Amendments to the MPRP and MRVP Regulations

Amendments have been implemented to the legislation earlier this month by L.N.57 of 2024, amending the Malta Permanent Residence Programme Regulations (MPRP) and L.N. 56 of 2024, amending the Malta Residence and Visa Programme Regulations (MRVP).

The objective of these amendments is to clarify a number of matters for the better implementation of both programmes.  The main amendments from these two legal notices are:

Malta Permanent Residence Programme (MPRP)

1. Additional dependants can be exempted from the provision of a health insurance if they do not apply for a residence card;
2. Residency Malta has the right to stop the benefits of a certificate while conducting an investigation;
3. The Agency can exchange information with other authorities empowered to request information.

Malta Residence and Visa Programme (MRVP)

1. Residency Malta can withdraw/withhold residency cards if the dependants are not in possession of a health insurance policy;
2. The Agency has the discretion to extend any time limit, upon good cause being shown, for applications concluded after the cut-off day.

The Malta Residence and Visa Programme (MRVP) was replaced by the Malta Permanent Residence Programme (MPRP) in March 2021, however, the Agency has maintained its monitoring and compliance function, by conducting checks on beneficiaries, according to law. Moreover, beneficiaries are still able to benefit from the programme if they need to add more dependants after the issuance of a Residency Certificate.

The Malta Permanent Residence Programme (MPRP) is a residency-by-investment programme based on investments in property and government contributions, designed to attract non-EU nationals who wish to obtain permanent residency in Malta.

Benefits:

1. the right to settle, stay and reside permanently in Malta;
2. enjoy Visa-free travel across Schengen;
3. penetrate Malta’s affordable real estate market;
4. may include up to four generations in an application.

Eligibility and Requirements:

1. be third country nationals, non-EU, non-EEA and non-Swiss;
2. not hail from sanctioned countries, as announced from time to time by the Agency;
3. not benefit under other pertinent regulations and schemes;
4. be in receipt of stable and regular financial resources, sufficient to maintain themselves and their dependants, without recourse to the social assistance system of Malta;
5. show they have capital assets of not less than €500,000, out of which a minimum of €150,000 must be financial assets;
6. be fit-and-proper individuals and have a clean criminal record;
7. not pose any potential threat to the national security, public policy, public health or public interest.