Apply for the Malta Permanent Residence Programme before the 2025 Changes Come into Effect!

Apply before 31 December 2024 to Secure Current Terms

The Malta Permanent Residence Programme (MPRP) is a unique opportunity for non-EU, non-EEA, and non-Swiss nationals to secure permanent residency in Malta, a Mediterranean paradise with exceptional lifestyle and investment opportunities.

A number of changes to the Malta Permanent Residence Programme (MPRP) will come into effect on 1st January 2025, introducing adjustments to costs, property requirements, and eligibility criteria. Prospective applicants have until 31st December 2024 to submit their applications and benefit from the current regulations. By acting now, you can secure the programme’s existing advantages before the updates take place.

With only a 4-6 month processing period, the MPRP provides a streamlined pathway to enjoy all of the opportunities, stability and freedom that Malta has to offer!

Here’s how the programme will change starting January 2025:

QUALIFYING PROPERTY

Currently property costs varied by location – South of Malta/Gozo: Minimum rent of €10,000 annually or purchase price of €300,000; Rest of Malta: Minimum rent of €12,000 annually or purchase price of €350,000.
New Terms: The distinction by location is removed. Minimum purchase prices €375,000 anywhere in Malta, whilst minimum rent is €14,000 annually anywhere in Malta.

ASSET REQUIREMENTS

At present the main applicant must present proof of assets of at least €500,000, including a minimum of €150,000 in financial assets.
New Terms: Assets must total at least €650,000, with a minimum of €75,000 in financial assets.

ADULT DEPENDANTS

The current rules do not set a maximum age for dependants, provided they are unmarried and financially dependent on the main applicant.
New Changes: Adult dependants must now be between 18 to 28 years old, unmarried, and financially dependent on the Main Applicant.

ADMINISTRATIVE & DEPENDANTS

Administrative fees are currently set at €40,000 with no additional fees for dependants.
New Changes: the administration fee is being increased to €50,000. A €10,000 fee will now be charged per dependant, including spouses, children, parents, and grandparents.

CONTRIBUTION FEES

These are currently set at €28,000 for applicants owning property and €58,000 for applicants renting property.
New Changes: Contribution fee is being increased to €30,000 for applicants owning property, and €60,000 for applicants renting property.

Let’s Look Again Why You Should Choose Malta to Obtain EU Residence

Malta’s Mediterranean charm is complemented by a robust economy, exceptional healthcare and a high standard of living. With the MPRP, you gain access to these benefits, alongside:

Permanent Residency: Settle in Malta indefinitely without the need to renew residency annually.
Schengen Freedom: Travel visa-free within the Schengen Zone.
Family Inclusivity: Include up to four generations in one application.
Property Investment Opportunities: Malta real estate offers an above average return on investment and is regarded as one of the top-performing real estate markets in the EU. Capital growth for the second quarter of 2023 was an astonishing 8.7%. Malta’s property market is very dynamic, offering excellent investment potential and capital appreciation. Here you can choose from luxury countryside villas to modern seafront apartments or ancient heritage homes and even palaces. Frank Salt Real Estate has a large variety of high-end properties that not only promise a beautiful Mediterranean lifestyle but are also sound financial investments with no concerns about wealth or inheritance tax. Want to see properties are on offer? Click here.
Fantastic Healthcare: Malta consistently list in the world’s top ten countries for its exceptional standard of health care.
Safety and Stability: Malta is one of the safest countries in the world and well-respected for its political and economic stability.

There is no Wealth Tax in Malta: One of Malta’s primary draws for high-net-worth individuals is its lack of a Wealth Tax. Unlike the UK’s impending tax plan, Malta does not impose taxes on worldwide assets simply for owning them.
Malta has no Inheritance Tax: Malta also lacks inheritance tax, unlike the UK, where inheritance tax rates can reach 40%. In Malta, only a 5% causa mortis duty applies, allowing you to pass on your wealth without excessive tax concerns. Frank Salt Real Estate can help you find properties that serve as ideal investments for future generations.
An unmatched lifestyle: Beyond tax advantages, Malta’s lifestyle is exceptional. With over 300 days of sunshine, stunning coastlines, a rich cultural heritage and excellent healthcare and education systems, Malta offers an ideal blend of work, relaxation and family life. Its strategic location also provides easy access to Europe, North Africa, and the Middle East and with its international airport at Luqa, major European destinations like Monaco, London, Paris, Barcelona, Munich and Rome are only a two-hour-plus flight away!

Eligibility Requirements for the MPRP

To qualify, applicants must meet these key criteria:

Nationality: Must be a non-EU, non-EEA and non-Swiss citizen and not from a sanctioned country.
Financial Stability: Demonstrate a net worth of at least €500,000, including a minimum of €150,000 in financial assets.
Clean Background: Pass a strict due diligence process, ensuring a clean criminal record.
Health Insurance: Hold valid health insurance covering medical needs across the EU.
Residency Exclusivity: Not participate in other Maltese residency or citizenship programmes.

Applications submitted before 31 December 2024 will remain under the current, more favourable terms.

How We at Frank Salt Real Estate Can Help You

If you are considering relocating to Malta, the Frank Salt Real Estate Group should be your go-to partner to make the transition effortlessly. We can find you the ideal home to buy or rent and even assist with obtaining Malta Permanent Residency or even Maltese citizenship! We specialise in anything related to the buying and selling of residential, commercial and rental properties and we also have divisions that deal with property management and home interior services. Frank Salt Real Estate was founded in 1969 and each year has helped countless foreign nationals to relocate to Malta. We provide access to other professional services such as insurance, relocation, immigration and taxation through our bespoke connections. Our reputation for getting things done has made us the trusted real estate and relocation partner for clients worldwide.

The Malta Permanent Residence Programme is already renowned for its comprehensive benefits and accessible entry requirements and applying before 1 January 2025 could save you tens of thousands of euros PLUS offer you and your family members more flexibility. Apply now to lock in the advantages before the new regulations take effect.