Malta's Global Residence Programme applies to individuals who are not long-term residents of Malta and who are not EU, EEA or Swiss nationals. Individuals may apply for a special tax status and qualify for the following:
- a flat rate of 15% (subject to a minimum tax of 15,000 per annum) from foreign sourced income which is remitted to Malta;
- no tax on capital gains outside Malta;
- 35% tax on any other income arising in Malta;
- possibility of claiming double tax relief on the foreign income remitted to Malta.
The applicant must own/rent a qualifying property which is occupied as the principal place of residence worldwide.
- The value of the owned property must be no less than 275,000, or no less than 220,000 if situated in the South of Malta or in Gozo.
- The annual rent on rented property must be no less than 9,600, or no less than 8,750 if situated in the South of Malta or Gozo.
- The owned/rented property may only be used by the beneficiary and any dependents and cannot be sublet.
- The individual must be in receipt of stable and regular resources that are sufficient to maintain oneself and any dependents without recourse to the social assistance system in Malta.
- The individual must hold a valid travel document.
- The individual must hold a sickness insurance covering oneself and any dependents.
- The individual must not reside in any other jurisdiction for more than 183 days in a calendar year.
- An applicant must be a fit and proper person.
- The individual must be able to communicate adequately in English and/or Maltese.
Persons benefitting from the special tax status and their dependents may reside freely in Malta.
Applications should be submitted through an Authorised Registered Mandatory such as WH Partners. A non-refundable administration fee of 6,000 will apply, or of 5,500 if an individual is in current ownership of a property in the South of Malta.