Malta Increases MPRP Investment Fees and Threshold for 2025

25 November 2024 | Malta

Beginning on January 1, 2025, the Malta Permanent Residence Programme (MPRP) will go through major price increases and structural modifications. These changes are intended to preserve the program’s competitive advantage in the residency-by-investment sector, per a recent government circular. By taking action now, applicants can take advantage of current terms before the deadline and prevent increasing fees.

Significant Changes to the Malta Permanent Residence Program

A number of changes to the MPRP were announced by Residency Malta, including standardized property requirements, additional financial criteria, and higher costs. With effect starting 2025, these modifications aim to bring the program into line with developments in the economy.

Standardized Property Requirements

Property purchase minimum: EUR 375,000 nationwide (previously EUR 350,000 in Malta and EUR 300,000 in Gozo).
Annual rental minimum: EUR 14,000 nationwide (an increase of EUR 2,000 in Malta and EUR 4,000 in Gozo).

Updated Financial Criteria Pathways

Option 1: EUR 500,000 in total assets, with EUR 150,000 in liquid financial assets.
Option 2: EUR 650,000 in total assets, with EUR 75,000 in liquid financial assets.

Higher Administration Fees and Government Contributions

Administration fee: EUR 50,000 (an increase of EUR 10,000).
Contribution fee: EUR 30,000 for property purchases, EUR 60,000 for rentals (a EUR 2,000 increase in both cases).

Fees for Applicants and Dependents

Fees for Main Applicants

Administration Fee: EUR 50,000 (EUR 15,000 payable within one month of application submission, and EUR 35,000 payable within two months of receiving approval in principle.)

Fees for Dependents

Initial Application:EUR 10,000 per dependent(EUR 5,000 administrative fee within two months of approval in principle, and EUR 5,000 contribution within eight months of approval).
Post-Residency Additions:Full EUR 10,000 fee payable upon submission.
Family Inclusion Updates: Dependent children must now be unmarried and under 29 years old at the time of application.

Why Submit an Application before December 31, 2024?

You may ensure Malta residency at current cheaper rates if you apply before the deadline. Important advantages include:

Saving hundreds of euros on fees and contributions to the government.
Prevent the introduction of new expenses for dependents in 2025.
Lowering the property and asset criteria to lock in eligibility.

Make sure your application is submitted before December 16, 2024, to ensure it is processed properly and reaches the deadline.

What other fees can applicants for the Malta Permanent Residence Programme expect?

In addition to the administrative fees, financial contribution, charitable donation, and the cost for rent or purchase of a qualifying property prospective applicants seeking permanent residence in Malta are likely to incur additional costs and fees:

Professional Fee payable to the licensed agent engaged by the applicant;
Document translation, certification, double legalization, and/or apostille costs;
Medical Doctor, Notarial Services, Real Estate Agency, and other related third-party service provider costs;
Travel, transportation, initial accommodation, and logistical costs.

Why You Should Choose Simard & Associates as Your Immigration Lawyer?

At Simard & Associates, we bring expertise, dedication, and a personalized approach to every immigration case. With a proven track record of success, we guide you through the complexities of immigration law with confidence and care. Our team is committed to providing tailored solutions, ensuring your application process is smooth, efficient, and stress-free. Whether you’re pursuing residency, citizenship, or visas, Simard & Associates is your trusted partner for achieving your immigration goals.

For more details & questions, Kindly contact us and one of our Immigration Consultants & Immigration Lawyers will respond to you.

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