The Malta Residency Agency has announced price increase for Malta Permanent Residence Program (MPRP) effective from Jan 1, 2025. As a result of this, the Malta residency program will become more expensive for investors, especially to property investors.The MPRP (aka Malta Golden visa) is a clearly structured residency-by-investment programme based on investments in property and government contributions. The Agency takes 4 to 6 months processing time from the submission of a complete and correct application.
Summary of Changes
- Administrative fee increased by €10,000, now set at €50,000 (previously €40,000)
- Property purchase minimum increased to €375,000 (from previous €300,000 Gozo/South of Malta/350,000 in rest of Malta )
- Government contribution slightly increased to €30,000 (from previous 28,000) if purchasing a property or €60,000 (previous €58,000) if leasing a property;
- Dependent fee increased to €10,000 (from previous €7,500) for each and every dependant of the Main Applicant;
- Property must be held for 5 years after which a residential address is required
New Prices
Effective from Jan 1, 2025.
- pay a non-refundable administrative fee of €50,000;
- rent a property for a minimum of €14,000 in Malta or Gozo; or
- purchase a property for a minimum value of €375,000 in Malta or Gozo;
- pay a Government contribution of €30,000 if purchasing a property or €60,000 if leasing a property;
- pay €10,000 for each and every dependant of the Main Applicant;
- hold the qualifying property for a minimum period of 5 years after which a residential address is required;
- make a donation of €2,000 to a local philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations;
Eligibility
- be third country nationals, non-EU, non-EEA and non-Swiss;
- not hail from sanctioned countries, as announced from time to time by the Agency;
- not benefit under other pertinent regulations and schemes;
- be in receipt of stable and regular financial resources, sufficient to maintain themselves and their dependants, without recourse to the social assistance system of Malta;
- show they have capital assets of not less than €500,000, out of which a minimum of €150,000 must be financial assets; or show they have capital assets of not less than €650,000, of which €75,000 must be in the form of financial assets.
- be fit-and-proper individuals and have a clean criminal record;
- not pose any potential threat to the national security, public policy, public health or public interest.
