Malta Announces Major Reforms to its Permanent Residence Programme (MPRP): Lower Costs & Greater Flexibility for Families

Malta has just introduced a series of significant reforms to its Malta Permanent Residence Programme (MPRP). These changes are designed to make the programme more accessible and family-friendly, while simultaneously offering greater flexibility for property investors. The new rules reflect Malta's commitment to staying competitive within the tightening EU investment migration landscape.

Key Reforms to the MPRP

The latest updates introduce several investor-friendly changes, from lower entry costs for families to more flexible property regulations. These reforms are expected to boost demand, particularly among young families seeking stability and access to the EU.

Lower Investment Threshold for Families

In a major move to attract more families, a newly reduced package has been introduced.

• Families with children under 18 can now apply with a total cost of €97,000, excluding property fees.

• This significant reduction positions Malta as one of the most competitive options in the European Union for family-based permanent residency.

Immediate Issuance of a Temporary Residence Card

The application process has been streamlined to make relocation smoother for applicants.

• Applicants will now be issued a temporary residence card immediately after the application process begins.

• This allows them to reside legally in Malta while the final processing is completed, eliminating previous delays.

New Rights for Property Owners and Renters

Two key changes have been introduced to the property requirements, creating more value for investors (note: official guidelines are still to be issued).

• For Property Buyers: Applicants who purchase a qualifying property will now be permitted to rent it out. This unlocks the potential for a return on investment during the mandatory five-year holding period.

• For Property Renters: Applicants who choose to rent a property as part of their application will be allowed to sub-lease it after five years. This adds a layer of long-term flexibility and value.

Extended Benefits to Existing Applicants

In a welcome development, these new reforms are applicable retroactively. The new rules will apply to all applications submitted after 1st January, 2025.

What This Means for Investors

These reforms signal Malta's proactive approach to enhancing its investment appeal. The combination of lower entry costs, streamlined residence issuance, and more investor-friendly property rules is set to make the MPRP an even more attractive proposition for those seeking EU access and a high quality of life.