The Malta residence & Global Residence PRograms
Tax REsIdence | residence in Malta, and access to schengen area
The Special tax status granted by Malta’s The Residence Program (TRP) and The Global Residence Program (GRP), is administered by the Commissioner For Revenue
and regulated by Subsidiary Legislation 123.160, The Residence Programme Rules and 123.148, The Global Residence Programme Rules
Malta is a southern-European island country, with a population of circa 475,000. Its capital is Valletta, and the official languages spoken are Maltese and English, whilst Italian is also widely spoken. Malta adopted the euro as its official currency in 2008.
As one of the strongest, fastest growing economies of the European Union and the Eurozone, Malta repeatedly positions as one of the top relocation destinations in the world, given its employment, business and lifestyle opportunities. Malta’s economy is broadly diversified, from microchip production to financial services, from highly specialised currency printing to digital gaming, from tourism to blockchain or ‘Virtual Financial Assets’ related enterprises, with Malta being the first country in the world to regulate this sector.
The Malta Residence Program (for EU/EEA/ Swiss nationals), and the Malta Global Residence Program (rest of the world), grant a special tax residence in Malta, which allows individuals to pay 15% on income remitted to Malta, with a minimum annual tax payment of EUR 15,000. Any income generated in Malta, is then taxed at 35%.
Applicants can include their family as dependents, together with household staff, if applicable. Furthermore, once the tax status has been achieved, individuals can proceed to apply for an economic self-sufficiency residence status, which grants a residence status in Malta, and access to the Schengen area, without the need to apply for a visa.
A minimum annual tax payment of EUR 15,000;
Invest a minimum of EUR 220,000 in residential property
Rent a property for a minimum annual lease value of EUR 8,750
The main applicant may include spouse, children under 18 years of age, and household staff who are providing a service in the qualifying property. For Malta’s The Residence Program and the Malta Global Residence Program, the assistance of a tax advisor is strongly recommended.
Further to this, the amount of government-related administrative fees is approximately EUR 6,000. This means that the total capital outlay for a single applicant, would amount to approximately EUR 29,750 for the first year, including one year of rent for the minimum lease value, if choosing the property rental option, excluding any additional taxes, duties and service providers’ professional fees.
The CIVIQUO™ process starts by filling in our qualification questionnaire. The questionnaire is a simple online form which helps us to gather all your requirements, whilst ensuring that the essential criteria are met.
2. Receive Quotes
Our team will use the information you provide to find the best quotes in the market for you. Our growing international network of immigration professionals, means that we can provide the best quotes in the market, for any residency or citizenship programme, anywhere in the world.
We will send you the quotes and once you have identified a quote which best suits your needs, our team will reconfirm expectations on both sides, a client agreement is signed, and a deposit payment is made.
4. Application Process
Your chosen service provider, will work with you to start compiling the application. Our concierge-style support will ensure that the process of compiling the application is as smooth as possible.
Once an application has been submitted, the government authorities review the application and communicate the outcome. This period of time varies depending upon the programme, but it may be used to further explore what opportunities will become available once residency or citizenship are attained.
6. Renewal & Support
Some residency and citizenship programmes require compliance monitoring, and/or renewals, and together with our service providers, we will make sure that any renewals, or other interventions are done on time, and accurately. Even after this, the CIVIQUO™ team remains at your service.