MALTA GLOBAL RESIDENCY PROGRAM A RESIDENCY PERMIT AND SPECIAL TAX STATUS
The Republic of Malta is located at the heart of the Mediterranean and has been a member of the European Union since 2004 and of the Schengen area since 2007.
Thanks to Malta’s political stability, its economic growth exceeds that of many other European countries. All this makes Malta an attractive country for obtaining residency.
The main advantage is that you get a special tax status that means you pay no taxes on foreign income and are covered by a large number of agreements to avoid double taxation, and you can also retain
this status without having to stay in Malta for a particular period of time.
Advantages of Malta Global Residency Program (MGRP)
- Residency in Malta – A Maltese residency gives you the ability to not only live year-round in Malta, but you can also move around other Schengen countries visa-free
- Special tax status – Tax residency with no taxes on foreign profit, retaining that status without any need to stay in Malta for any specific period of time, and the ability to pass your status down to heirs
- No double taxation – Malta has concluded agreements with most countries in the world to avoid double taxation
- No requirement to live in Malta for a particular period of time – To maintain your residency and special tax status, you are not required to live in Malta for a particular period of time, but your time spent in any one other country should not exceed 183 days in a year
The most convenient tax residency in Europe without any requirement to live in the country for a specific amount of time.
Special tax status
- No taxes on foreign income
- You are shielded from double taxation
- €15,000 – is the amount of annual minimum tax
Conditions for participating in the MGRP
- The applicant must not be a citizen of Switzerland or an EU or EEC member country
- You must have real estate in Malta or ownership of a property worth from EUR 220,000 – 275,000
- Property rented at a price of at least EUR 8,750 / 9,600 per year
- A continual and stable income
- A minimum command of one of Malta’s official languages (English, Maltese)
- Meeting requirements for trustworthiness
- A health insurance policy
- An application can be submitted only through a registered and accredited agent
- You may not receive citizenship of Malta, an EU or EEC member country, or Switzerland
- You must continually maintain real estate (under your own ownership or a rental agreement)
- You may not become a permanent resident of Malta
- You may not stay in any one other country for more than 183 days in a year
- You must submit a tax return annually