Malta’s new Permanent Residence Program (MPRP) is officially open for applications, following the publication of the relevant law on Friday.
The new regulations would, at once, both make the MRVP more economical for the applicant and more profitable for the government of Malta.
See requirements and forms, procedures, the code of conduct, the licensing requirements, the policy handbook, and analysis of the MEIN here.
On the whole, reactions to the MIIP’s changes were positive, though the doubling of the property investment minimum has raised some eyebrows.
It remains to be seen whether the new rules will be ready in time to prevent a gap between the first and second versions of the MIIP.
As professional advisors everywhere fall over themselves to get face-time with UHNWIs, Malta, Cyprus, and the EU itself are playing catch-and-release.
