The opportunity for non-EU nationals, such as Nigerians, to obtain a permanent residence permit in Malta with the Malta Permanent Residence Programme provides exclusive advantages, including 90 days of visa-free travel in the Schengen area and the ability to move to Malta. In this article, we will delve into the advantages of Malta permanent residency for Nigerian citizens, the eligibility requirements, the timeline and process, as well as what applicants should anticipate from the beginning to the end of the application process.

Description of the Malta Permanent Residence Programme and Why it’s a good option for Nigerian Investors
The Malta Permanent Residence Programme allows investors from non-EU countries to obtain the right to reside in Malta for as long as they want. A person with permanent residency can enter and leave the country whenever they wish; they have almost as many rights as state nationals. These include the opportunity to take advantage of Maltese healthcare and education, as well as start a business and work here. Investors cannot apply for the programme directly. They can join the programme only with the help of a licenced agent accredited by the Government of Malta, such as Immigrant Invest.

The lawyers and other specialists from Immigrant Invest accompany participants at every step of the process, from preparing the documents to receiving the residency cards and renewing them when the time comes.

The 6 main advantages of the MPRP for Nigerians
The Malta Permanent Residence Programme is a great opportunity for investors from Nigeria to gain freedom of travel and other benefits the status provides. Here are the main benefits of holding permanent residency in Malta.

The opportunity to move to Malta. The country secures a high standard of living, low crime rates, and affordable living compared to other European countries. Most of the population speaks English, so integration will be reasonably easy for Nigerians looking to move to Malta.

Freedom of travel. Residents of Malta can travel visa-free to all the countries of the Schengen area. These include 26 countries in Europe aside from Malta.Nigerians with a Maltese residency permit can travel to Italy, Spain, Iceland, Norway, Germany, and most other European states without needing a visa. This applies only to short stays: every 180 days, one can spend up to 90 days in all the Schengen countries combined.

Access to high-quality education and healthcare. Nigerians with Maltese residency can take advantage of the country’s social benefits, including access to free study at public universities and universal healthcare.

The opportunity to pay taxes at a lower rate. Compared to Nigeria, Malta charges lower taxes. For instance, for some companies, the corporate tax in Malta can be as low as 0—10% instead of the standard 35% if the shareholders claim a tax refund. Meanwhile, in Nigeria, all companies pay at least 30% in corporate taxes.

It is essential to note that the Malta Permanent Residency Programme does not provide its participants with any special tax incentives. However, if an applicant chooses to change their tax residency to Malta, they will be able to pay taxes in Malta and potentially reduce their tax burden. To become a tax resident of Malta, one has to physically reside in the country for at least 183 days a year.

An option to register a business in Malta. Investors who own companies in Nigeria or other countries can register their businesses in Malta to gain more growth opportunities, join a safer banking system and reduce the tax burden.

“Plan-B residency” for the entire family. The programme also allows investors to provide residency for the investor’s close family members. This means that the entire family will have the option to move to Malta at any time.

Permanent residency is a status that is given for life. The holders just need to renew their residency cards every 5 years.

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