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Posted by admin on March 15, 2023

Malta Residence Permit

Malta Global Residence Programme for travelling Europe without visas

€30,000+

 Investment amount

90 out of 180 days

Visa-free stay in the Schengen Area

Licence

№ AKM‑IMIN

The Malta Global Residence Programme was launched in 2013. Investors rent or buy real estate and pay an administration fee to get a residence permit.

Spouses, children, siblings, parents and grandparents can also become Maltese residents with the investor.

The Malta residence permit allows a holder to live in the country, travel across the Schengen Area without visas and optimise taxes.

Investors aren’t obliged to live in Malta. However, they cannot spend more than 183 days a year in another country.

The programme terms stipulate that the investor becomes a Maltese tax resident and pays taxes at reduced rates.

The flat tax rate of 15% is charged on income earned abroad and transferred to Malta. The minimum tax due for a family is €15,000 per annum.

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Help with the choice

Second citizenship helps register a business abroad, open a corporate bank account, avoid currency control restrictions and expedite money transfers. Some jurisdictions also do not reveal beneficiaries’ personal data, protecting the investor’s privacy.

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FAQS

Frequently Asked Questions About Malta Residence Permit:

Adult investors with legal income, a valid health insurance policy and a certificate

of no criminal record are eligible to participate in the program. The applicant also needs to know English or Maltese at a conversational level.


The investor’s spouse, children under 25, parents, grandparents and siblings can get residence permits under the programme. All adult family members must be principally financially dependent on one of the spouses.


Citizens of the EU countries, Iceland, Norway, Switzerland and Liechtenstein, cannot participate in the Malta Global Residence Programme.

Yes, you do. The investor becomes a Maltese tax resident when getting a residence permit under the Malta Global Residence Programme.


A special tax regime applies to the programme participants. They pay taxes under the following rates:


  • 15% on the income earned abroad and transferred to Malta;
  • 0% on global income not transferred to Malta;
  • 35% on the income earned in Malta.

The minimum tax on the income earned abroad and transferred to Malta is €15,000 per


annum. There are no additional taxes for family members. Investors do not pay inheritance tax.

The investor fulfils two conditions: pay an administration fee and rent or buy a local property.


The standard administration fee is €6,000. It is reduced to €5,500 if the investor buys a property in the south of Malta or on the island of Gozo.


The minimum rental cost in the south of Malta and Gozo is €8,750 per annum. Alternatively, the investor can buy real estate there for €220,000. In other regions, the minimum rental cost is €9,600 per annum, and the minimum purchase price is €275,000.


The investor becomes a Maltese tax resident and pays taxes at reduced rates. The minimum tax on global income transferred to Malta is €15,000 per annum. Payment of taxes in Malta is a mandatory requirement for obtaining and renewing a residence permit.

It is only possible if the investor chooses to buy a property rather than rent it. However, the investor can sell the property and return the money if they give up the residence permit.

No, you can’t. The programme doesn’t allow renting out or subleasing the investment property.

No, you don’t have to live in Malta. However, you cannot spend more than 183 days a year in another country.

The first Malta residence permit is valid for a year, and the following ones are issued for two years each.

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