Malta Citizenship and Residency Programs
- High Net Worth Individuals Program
- Malta Retirement Program
- Highly Qualified Persons Rules (HQP)
- Global Residence Program (GRP)
- Individual Investors Program (IIP)
- Malta Residence & Visa Program (MRVP)
High Net Worth Individuals Program
This is a residence program which appeals to nationals of the European Union (EU) and the European Economic Area (EEA) including Norway, Iceland, Switzerland and Liechtenstein.
Income earned from investments made outside of Malta is subject to a 15% flat rate tax. HNWIs are eligible for Malta double taxation treaty relief. This means that Malta’s double tax agreements (or DTAs) with other countries is aimed to avoid double taxation. Tax treaties tend to reduce taxes of one treaty country for residents of the other treaty country to reduce double taxation of the same income.
Highly Qualified Persons Rules (HQP)
The Highly Qualified Persons Rules (HQP) is a program that allows employees engaged by licensed / recognised operators in the financial services, remote gaming and aviation sectors to benefit from a flat rate of 15% tax on employment income derived in respect of work or duties carried out in Malta (or in respect of any period spent outside Malta in connection with such work or duties).
The applicant must directly or indirectly acquire real estate rights over immovable property situated in Malta or must hold a beneficial interest directly or indirectly consisting of inter alia of real rights over immovable property situated in Malta.
Global Residence Program (GRP)
Those qualified to benefit from the Global Residence Program (GRP) will be issued with a residence permit entitling them to reside in Malta and travel freely within the Schengen area without the need of applying for additional visas. They will also benefit from a reduced fixed tax rate of 15% on all foreign sourced income that is remitted to Malta. One must of course take the eligibility criteria into consideration. An individual shall therefore be entitled to apply for special tax status under the program. Property conditions must also be adhered to as follows:
Qualifying Property; The main applicant purchase an immovable property in Malta for a minimum value of € 275,000 (or in Gozo or the south of Malta for a value of not less than €220,000); or
Property Leasing; Lease an immovable property in Malta for not less than € 9,600 per annum, (or in Gozo or the south of Malta for an annual rent of not less than € 8750). The qualifying property must be retained and not shared with any persons not listed as a dependent on the certificate.
Malta Retirement Program
The Malta Retirement Program (MRP) is a residency scheme designed to attract nationals of the EU, EEA and Switzerland to retire in Malta. This residency scheme is open to eligible applicants as long as the following criteria is satisfied:
- Applicants must not be employed by any organisation, however may take part in activities related to any institution, trust or foundation in Malta.
- Applicants must receive a pension as their source of income that makes up at least 75% of their taxable income and which is received in Malta.
- Eligible applicants must purchase a property in Malta for a minimum of €275,000 or a minimum of €250,000 in Gozo. In the case of a lease agreement, the value of the property must have an annual rent of €9,600 in Malta or €8,750 in Gozo.
- The applicant is required to submit a police conduct certificate to ensure that person is of good conduct and reputable status.
- Applicants must have medical insurance, must not be a beneficiary of any other tax program or scheme in Malta and must not be domiciled in Malta.
- The application fee for this scheme is €2,500 per application.