Exciting Updates to Malta's Permanent Residence Programme – Here’s What You Need to Know!

Big news for anyone considering Malta as their second home or a base for global mobility: the Malta Permanent Residence Programme (MPRP) is getting a refresh! Starting January 1, 2025, new rules will make the programme even more appealing, efficient, and competitive on the global stage. Whether you’re looking for a strategic residency option or simply want the peace of mind that comes with access to Malta, here’s everything you need to know about these updates.

What’s Changing in the MPRP?

Malta’s government is taking steps to keep the MPRP ahead of the game in the residency-by-investment world. Here’s a quick look at the key updates:

1. More Flexible Eligibility Criteria Options:
   • You’ll need to show assets worth at least €500,000, including €150,000 in financial assets, or go for €650,000, with a minimum of €75,000 in financial assets.
2. Updated Property Requirements:
   • If you’re buying, the property needs to be valued at €375,000 or more.
   • Renting? The annual lease should be at least €14,000.
3. Simplified Fees:
   • The main application fee is €50,000, split into manageable stages.
   • Dependants, like your spouse, kids, or even grandparents, will cost €10,000 each.
   • Contribution of €30,000 if purchasing a property or €60,000 if you opt for rental option

These updates aim to reflect Malta’s current market conditions, ensuring the programme stays relevant and attractive to high-caliber applicants.

What Does Permanent Residency in Malta Offer?

For those unfamiliar with the benefits of the MPRP, here’s why it’s one of the most sought-after residency programmes in Europe:

• A Gateway to Europe: Malta’s strategic location in the EU offers unparalleled mobility and access to 27 Schengen countries.
• Peace of Mind: Secure a second residency for you and your family, providing flexibility and security in an uncertain world.
• A Stable Investment: Whether buying or renting, your financial contribution directly benefits Malta’s thriving economy.
• Quality of Life: Mediterranean weather, world-class healthcare, and an English-speaking environment make Malta a dream destination.

Efficiency and Simplicity – A Better Process for 2025

One of the most exciting updates is the focus on efficiency. The Residency Malta Agency has streamlined the application process, cutting down waiting times without compromising on rigorous due diligence. That means faster approvals for eligible applicants and a smoother experience overall.

Act Now – Applications Under the Current Rules Close Soon

If you’ve been thinking about applying, now’s the time! Applications submitted before January 1, 2025, will still follow the current rules, giving you a chance to lock in before the changes take effect. For those ready to embrace the new opportunities, the revamped MPRP is just around the corner.

Why Choose Malta?

Malta isn’t just about ticking boxes on a residency form – it’s about joining a vibrant, internationally connected community. With the MPRP, you gain more than just a residency certificate; you unlock a wealth of opportunities for travel, investment, and personal growth in one of Europe’s most beautiful destinations.

Whether you’re planning to relocate, invest, or simply want a secure second residency, the Malta Permanent Residence Programme continues to deliver unmatched value. These updates make it even better – and we’re here to guide you every step of the way. Contact us today to learn more or get started!