Malta Permanent Residence Programme (MPRP) Price Increase: What You Need to Know Before 2025

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Published Date: 21.11.2024

The Malta Permanent Residence Programme (MPRP) is set to undergo significant price increases and structural changes starting January 1, 2025. According to a recent government circular, these updates aim to maintain the program’s competitive edge in the residency-by-investment sector. Acting now ensures applicants avoid higher costs and take advantage of current terms before the deadline.

Key Changes to the Malta Permanent Residence Programme

Residency Malta announced several updates to the MPRP that include increased fees, new financial criteria, and standardized property requirements. These changes, effective in 2025, aim to align the program with evolving economic trends.

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 Qualification 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).

Cost Breakdown 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 Apply Before December 31, 2024?

Applying before the deadline ensures you secure Malta residency under the current, lower rates. Key benefits include:

  • Saving thousands of euros on government fees and contributions.
  • Avoiding additional costs for dependants introduced in 2025.
  • Locking in eligibility with lower property and asset requirements.

To guarantee your application meets the deadline, ensure submission by December 16, 2024, for proper processing.

How to Begin Your Application

Time is critical for completing your MPRP application.

  1. Submit initial documents before December 31, 2024, to lock in current rates.
  2. Complete additional document requirements by March 28, 2025.
  3. Contact our office immediately to begin your application.

Our experienced advisors will guide you through the process efficiently and ensure all deadlines are met.

Contact us if you are interested in Citizenship by Investment

Our expert advisors will have a 1-on-1 consultation to find the best solutions for you and your family and guide you through the procedure.

Get in Touch

Conclusion

In conclusion, changes to the Malta Permanent Residence Programme in 2025 will significantly increase costs. Acting now to secure your application ensures you benefit from lower fees and existing financial thresholds. Don’t delay—your future in Malta starts today!

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