Recent Updates to the Malta Permanent Residency Program

The Malta Permanent Residency Program (MPRP) has long been recognized as one of the most optimal residency programs for investors, especially due to its competitive costs, simple conditions, and attractive benefits. However, starting from January 1, 2025, the program will implement significant changes, sparking new interest from the global investment community, including Vietnam.

Highlights of the MPRP Malta, a small island nation in Europe, is not only an ideal place to settle due to its top-notch healthcare and education systems but also because of its preferential tax policies and easy access to other EU countries. With the MPRP, investors and their families will enjoy permanent residency here along with unlimited business and travel opportunities.

Key Changes in the MPRP The new MPRP regulations include:

1. Financial Requirements:

   • Investors can choose one of two financial thresholds:
     • Total assets of €500,000, with at least €150,000 in liquid assets.
     • Or total assets of €650,000, with €75,000 in liquid assets.

2. Real Estate Requirements:

   • Property purchase: The minimum threshold increased to €375,000 nationwide, regardless of whether it’s in Malta or Gozo.
   • Property rental: The minimum requirement increased to €14,000/year, higher than the previous level by €2,000 in Malta and €4,000 in Gozo.

3. Administrative Fees:

   • Administrative fees increased to €50,000, payable in two installments:
     • €15,000 within 1 month of submitting the application.
     • €35,000 within 2 months of receiving initial approval.

4. Government Contribution:

   • Investors need to contribute:
     • €30,000 if purchasing property.
     • €60,000 if choosing the rental option.
     • Both options have increased by €2,000 compared to the previous level.

5. Donation to Non-Governmental Organizations:

   • A fixed contribution of €2,000 to non-governmental organizations remains unchanged.

6. Dependent Fees:

   • €10,000 for each dependent (including spouse, children, parents, grandparents).
   • Each person needs to pay an additional €5,000 administrative fee and €5,000 contribution, payable within 8 months of approval.

7. Age Limit for Children:

   • Single and financially dependent children must be under 29 years old at the time of application.

Significance of the Changes for Vietnamese Investors These changes not only reflect global economic trends but also ensure the quality of program participants. With more reasonable costs compared to many other countries, the MPRP still maintains its position as a top choice for Vietnamese investors. However, to take advantage of the old regulations, investors need to complete their applications before January 1, 2025. If you are seeking a residency program that offers optimal costs, business expansion opportunities, and a secure future for your family, the Malta Permanent Residency Program (MPRP) is the ideal choice. With permanent residency in an EU member state, the MPRP not only opens doors to access to top-notch European education and healthcare systems but also provides a superior quality of life in a beautiful island nation.

To make your residency journey easier and more efficient, Portico and Bridge is a leading trusted partner in Vietnam. With extensive experience in consulting on Malta residency, our team of experts is proud to have helped hundreds of Vietnamese families realize their dream of living in Europe. Contact us today to start your journey and receive comprehensive advice and support.