If Malta is on your radar as a second home, the Residency Malta Agency has issued a circular with updates on the latest MPRP amendments. The Malta Permanent Residence Programme (MPRP) is being updated to remain competitive, also in light of amendments made to other residency programmes in Europe. Starting from the 1st of January 2025, these rules are designed to make the programme even more attractive. Let’s dive into the key changes and what they mean for prospective applicants.
What’s New in the MPRP for 2025?
The Residency Malta Agency is introducing several updates to enhance the programme's appeal. Here are the highlights:
Eligibility Criteria to apply for Malta’s MPRP in 2025
Applicants will now have two options to meet the financial requirements:
- Option 1: Hold assets of at least €500,000, with €150,000 in financial assets.
- Option 2: Hold assets of €650,000, with a minimum of €75,000 in financial assets.
Age of Eligible Children
Unmarried children, principally dependant on the main applicant can be included in the same MPRP application as long as they have not attained the age of 29.
MPRP Qualifying Property Requirements
Under the current MPRP regulations, applicants are required to rent or purchase property in Malta. This requirement will remain as it is, with a slight amendment to the minimum qualifying rental and purchase amounts.
- Purchasing property: The minimum value must now be €375,000.
- Renting property: The annual lease should be at least €14,000
Administrative Fees and Contributions
As from 1st January 2025, the following updated government fees shall apply:
- Main Applicant Administration Fee:
- €50,000 (non-refundable):
- €15,000 payable within one month of application submission.
- Remaining €35,000 payable within two months of receiving a Letter of Approval in Principle.
- €50,000 (non-refundable):
- Dependant Fees:
- €10,000 per each dependant such as the spouse, children, parents & grandparents. (non-refundable)
- Government Contributions:
- €30,000 if the applicant purchases a property or €60,000 if the applicant rents a property.
The property contribution fees are payable within 8 months of receiving the Letter of Approval in Principle.
Why Malta Stands Out
Choosing Malta is much more than getting a permanent residence status. It’s about becoming part of a dynamic, internationally connected community. It’s your gateway to new travel, investment, and lifestyle opportunities in one of Europe’s most beautiful destinations.
Whether you’re looking to relocate, invest, or secure a strategic second residency, the Malta Permanent Residence Programme delivers exceptional value. These upcoming updates only strengthen its position as a top choice for global citizens.
Some of the benefits of applying for Malta’s Permanent Residence Programme include:
- Access to Europe’s Schengen Area: Gain visa-free travel to the Schengen countries with the right of living there for 3 months in every 6 months.
- Family Security: Secure residency for you and your family in an ever-changing world.
- Unparalleled Lifestyle: Enjoy Malta’s Mediterranean climate, excellent healthcare, and English-speaking environment.
- Permanent Residence: Gain the right to live and work in Malta indefinitely.
Make Your Move – 31st December 2024 Deadline
MPRP applications submitted before 1st of January 2025, will adhere to the current regulations. Interested applicants are invited to seize the moment and get in touch with us promptly so that their application is submitted before the end of 2024 and the full MPRP application can then be submitted by Friday 28th March 2025.
Contact us today to benefit from this opportunity to secure European Permanent Residency in Malta for life for all your family members.
Our Malta Permanent Residence Services
With decades of experience, our award-winning Immigration & Relocation Law team stands as Malta’s longest-established specialized immigration law practice. Over the years, we’ve successfully assisted hundreds of individuals and families, including expatriate retirees, professionals seeking employment in Malta, and high-net-worth individuals featured in Fortune 500 rankings. Our commitment lies in promoting Malta as a prime destination for investment and relocation, celebrated for its hospitality and multicultural heritage.
Comprehensive Advice Tailored to Your Needs
We provide expert guidance on the tax and legal implications of obtaining Maltese residence, ensuring you are well-informed throughout the application process. Our team will assess your unique circumstances, outline the relevant requirements, and provide realistic timelines to help you plan effectively.
Our services cover:
- Expert advice on the various Maltese residence schemes available.
- Practical relocation support, including assistance with transportation, insurance, education, and healthcare arrangements.
Licensed Expertise
Dr. Priscilla Mifsud Parker, a Licensed Agent under the Malta Permanent Residence Programme (MPRP) regulations, holds Licence AKM-ACCA. Her expertise ensures that every application is handled with precision and compliance.
