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Malta’s Permanent Residence Programme (MPRP) has long been a favorite for individuals and families seeking a high-quality lifestyle in Europe. With the introduction of new rules effective January 1, 2025, the programme is evolving to ensure greater accessibility and efficiency while maintaining its appeal to high-net-worth individuals. Here’s a friendly guide to understanding the updates and how they could impact applicants.
Current MPRP at a Glance
The MPRP offers a pathway for non-EU nationals to reside in Malta, providing benefits such as a Mediterranean lifestyle, access to the Schengen Zone, and a stable economy. Key requirements under the existing framework include:
1. Eligibility Criteria:
- Applicants must have assets worth at least €500,000, with €150,000 in financial assets.
- Property investment options:
- Rent: Minimum €10,000 per year in the South of Malta or Gozo, or €12,000 per year in the North.
- Buy: Minimum €300,000 in the South of Malta or Gozo, or €350,000 in the North.
2. Financial Contributions:
- €68,000 (non-refundable) for property purchases or €98,000 when renting.
- Additional donation of €2,000 to a Malta-approved NGO or charity.
3. Dependants:
- The main applicant’s spouse, children (of any age if financially dependent), and wholly supported parents or grandparents can be included.
4. Health Insurance:
- All applicants must have comprehensive health insurance covering Malta.
What’s Changing in 2025?
The Residency Malta Agency (RMA) has revised the programme, reflecting updates in Legal Notice 310 of 2024. Here are the key changes taking effect on January 1, 2025:
1. Revised Eligibility Options
Applicants can now choose between two options to demonstrate economic self-sufficiency:
- Option 1: Assets of at least €500,000, with €150,000 in financial assets.
- Option 2: Assets of at least €650,000, with €75,000 in financial assets.
This flexibility allows applicants to align their applications with their financial circumstances.
2. New Property Investment Rules
Property investment requirements are being streamlined, removing regional distinctions:
- Minimum purchase value: €375,000.
- Minimum annual rent: €14,000.
This unified approach simplifies the decision-making process for applicants.
3. Changes for Dependants
Eligibility for dependants has been clarified:
- Children can now qualify as dependants until the age of 29, provided they are unmarried and financially dependent on the main applicant.
4. Updated Contribution and Administration Fees
The new structure includes:
- A €50,000 non-refundable administration fee for the main applicant, payable in two installments.
- €15,000 within one month of application submission.
- €35,000 within two months of receiving initial approval.
- Dependant fees:
- €10,000 per dependant, split into two payments: €5,000 upfront and €5,000 within eight months of approval.
- Property-based contributions:
- €30,000 if purchasing property.
- €60,000 if renting property.
These payments must be completed within eight months of receiving approval.
5. Applications Before 2025
Applications submitted under the old rules will be accepted until December 31, 2024. However, all required documentation must be finalized by March 28, 2025 to avoid withdrawal.
Why Consider the MPRP?
Malta is a hub for business, leisure, and family life, offering:
- A favorable tax regime.
- Access to excellent healthcare and education.
- A safe, multicultural community with over 300 sunny days a year.
The programme continues to attract high-net-worth individuals seeking a blend of lifestyle and opportunity.
Get Expert Guidance
Navigating the MPRP can be complex, but you don’t have to do it alone. Professional firms with extensive experience in residency and citizenship programs can:
- Help you meet eligibility criteria.
- Ensure smooth submission and compliance with new regulations.
- Provide relocation support, from securing housing to setting up healthcare and schooling.
If Malta is on your radar for 2025, now is the perfect time to explore how these updates align with your goals.
Ready to call Malta home? Let’s start the journey together!
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