On November 19, 2024, the Malta Identity Agency suddenly issued an official announcement, comprehensively revising the current Malta Permanent Residence Program (MPRP), which will officially take effect on January 1, 2025!
Changes in Application Requirements
1. Asset proof for the main applicant
The value of assets must not be less than €500,000, of which at least €150,000 must be in financial assets; or the value of assets must not be less than €650,000, of which at least €75,000 must be in financial assets.
2. If the main applicant or their spouse's adult children are over 18 years old but under 29 years old at the time of application, unmarried, and primarily dependent on the main applicant, they qualify as dependents. This change does not apply to adult children who are already qualified under the definition of "dependents" in clause (e).
Eligible Properties (First Five Years)
1. Property Purchase: The minimum purchase value for properties in Malta or Gozo must reach €375,000.
2. Property Rental: The minimum annual rent for properties in Malta or Gozo must be €14,000.
The recent policy modification in Malta significantly raises the threshold, aiming to ensure that applicants possess appropriate economic conditions and contribute to Malta, while also ensuring compliance and transparency in the application process. We remind applicants that those who have already submitted their applications will not be affected by the new policy; those who have not yet submitted their applications can lock in the old policy by submitting the relevant materials before December 31, 2024.
Currently, the tightening of immigration policies in many European countries is a prevailing trend, with European immigration programs experiencing price increases or closures one after another. Observing the current global immigration trends, it is evident that sudden changes in immigration policies can occur at any time. Therefore, the best time to immigrate is always now; seizing existing policies is the smart approach. Early planning and action will benefit the whole family! Investors interested in Malta should act quickly! For applicants, the current tightening of policies means that there is not much time left to get on board. The opportunity to immigrate to the EU through the Malta Permanent Residence Program with low thresholds for the whole family should not be missed!
Malta is one of the few "Quadruple A Countries" in the world—members of the European Union, Schengen Area, Eurozone, and Commonwealth. With a comprehensive social welfare system, a stable macroeconomic environment, an excellent investment environment, a rich talent pool, a common language environment, a thriving business background, and a high quality of life, Malta has become a preferred choice for global investors and a favored destination for identity planners. For investors wishing to immigrate to Europe, applicants only need to invest from €60,000 to immigrate to Malta with four generations of their family, obtaining permanent residency in Malta in one step! This program has no requirements for language, education, or business background, with simplified application conditions, easy operations, and low investment amounts. Additionally, children can enroll in mainland prestigious schools with lower scores as overseas Chinese students, and the whole family can enjoy high-quality medical care, pension, and various benefits in Europe, making it a win-win situation—early action leads to early benefits!
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