According to 2022 data, the residency program in Malta has been able to make remarkable progress and bring in more than €50 million to the country’s economy. According to what has been published, the residency agency has announced that in the past six years, a total of 2,273 main applicants have obtained residency through Malta Permanent Residency Program (MPRP), under which about 5,303 family members have also obtained permanent residence permits in Malta since 2016. Malta Permanent Residency Program is intended for foreign investors wishing to reside in Malta through real estate investment, and since Launching in 2016, 71% of all applications were approved. This program has also contributed to the prosperity of the real estate market in Malta, where the annual return on real estate is currently 3.5-6%, in addition to offering a wide range of benefits to investors interested in buying a property in Malta, which includes the permanent residence rights in Malta for all family members, freedom of movement within the European Union countries and the speedy processing of the application without the need to reside in Malta (from 4 to 6 months), and the health and medical insurance for all family members and Free education, and permanent residence can lead to qualification for citizenship if the conditions are met, as the Maltese passport ranks 11th according to Reach Immigration index for passport classification, and it gives you access to more than 170 destinations around the world without a visa or visa upon arrival, Reach Immigration also offers you a number of residency programs in Cyprus, Greece, Hungary, and Spain, of which you can view details and contact our team by clicking on the link here.