Malta Permanent Residency 2025 Price Increase
Malta’s Permanent Residence Programme (MPRP) is about to get a major update and there is good news and bad news! From January 1, 2025, new regulations will enhance the programme, making it more efficient and competitive, while also introducing changes to the overall cost. Single applicants will see a slight price increase, but the biggest adjustments will impact larger families. Here’s what’s on the horizon.
What’s Changing in 2025?
The Maltese government is introducing significant updates to the MPRP, refining its structure to remain competitive while adjusting costs to align with current market conditions. Here’s a breakdown of the changes:
Flexible Eligibility Criteria:
- Applicants must prove assets of at least €500,000, with €150,000 held in financial assets.
- Alternatively, showcase €650,000 in assets, including a minimum of €75,000 in financial assets.
Updated Property Requirements:
- Buying: The property must be bought for €375,000 or above (previously €300,000).
- Renting: Annual leases must now be at least €14,000 (previously €10,000 per year for five years).
New Fee Structure:
- Government Contribution: Reduced from €98,000 to €60,000 if renting and from €68,000 to €30,000 if buying a property.
- Charitable Donation: The previous mandatory €2,000 donation to a Maltese NGO has been removed.
- Government Fee: A new government application fee now applies of €50,000 for the main applicant alone, plus an additional €10,000 per dependant.
- Legal Fees: Additional legal and processing fees also apply, these are variable depending on the size and complexity of the application. Speak with our team for a personalised quotation.
The Overall Price Increases
With these new figures, the starting cost (before fees) for a single applicant will increase by €12,000 compared to the previous structure. For a family of four, the cost will rise by €42,000!
Additionally, annual rental costs are increasing by €4,000, adding €20,000 over the required five years. For those opting to purchase property, the minimum real estate investment will now be €75,000 higher than before.
Why Consider Malta’s Permanent Residency?
For those unfamiliar, the MPRP offers a wealth of benefits that make it one of Europe’s standout residency options:
- EU Access: Reside in Malta, an EU member state with Schengen travel access to 27 countries.
- Security: A reliable Plan B residency for you and your family in a world of uncertainties.
- Investment Value: Contributions feed directly into Malta’s robust economy.
- Lifestyle: Enjoy Mediterranean living, top-tier healthcare, and an English-speaking environment.
Faster, Smarter Applications
Starting in 2025, the Residency Malta Agency is streamlining the application process, with an aim to reduce waiting times without compromising on due diligence. This means successful applicants will benefit from faster approvals and a more seamless journey to permanent residency.
Act Now – Secure Existing 2024 Rules
If you’re considering applying as a family, don’t wait! Providing your application is submitted before January 1, 2025, it will fall under the current regulations.
For those ready to take advantage of the new framework, despite the price increase, the revamped programme promises great opportunities and is still competitively priced compared to other European Golden Visa programmes.
Get in touch with us today to learn more about how these changes could work for you. Let’s make 2025 your year to secure a brighter, more flexible future!
