The new Malta Permanent Residence Programme (MPRP) was first announced on 12 January 2021 by the Honourable Alex Muscat, Parliamentary Secretary for Citizenship and Communities, together with Mr Charles Mizzi, CEO of Residency Malta Agency and became law on 29 March 2021 by means of Legal Notice 121 of 2021.
The new programme replaces the outgoing Malta Residency and Visa Programme.
The new program provides two paths to obtain the status of a permanent resident:
The Rental option
An applicant taking this option would be required to rent residential property of a minimum annual rent of €10,000 in Gozo and the South of Malta, or €12,000 in the remaining parts of Malta, for a period of five years following the approval of the application.
The applicant would also be required to make a contribution of €58,000 to the Government of Malta and pay an administrative fee of €40,000 to the Agency, as well as a donation of €2,000 to an approved NGO.
The Purchase option
Alternatively, the applicant may opt to purchase residential property of a minimum value of €300,000 in Gozo or the South of Malta, or €350,000 in the remaining parts of Malta and to keep it for a period of five years following the approval of the application.
In this case, the applicant would be required to make a contribution of €28,000 to the Government of Malta and pay the administrative fee of €40,000 to the Agency along with the €2,000 donation to an approved NGO.
The new Regulations require the following payments:
Prospective applicants must satisfy the following criteria:
It should be noted that there is no longer a requirement to invest into government bonds and stock as required by the previous programme.
Corrieri Cilia is an accredited agent (licence number AKM-FORT-21) authorised to represent applicants under the Malta Permanent Residence Programme and other investment immigration programs in Malta.
We will be glad to advise you on your eligibility for MPRP and assist you with the application process. Our team can also handle the annual compliance formalities under the Programme as well as offer assistance with buying or renting qualifying property and applying for health insurance required by the Programme.