Malta Issues Over 33,000 Residence Permits to Attract Skilled Workers

In 2024, Malta has established itself as a leading destination for expatriates and remote workers. The country issued an impressive 33,455 residence permits, reflecting its commitment to attracting skilled professionals. This strategic move addresses the growing demand for talent across various sectors.

Key Statistics

The issuance of residence permits in Malta has reached notable figures this year:

• Total Residence Permits Issued: 33,455
• Permits Granted Under the Nomad Visa Scheme: 4,073
• Applications for the Malta Permanent Residence Programme (MPRP): Over 1,500
• Revenue Generated: €46 million for Malta’s Consolidated Fund

Malta’s Appeal for Foreign Residents

Malta’s Home Affairs Ministry recently highlighted the surge in residence permits. This growth underscores Malta’s welcoming stance toward global talent. Several programs drive this expansion:

1. Malta Permanent Residence Programme (MPRP)
2. Malta Residency and Visa Programme (MRVP)
3. Nomad Visa Scheme

Breakdown of Residence Permits in 2024

Malta Permanent Residence Programme (MPRP)

• Received over 1,500 applications.
• Generated €46 million for the government’s Consolidated Fund.
• Contributed €36 million through property purchases.
• Added €50 million via five-year lease contracts.

Nomad Residence Permit

• The Nomad Visa Scheme attracted 1,031 applications.
• This program appeals to remote workers seeking a favorable European base.

Rising Demand for Skilled Workers

Malta is experiencing a robust demand for foreign skilled workers. Industries such as healthcare, construction, transportation, and food service actively seek professionals to fill labor shortages. Skilled foreign nationals have a strong chance of securing employment in Malta, making it an attractive option for migration.

Reasons for Choosing Malta

Foreigners are increasingly attracted to Malta for several reasons:

• Strategic Location: Malta sits at the heart of the Mediterranean, providing excellent access to Europe and North Africa.
• Residency Benefits: The MPRP and Nomad Visa offer pathways to long-term residence with financial incentives.
• Business and Employment Opportunities: Labor shortages in key sectors mean strong job prospects for skilled professionals.
• Quality of Life: Malta boasts a high standard of living, a warm climate, and a vibrant expat community.

How to Apply for a Malta Residence Permit

Foreign nationals interested in moving to Malta can apply under various programs tailored to their qualifications:

Malta Permanent Residence Programme (MPRP)

• Requires property purchase (minimum €300,000) or a rental contract (€10,000 annually).
• Includes a one-time government contribution of €98,000.
• Eligibility: Non-EU nationals with a stable income and a clean criminal record.

Nomad Residence Permit

• Best for remote workers earning at least €2,700 per month.
• Requires proof of employment with a foreign company or self-employment.
• Offers a one-year renewable visa with Schengen travel benefits.

Conclusion

Malta continues to strengthen its position as a preferred destination for expatriates and skilled professionals. With a growing number of residence permits issued and increasing demand for foreign workers, Malta offers significant opportunities for those seeking a vibrant, globally connected life.