The Malta Permanent Residence Programme (MPRP) continues to be a popular choice for third-country nationals seeking to reside in Malta.
Following the publication of Legal Notice 310 of 2024 on the 19th of November 2024, the Residency Malta Agency (RMA) has announced a number of significant amendments. These updates address changes to the Malta Permanent Residence Programme (MPRP) submissions starting from the 1st of January 2025.
Key Features of the current MPRP Regulations:
- Eligibility Criteria: Applicants must possess capital assets of at least €500,000, with €150,000 in financial assets. They must also lease a property for a minimum of €10,000 per annum in the South of Malta or Gozo, or €12,000 per annum in the North of Malta. Alternatively, they can purchase a property valued at €300,000 in the South of Malta or Gozo, or €350,000 in the North of Malta
- Contribution Requirements: A non-refundable contribution of €68,000 is required when purchasing a property, or €98,000 when renting. Additionally, applicants must donate €2,000 to a Malta-registered NGO or charity organisation as approved by the agency.
- Health Insurance: All applicants and their dependants must have a health insurance plan covering all risks in Malta
- Dependants: The programme allows for the inclusion of the main applicant’s spouse, unmarried and financially dependent children without any age limitations, and parents or grandparents who are wholly maintained by the main applicant
Malta Permanent Residence Programme Proposed Changes for 2025:
- Revised Eligibility Criteria: From January 1, 2025, applicants have two options to show that they are economically self sufficient.
Option 1: The main applicant must present evidence of assets valued at not less than €500,000, with a minimum of €150,000 in financial assets, or
Option 2: The main applicant must present evidence of assets valued at not less than €650,000, with a minimum of €75,000 in financial assets
- Dependants’ Age Limit: A child of the main applicant or their spouse is eligible as a dependant as long as they have not yet reached the age of 29, are unmarried, and still financially dependent on the main applicant
- Qualifying Property: The minimum value for qualifying owned property will be €375,000, and the minimum annual rent for qualifying rented property will be of €14,000. This therefore removes the difference between investing in Malta or in Gozo/South of Malta.
- Administration Fees and Contributions:
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- A non-refundable administration fee of €50,000 is to be paid for the main applicant, with €15,000 payable within one month of application submission and the remaining €35,000 within two months of receiving a Letter of Approval in Principle.
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- Dependants’ fees include a €10,000 fee for each dependant, with €5,000 as a non-refundable administration fee payable within two months of receiving a Letter of Approval in Principle, and the remaining €5,000 contribution payable within eight months.
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- A contribution of €30,000 will apply for the main applicant if opting for a qualifying owned property, or €60,000 if renting a property. This shall be payable within eight months of receiving a Letter of Approval in Principle.
Applications Submitted Prior to 2025:
Applications submitted under the regulations prior to the publication of Legal Notice No 310 of 2024 will be accepted until December 31, 2024. These applications must include the minimum required documentation, such as Form MPRP 1, Form MPRP 10 for the main applicant and each dependant, Power of Attorney, certified true copies of passports, and a declaration signed by the main applicant
All remaining documentation must be submitted by the 28th of March 2025, or the application will be considered withdrawn.
The MPRP is designed to attract high-net-worth individuals and their families, offering them the opportunity to enjoy the benefits of residing in Malta, including a favorable tax regime and a high quality of life.
Our Malta Permanent Residence Services
At ACC, a licensed Maltese Immigration Firm (Licence No. AKM-ACCA), we specialize in guiding high-net-worth international families and businesses across a range of areas, including residency and citizenship, corporate law, taxation, financial services, fintech, and property. For over 20 years, our dedicated Malta Permanent Residence specialists have successfully assisted hundreds of individuals and families, from expatriate retirees to emigrants seeking new career opportunities. We proudly promote Malta as a prime destination for investment and relocation, reflecting the country’s rich tradition of hospitality and multiculturalism.
Our team provides expert advice on the legal and tax implications of the residence application process, offering tailored guidance to ensure compliance and efficient timelines based on your unique circumstances. We cover the requirements of various residence schemes in Malta and offer practical support for relocation needs, including transportation, insurance, schooling, and healthcare coverage. Let us help make your transition to Malta seamless and rewarding
