Malta's golden visa or the permanent residency by investment programme is about to undergo major changes. Investors looking to secure permanent residency in this Mediterranean island nation must pay close attention to the latest updates coming into effect from January 2025.
What is the Malta permanent residency programme?
The golden visa programme allows non-EU investors to obtain permanent residency by meeting specific investment criteria. It has been a popular route for individuals looking for a strategic base in the European Union. It helps that it comes with a second passport, lifestyle benefits, and potential tax advantages.
Upcoming changes to the requirements for obtaining permanent residency in Malta
Malta is implementing a raft of modifications to its residency by investment scheme. These changes will impact how investors can qualify for permanent residency and the associated costs. Let’s break it down.
(1) Investment threshold will increase
From January 2025, the minimum property investment will rise from €300,000 to €375,000. This applies to properties both in Malta and on the island of Gozo. The minimum rental cost will also increase from €10,000 to €14,000 on an annual basis.
(2) Capital requirements
Investors must now demonstrate capital of €650,000 (up from current €500,000), with at least €75,000 held in liquid financial assets. As of now, you are required to have €150,000+ in liquid convertible assets.
(3) Dependent eligibility changes
The programme is introducing more restrictive rules for rejoining with family members. Adult children can now only be included if they meet specific conditions:
Under 29 years of age
Unmarried
Principally dependent on the main applicant
(4) New fee structure
The new structure will see a jump in administrative fees associated with obtaining a permanent residency. The main applicant's fee will rise to €50,000 and payable in stages, with a new non-refundable fee of €5,000 for each dependent. Government fees for property purchases and rentals will also increase.
Can investors still obtain a Malta golden visa under the old conditions?
Yes, this can still happen during the transition period. Investors have a limited window to take advantage of the current conditions. Applications submitted before 31st December 2024 can still use the existing conditions. All supporting documentation must be submitted by 28th March 2025.
How we can help
International Wealth Ventures offers expert guidance on citizenship by investment programmes. Our team will help you every step of the way, including helping you understand every aspect of Malta's golden visa changes. Contact us today to secure your path to EU residency.