The MPRP grants international investors the right to reside in Malta through investment, applicable exclusively to non-EU/EEA/Swiss nationals.
Legal Notice 310 of 2024 introduced changes to the programme, which is applicable to applications submitted on or after January 1st, 2025.
Eligibility Criteria
Asset Requirements:
Main applicants must demonstrate ownership of assets valued at a minimum of €500,000, including at least €150,000 in financial assets. From January 1st, 2025, applicants can alternatively show ownership of assets valued at €650,000, with a minimum of €75,000 in financial assets.
Dependants:
Prior to the changes, a dependant included a child (biological or adopted) of the main applicant or spouse, aged over 18, unmarried, and financially dependent on the main applicant. From January 1st, 2025, a dependant child must be under 29 at the time of application. However, this age restriction does not apply to adult children certified as having a disability under the Equal Opportunities (Persons with Disability) Act.
Qualifying Property
Owned Property:
From January 1st, 2025, qualifying properties must have a minimum purchase value of €375,000 in Malta or Gozo. Previously, the minimum was €300,000 for properties in Gozo or southern Malta and €350,000 elsewhere.
Rented Property:
As of January 1st, 2025, qualifying rented properties must have a minimum annual rent of €14,000 in Malta or Gozo. Previously, the minimum was €10,000 for properties in Gozo or southern Malta and €12,000 elsewhere.
Administration Fees
For applications submitted from January 1st, 2025:
Main Applicants:
A non-refundable fee of €50,000 (increased from €40,000)
applies.
- €15,000 is payable within one month of application submission.
- The remaining amount must be settled within two months of receiving the approval-in-principle letter.
Dependants:
A fee of €10,000 (up from €7,500) applies per dependant.
- €5,000 (non-refundable) is due within two months of the approval-in-principle letter.
- The balance must be paid within eight months of receiving the approval-in- letter.
- Dependants added after the certificate of residence issuance must pay the non-refundable fee upon application.
Contributions
Main applicants must pay increased contributions as follows:
- For those opting for qualifying owned property: €30,000 (up from €28,000).
- For those opting for qualifying rented property: €60,000
(up from €58,000).
These contributions must be paid within eight months of receiving the approval-in-principle letter.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
