google-site-verification=GMM4H-nlZCiZcW4EOK1AFgvc2AQd3DEMk8thSmlOpJE Malta Residence Programme
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Malta Residence Programme

 

The Malta Residence Programme aims to attract EU/EEA nationals, as well as those hailing from Iceland, Norway, Liechtenstein or Switzerland, to relocate to Malta. Beneficiaries of the programme will enjoy all the benefits of permanent residence on the islands, including the very favourable tax rate for all foreign income remitted to Malta and the ample employment and business opportunities available locally. 

Eligibility Criteria

To qualify for the Malta Residence Programme, the applicant must hold a qualifying property in Malta, either by purchasing or renting, which they occupy as their principal place of residence worldwide. For properties in Gozo or in the south of Malta, they must hold a minimum purchase value of €220,000 or a minimum rental value of €8,750 per annum. For those situated in the rest of Malta, the purchased property should hold a minimum value of €275,000, while rentals should be valued at least €9,600 per annum.

 

Meanwhile, the applicant must prove they are fit and proper, have a stable and regular income sufficient to maintain both themselves and their dependents without the need of additional governmental support, that they have valid travel documents and comprehensive health insurance covering all named in the application, and the ability to communicate adequately in Maltese or English.

Beneficiaries of the programme will also need to pay a minimum tax of €15,000 annually, covering the beneficiary and his dependants, on income arising arises outside Malta and remitted in Malta.

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Fees

As well as the property requirements, applicants must pay a non-refundable administrative fee. Depending on the location of the qualifying property, the fee is €5,500 if it is in Gozo or the south of Malta, or €6,000 for the rest of the island.

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Tax Benefits

Beneficiaries of the Malta Residence Programme have the right to a favourable tax rate of 15 per cent on all foreign source income which is remitted to Malta, as well as benefitting from double taxation relief. Any other income, including that sourced locally, is subject to a flat rate of 35 per cent tax.

Credits - Malta Tourism Authority - Kost
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