Starting January 1, 2025, the Malta Permanent Residence Program (MPRP) will introduce important changes, including increased financial thresholds and new eligibility requirements. These updates will significantly alter the criteria for applicants seeking residency in Malta. Major Changes Include:
Capital Investment Increase:
- 15% higher for single applicants
- 50% higher for larger families
Minimum Lease Requirement:
- €14,000 per year (previously €10,000 for Gozo/South and €12,000 elsewhere)
Property Purchase Requirement:
- Minimum property price €375,000 (previously €300,000 in Gozo/South and €350,000 elsewhere)
Definition of Adult Children:
- Must be under 29 years old, unmarried, and principally dependent
- Previously, no age limit, but children had to be fully dependent
Financial Eligibility Options:
- €500,000 in assets, with at least €150,000 in financial assets, or
- €650,000 in assets, with at least €75,000 in financial assets
Financial Contribution:
- €30,000 (Owned property)
- €60,000 (Rented property)
Family of 4:
- €150,000 to €212,000 with an extra charge of €62,000
Important Note for Transitional Period:
- Applications under the current cost structure can still be initiated before December 18, 2024.
- Full submissions must be completed by March 28, 2025.
What Does This Mean for You?
Apply now, before the end of 2024, and save at least €62,000 (more if applying with a larger family). You’ll also benefit from easier requirements, ensuring a faster and smoother process. Waiting means higher fees and stricter rules, resulting in a much higher cost for you.
Why Malta Residency and Visa Programme (MRVP)?
The Malta Residency and Visa Programme (MRVP) remains one of the most cost-effective options for securing EU residency, offering numerous advantages such as the ability to live, work, and access healthcare across the EU Schengen Area. The current transitional period presents a unique opportunity to secure residency at the existing, lower cost before potential increases, making it an ideal time for those considering long-term residency in the EU. Malta’s stable economy, attractive tax incentives, high quality of life, and strategic location in the Mediterranean further enhance its appeal. By acting now, applicants can lock in lower fees, secure residency for their families, and position themselves to benefit from Malta’s exceptional offerings and the potential for future advantages in the EU.
How Dual Luxury World Can Support You
At Dual Luxury World, we help individuals and families acquire citizenship by investment through tailored solutions that ensure a smooth, successful process. With extensive experience managing hundreds of applications, our Malta-based team, supported by our global network, provides expert guidance and up-to-date insights. Whether you’re seeking residency or citizenship, we simplify the application, handling all details for a stress-free experience. Trusted for our knowledge of the programs, legal requirements, and strategic advice, Dual Luxury World is your partner in unlocking new opportunities, financial benefits, and a global lifestyle.
Next Steps:
Considering Malta’s Permanent Residence Program? Now is the perfect time to act before the upcoming cost increases. Secure your application at the current rates and take advantage of this limited opportunity. BOOK A CONSULTATION today. Don’t wait—because waiting just got expensive.
