Recently, the long-awaited new policy for the Malta Permanent Residence Program (MPRP) has officially been announced! According to Malta Legal Notice No. 121 of 2021, the Maltese government has officially released the 'Malta Permanent Residence Regulations'. This regulation states that investors can obtain permanent residence status in Malta by investing through the Malta Permanent Residence Program.
1. Regarding investment methods
The new policy eliminates the previous government bond investment method, replacing it with 'Government Donation + Charitable Donation + Property Investment', with a lower overall investment starting from €60,000. By completing the corresponding property rental/investment, the whole family across four generations can apply for permanent residence status in Malta, making the process simpler and faster, significantly benefiting investors.
2. Regarding application criteria
The new policy requires investors to provide proof of assets amounting to at least €500,000, of which at least €150,000 must be in financial assets. Compared to the previous asset proof requirements (requiring an annual income exceeding €100,000 or fixed assets over €500,000, and having no less than €250,000 in liquid funds), the new policy for the Malta Permanent Residence Program further reduces the asset proof requirements for applicants, making it more accessible.
3. Regarding the application process
The new policy sets clear time limits and strictly adheres to timelines for approvals, thereby reducing the processing time for immigration applications to a certain extent, which is undoubtedly a significant advantage for investors.
4. Regarding the identity attributes
The new policy clearly states that the identity papers issued by the Maltese Identity Agency allow applicants and their dependents to reside and live in Malta indefinitely, which further clarifies the permanent status of Maltese identity through legislation.
Malta, the “heart of the Mediterranean,” has always been favored by investors since the launch of its investment immigration program, receiving a steady stream of applications from investors around the globe. Now, with the official announcement and implementation of the new policy for the Malta Permanent Residence Program, its simplified application criteria, easier procedures, and lower investment amounts will encourage even greater interest from investors. Investors interested in immigrating to Malta are advised to seize the benefits of the new policy's bonus period, apply early, and benefit sooner!
The WorldWay Group, a top 500 brand in Asia, has been focusing on investment immigration for over 20 years. As an active promoter of European investment immigration programs, it has maintained good interaction with the Maltese government over the years, making it an excellent choice for your Malta immigration processing. For more details, please call the WorldWay Group service hotline, Mainland China: 400-138-2929 Hong Kong: (852) 2802 8798.
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