Malta’s new Permanent Residence Program (MPRP), which replaces the erstwhile Malta Residency Visa Program (MRVP), officially opened for applications yesterday following the publication of the relevant law last Friday.
The regulations now in effect have not changed materially from those IMI could exclusively reveal in January, the details of which you can read more about in our original article on the topic:
Going forward, the EUR 250,000 bond-investment requirement has been done away with in its entirety, while the real-estate investment minimums have increased to EUR 300,000 in the South of Malta and on Gozo and EUR 350,000 in the rest of the country, investments that must, in either case, be maintained for at least five years. No changes were made to minimum rental prices.