Malta Permanent Residence Programme Announces Price Increase from January 2025

The Malta Permanent Residence Programme (MPRP) is set to undergo a significant overhaul starting January 1, 2025. With higher administrative fees, increased financial contributions, and updated property requirements, prospective applicants need to act fast to secure their residency under the current rules. This article breaks down the changes and what they mean for you.

Increased Administrative Fees

• Current Fee: €40,000
• New Fee (Jan, 2025): €50,000

Starting January 2025, applicants will face a non-refundable administrative fee of €50,000. This includes an initial payment of €15,000 within one month of application submission and €35,000 due within two months of receiving the Letter of Approval in Principle.

Increased Administrative Fees for MPRP

Applicants will now be required to pay a non-refundable administrative fee of €50,000, split into two payments:

• €15,000 due within one month of application submission.
• €35,000 payable within two months of receiving the Letter of Approval in Principle.

Revised Financial Contributions Under the MPRP

• Property Purchase:

• Current Contribution: €28,000
• New Contribution (Jan, 2025): €30,000

• Property Rental:

• Current Contribution: €58,000
• New Contribution (Jan, 2025): €60,000

These contributions must be completed within eight months of receiving approval.

Dependants Fees in the Malta Residency Program

• New Fee (Jan, 2025): €10,000 per dependant

Dependants include spouses, children, parents, and grandparents. The fee consists of:

• A €5,000 non-refundable administrative fee.
• A €5,000 financial contribution.

Updated Property Investment Requirements

Minimum Value for Property Purchase

• Current Minimum Value: €300,000 (Gozo/South) or €350,000 (elsewhere in Malta)
• New Minimum Value (2025): €375,000 (uniform across all regions)

Minimum Annual Rent for Property Rental

• Current Minimum Rent: €10,000 (Gozo/South) or €12,000 (elsewhere in Malta)
• New Minimum Rent (Jan, 2025): €14,000 (uniform across all regions)

These changes standardize property investment thresholds across Malta and Gozo.

Financial Eligibility Criteria for MPRP 2025

Two Options for Asset Requirements

• Option 1:
  Total assets of at least €500,000, with a minimum of €150,000 in financial assets.
• Option 2:
  Total assets of at least €650,000, with a minimum of €75,000 in financial assets.

This update raises the financial eligibility threshold while offering flexibility.

Timeline and Recommendations for Applicants

Act Before January 1, 2025

Applications submitted before January 1, 2025, will be processed under the current regulations. To benefit from the existing, lower fees and criteria, submit your application as soon as possible.

Our Expert’s Advice

Guidance from Yaser, MPRP Expert

Why Consult an Expert?

• Navigate complex regulations effortlessly.
• Tailor your application to meet updated requirements.
• Maximize your investment while minimizing costs.

To ensure you take advantage of the best possible terms and avoid unnecessary delays, consult with our experienced team today.

Note:

This article is updated as per the latest Circular, issued by the Maltese Residency and Visa Agency, detailing the upcoming changes to the Malta Permanent Residence Programme effective January 2025.