Current turnaround times for applicants stand at four to six months from the moment of submission. This, of course, depends on all documents being in order and presented as requested. The agency said the shortened waiting times are positive for applicants while not compromising on due diligence.
In addition to the MPRP, Malta has also announced a new Nomad Residence Permit last June to respond to the demand for short-stay residence for those that work remotely. The permit lasts for one year and is designed for those who work from home, are not location dependent, and want to work from Malta in the short or medium term.
COVID was a catalyst for remote working, propelling it to be the new norm instead of an exception. The Agency has been quick to respond to this demand and rolled out the new programme, much to the appreciation of applicants.
In the works for the near future is a programme for third-country nationals who want to start a business in Malta and reside there. The Startup Residence Programme will entice entrepreneurs who wish to base themselves and their startups in Malta. This will not only keep business owners happy, but it will seek to attract more innovation to the island, thus strengthening its economy.