Malta Announces Amendments to Investment Conditions and Fees in the Permanent Residency Program
Malta has announced new amendments to the Permanent Residency Program (MPRP), which will come into effect starting January 1, 2025. These updates aim to align with current market conditions and maintain the program’s competitive standing.
Financial Requirements
Applicants must meet one of the following two options:
- Option 1: Prove total assets of €500,000, with €150,000 available in liquid financial assets.
- Option 2: Prove total assets of €650,000, with €75,000 available in liquid financial assets.
Real Estate Investment Criteria
The real estate investment requirements in Malta and Gozo have been unified:
- Property Purchase: The minimum investment required is €375,000, instead of €350,000 in Malta and €300,000 in Gozo previously.
- Annual Rent: The minimum annual rent has been set at €14,000 for all areas, up from €12,000 in Malta and €10,000 in Gozo.
Administrative Fees and Dependent Fees
Administrative fees have increased to €50,000, payable in two installments:
- €15,000 within one month of submitting the application.
- €35,000 within two months of receiving the initial approval.
For dependents:
- A fee of €10,000 per dependent is required, divided as follows: €5,000 as an administrative fee within two months of approval, and €5,000 as a financial contribution within eight months of approval.
- For dependents added after the residence certificate is issued, both amounts must be paid in full at the time of application.
Government Contributions
The government contributions have been amended as follows:
- For purchased properties: €30,000 (previously €28,000).
- For rented properties: €60,000 (previously €58,000).
Applicants must pay these contributions within eight months of receiving approval.
Dependent Conditions
The maximum age for unmarried children eligible as dependents is set at 29 years at the time of application.
Transition and Implementation
Applications submitted before January 1, 2025, will be processed under the current rules. New applications submitted after this date will be subject to the updated regulations.
These amendments are intended to ensure the program aligns with economic trends while maintaining high standards for application reviews and ensuring all requirements are met.