Malta Permanent Residence Programme (MPRP): Your Path to Residency in Malta

Malta Permanent Residence Programme (MPRP): Your Path to Residency in Malta As of March 29th, 2021, Malta has officially opened its new Permanent Residence Programme (MPRP), succeeding the successful Malta Residency and Visa Programme (MRVP). This initiative welcomes non-EU nationals, including UK citizens post-Brexit, providing an opportunity for individuals and families to establish permanent residency in Malta and enjoy visa-free travel within the 26 EU Schengen countries.

Key Changes from MRVP to MPRP: The MPRP has made notable changes, particularly in eliminating the mandatory purchase of €250,000 in bonds. Additionally, there is an adjustment in real estate investment minimums, now set at €300,000 in the South of Malta and Gozo and €350,000 for other regions.

Qualification Requirements: To qualify, applicants must declare possession of a minimum of €500,000 in capital assets, with €150,000 as available financial assets. Financial stability, supporting family members, property ownership or rental, health insurance, and a clean police record are prerequisites.

Application Process:

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Fees: ●

Government administration fee: €40,000.

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Contribution: €28,000 (property purchase) or €58,000 (rental).

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Charitable donation: €2,000 to a registered Malta NGO.

Property Requirements: ●

Property purchase: Minimum €300,000 (South of Malta and Gozo) or €350,000 (other areas).

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Rental: Minimum annual lease of €10,000 (South of Malta and Gozo) or €12,000 (other areas).

Family Inclusion: Applicants can include the following family members in their MPRP application: ●

Spouse

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Unmarried and dependent children

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Dependent parents or parents-in-law (additional €7,500 per parent)

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Dependent grandparents or grandparents-in-law (additional €7,500 per grandparent)

Timeline: Upon application submission, a €10,000 administration fee is required. The Residency Malta Agency (RMA) reviews applications in approximately four to six months. Upon approval, additional fees must be paid, and the property purchase or rental is finalised.

Advantages of MPRP: ●

Visa-free travel in the EU Schengen Area.

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No minimum residency days are required.

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Indefinite permanent residence status.

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Quick process with a low capital outlay.

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Flexibility to include family members in the same application.

Testimonial:

Ryan Darmanin, Managing Director of Latitude Malta, praises the government and RMA for their progressive approach in revising and launching the MPRP, ensuring its longevity and competitiveness.

To take the following steps toward becoming a permanent resident of Malta, contact Latitude Malta, a local licensed agent specializing in MPRP requirements, guiding clients through the entire process from their office in St. Julian’s. Don’t delay; secure access to better opportunities with a residency by investment in Malta today.

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