The Global Residence Program in Malta offers special tax status to third-country nationals except for Swiss and EEA nationals. The individuals who want to apply for this program must satisfy certain criteria such as renting or buying a property in Malta and must pay minimum annual tax liability on their foreign income received in Malta.
Get in touch with our immigration lawyers in Malta, as this country is in the Schengen area, so our lawyers will guide you properly regarding the regulations to implement depending upon your nationality as the requirements for Malta immigration vary for EEA/Swiss and third-country citizens.
Special tax status in Malta for third-country nationals
Please bear in mind, Malta offers special tax status only to third-country nationals, but EEA or Swiss citizens do not qualify for this program. To maintain one’s special tax status, a beneficiary is required to retain qualifying property in Malta, Gozo, or South Malta. The applicant needs to adhere to all special reporting notifications and obligations. He/she must not stay in any other jurisdiction for more than 183 days and retain the necessary insurance. The application for special tax status must be made to the Government of Malta through a Maltese Authorized Registered Mandatory. That Registered Mandatory will handle and submit applications for residence permits under the various residence programs available under Maltese law.
If you are a third-country national and you need assistance to immigrate to Malta, you can get legal help from our consultants. They will help you if you have any questions regarding special tax status in Malta.
Malta Global Residence Program does not have any application fee for an EEA and Swiss national or their family members. But if the applicant lost the possession of residence document or had it defaced, then he/she will have to pay a fee as follows:
- EUR20 for a lost, destroyed or stolen document;
- EUR15 for a defaced document;
- long-term residents need to pay the fee for a 5-year permit, about EUR125 upon application;
- non-EU nationals have to pay a fee of EUR25. This fee will entitle the applicant to a document covering one year;
- you are exempted from the application fee if you are married to a Maltese national / enjoy Exempt Person Status;
- you are also exempted from the application fee if you have just been released from detention and enjoy International Protection.
You can obtain Malta visa by relying on the legal services of our immigration lawyers in Malta. They will also guide you regarding Malta Global Residence Program.
Eligibility criteria for Malta Global Residence Program
If you want to get qualified for Malta Global Residence Program, you must:
- not be a Maltese, Swiss or an EEA national;
- have valid travel documents;
- be a fit and healthy person;
- be able to communicate in either one of Malta’s official languages (Maltese or English);
- not benefit under any other Malta Special Tax Status;
- have sickness insurance in respect of all risks across the whole EU;
- have records of regular and stable resources, which are sufficient to meet applicants and his/her dependent’s finances;
- possess qualifying property, which means a property situated either in Gozo or the South of Malta for a value of EUR220,000 or in Malta for a value of EUR275,000.
If you have any ambiguities left related to Malta Global Residence Program, you can trust the services of our consultants. Their experience in this field will help you to relocate to Malta in a swift way.
The applicant must pay a non-refundable one-off registration fee of EUR6,000 upon applying. However, if the qualifying property is situated in the South of Malta, the fee would be reduced to EUR5,500.
Tax in Malta
The government of Malta launched its Malta Global Residence Program in 2013. The participants of this program need to pay a minimum annual tax of EUR15,000. Those individuals who qualify for Malta Global Residence Program can optimize their tax burden by paying a 15% income tax on their revenues generated outside the territory of Malta.
Contact our immigration lawyers if you are interested in the Global Residence Program offered by Malta. Besides special tax status, you will also get an opportunity to explore the Schengen area.