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Malta Raises MPRP Investment Thresholds and Fees · IMI Podcasts

• 0:00
  SPEAKER_00: Residency Malta will implement price increases and structural changes to the Malta Permanent Residency Program, referred to as MPRP, starting January 1, 2025, according to a circular it issued yesterday.
• 0:17
  SPEAKER_00: The government announced these changes to maintain the program's unique position in the residency by investment landscape.
• 0:26
  SPEAKER_00: The financial qualification criteria now offer investors two pathways.
• 0:31
  SPEAKER_00: Demonstrate€500,000 in total assets with€150,000 in liquid financial assets, or show€650,000 in total assets with a reduced€75,000 in financial assets.
• 0:50
  SPEAKER_00: Residency Malta has standardized property requirements across Malta and Gozo, eliminating previous regional pricing variations.
• 1:00
  SPEAKER_00: The minimum property purchase threshold increases to€375,000 nationwide, up from€350,000 in Malta and€300,000 in Gozo.
• 1:15
  SPEAKER_00: Annual rent requirements rise to 14,000 euros across both regions, marking increases of€2,000 and€4,000 from previous levels in Malta and Gozo, respectively.
• 1:30
  SPEAKER_00: Maine applicants will face increased costs as administration fees climb to€50,000 to a€10,000 increase.
• 1:39
  SPEAKER_00: Investors must pay 15,000 euros of the fee within one month of application submission and€35,000 within two months of receiving approval in principle.
• 1:53
  SPEAKER_00: The program now requires a€10,000 fee per dependent, including spouses, children, parents, and grandparents.
• 2:04
  SPEAKER_00: Dependents included at the application stage must pay the€5,000 administration fee within two months of approval in principle.
• 2:14
  SPEAKER_00: The€5,000 contribution follows within eight months of approval.
• 2:19
  SPEAKER_00: If a dependent joins after the government issues a residency certificate, investors must pay the non-refundable administration fee and contribution fee upon application submission.
• 2:32
  SPEAKER_00: Government contributions increase by€2,000 across both investment routes.
• 2:38
  SPEAKER_00: Applicants purchasing property now contribute€30,000, while those choosing rental properties must pay 60,000 euros.
• 2:48
  SPEAKER_00: The deadline for these contributions falls eight months after receiving approval in principle.
• 2:54
  SPEAKER_00: Malta has scrapped the NGO donation requirement of€2,000.
• 3:01
  SPEAKER_00: The government limited the age of unmarried, adult-dependent children to 29 years.
• 3:07
  SPEAKER_00: Residency Malta Agency emphasizes these changes aim to reflect current economic and market trends, while promising improved processing times without compromising due diligence standards.
• 3:22
  SPEAKER_00: The new regulations will take effect on January 1, 2025.
• 3:27
  SPEAKER_00: The government will continue processing existing applications under the current rules.
• 3:33
  SPEAKER_00: This episode first appeared as an article by Ahmad Abbas on IMIDaily.com.
• 3:41
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• 3:49
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