Malta Residency
Malta Global Residence Programme

The most important benefits of the Malta Global Residence Programme are:

  • very low taxation (foreign income tax exempt)
  • Schengen Visa with the residency permit of a member state of the European Union
  • low administration fees

The tax advantages:

  • The applicant does not have to pay tax on his/her worldwide income!
  • The applicant must pay at least EUR15,000 tax every year.
  • The applicant for the Malta Global Residence Programme has to pay tax for the foreign sourced income which has been remitted to Malta at a fixed rate of 15%. The applicant can claim double tax relief on such income.

The duration of the whole process is 2-3 month after the applicant gives us all the necessary documents.

Our representative in Malta is qualified as an “Authorised Registered Mandatory”, without this title it is strictly forbidden to offer residency solutions in Malta.

The new Maltese resident does not have to work from Malta, but of course it is possible. Still the new residents have to purchase or rent real estate in Malta or Gozo (in Gozo it is always cheaper) as long as he/she wants to have the benefits of the tax relief.

Requirements of the Malta Golden Residence Programme for individuals:

  • Must purchase a property in Malta or Gozo for a value of minimum EUR275,000. If the applicant buys the property in the island of Gozo or in the south of Malta the value reduced to EUR220,000 .
  • The applicant can also rent a property in Malta for at least EUR9600/year or in Gozo/south of Malta for EUR8750/year.
  • The property can not be shared, of course the family members can live there.
  • The applicant and his/her dependants has to have a health insurance which covers all of them for the whole EU.
  • The applicant has to be a fit and proper person, before the granting of the special tax status there will be an international due diligence process.
  • The applicant must speak English or Maltese.

When the applicant succeeded to have the the special tax residence status in Malta, there are obligations which the authorities will check every year:

  • Can not sell or can not stop the rent of the qualified property (but of course can change it).
  • Has to continue with the health insurance
  • The resident can not spend more than 183 days in any other jurisdiction.
  • Has to fill an annual declaration together with the annual tax return
  • There is a non refundable fee of EUR6000 , this amount must be paid when the application process starts.

Malta Residence Programme Rules 2014

The “Residence Program Rules” (RPR) have now substituted the former branch of HNWI, now having the same thresholds as the Global Residence Program. In terms of The Residence Programme Rules (RPR), citizens from the EU/ EEA/ Switzerland can apply for a special tax status in Malta subject to the satisfaction of certain conditions.

From the 8th of July, the HNWI Residence Program Rules (High Net Worth Individuals) have now amended to reflect the Global Residence Program threshold, both in terms of tax and real estate value.

Permanent Residence by Malta Residence Programme Rules 2014

The new Residence Programme Rules (RPR) are to be effective retrospectively from the July 2013. And the immigration authority not receives applications for the HNWI after the publication of the Residence Programme Rules. But the applicants granted a special tax status under the HNWI rules, can apply to be granted the special tax status under the Residence Programme Rules.

The value of the property that the applicant must purchase or buy is now equal with the property value of the Global Residence Program (for non-Eu, non-EEA and non-Swiss nationals) and is at least EUR275,000. If the property is in the south of Malt or in the island of Gozo, the minimum value can be EUR220,000. The previous value was EUR400,000. The annual rental value of the properties also have been lowered to EUR9,600 in Malta and EUR8,750 in the south of Malta and in Gozo. The previous rental value was EUR20,000.

In the new program the minimum payable tax is EUR15,000. The further income arising not in Malta but brought into the country is taxed at 15%. This is a significant decrease from the previous EUR20,000 plus EUR2,500 per dependant. On the other hand the minimum tax must be paid in advance each year and before the 30th of April.

The application can be submitted to the local tax authority only by an Authorised Registered Mandatory.

According to Maltatoday: “total of 320 professionals who have taken up residence in Malta are benefiting from a maximum tax rate of 15% on their €75,000-plus salaries”.

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