Apply for the Malta Permanent Residency Programme (MPRP), in 2024!
Eligibility Criteria
To be eligible for the Malta Permanent Residency Programme (MPRP), the Applicant must meet the following criteria:
1. Licensed Agent – Submit an MPRP application via a Licensed Agent, who is listed on Residency Malta Agency’s website ‘List of Agents’. Note that VisaConnect co-operates with Malta Lawyers, who are Licensed Agents.
2. Administrative Fee – Main Applicant must pay a non-refundable administrative fee of €40,000.
3. Government Contribution – Main applicants must pay a Government Contribution of €28,000 if purchasing a property or €58,000 if leasing a property. In addition, there will be a contribution payable by each additional adult dependent of €7,500 and €5,000 Euros for each child, over 18 years of age.
4. Philanthropic Donation – Make a donation to a local Malta philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations for €2,000 Euros (main applicant only).
5. Property Investment – The rates under the MPRP program have increased to €350,000 Euros for a purchase in the northern and central parts of Malta, and €300,000 in the South of Malta or Gozo. Alternatively, rent a property for a minimum of €10,000 in the South of Malta/Gozo or €12,000 in the rest of Malta, as previously. The Applicant must hold the qualifying property for a minimum period of 5 years, after which a residential address is required.
6. Income or Asset Documentation – Under the previous MRVP program, the main applicant had the option to demonstrate either a minimum annual income of €100,000 or €500,000 in personal assets. The new MPRP program is expected to eliminate the proof of income option, while retaining the €500,000 proof of asset obligation with a new requirement of €150,000 of total assets being available as liquid funds.
Contact VisaConnect’s Specialist Consultants for advice and assistance with your application for Malta Permanent Residency (MPRP), in 2024, and see our web page for further information:
VisaConnect Immigration Blog 