Malta Global Residency Programme
The Malta Global Residency Program was launched in 2013 to incentivize foreign investment into the country in exchange for residency and a chance for citizenship
The Malta Global Residency Program was launched in 2013 to incentivize foreign investment into the country in exchange for residency and a chance for citizenship
Malta offers a unique opportunity for individuals seeking residency through investment, which not only provides a pathway to live in this beautiful Mediterranean island but also grants access to the Schengen region. This is particularly appealing for those who wish to travel freely across Europe. Additionally, Malta boasts an attractive flat tax rate for individuals renting properties, making it a financially viable option for many investors looking to relocate or establish a second home.
One of the most important Malta residency requirements is that the investor is not from the European Union, European Economic Area, or a Swiss national. While they have access to other residency programs in Malta, they cannot apply for the Malta Global Residency Programme.
Investors seeking to reside in Malta must have proof that they can provide a source of income in Malta as well as acquire health insurance. Residents do not have access to social services in Malta and must care for themselves until they acquire citizenship.
Applicants must be able to speak in English or Italian.
Applicants must reside in Malta for their residency visa to be eligible. They and their family can leave the country for no more than 183 days a year.
Investors are required to either purchase or rent a qualifying property in designated areas in Malta for residency.
Properties in the north of Malta must be at least EUR 9,600 per month while properties in the south and on the island of Gozo can be at least EUR 8,750.
Purchasing a property in the south of Malta or on the island of Gozo must be at least EUR 220,000 while purchasing a property in the north must be at least EUR 275,000.
Purchasing property also includes paying administrative fees and taxes depending on where the property is purchased.
The easiest way to ensure that your application process is straightforward is to partner with an experienced agent who can seamlessly guide you through the entire process. From due diligence to moving on to citizenship, Mirabello Consultancy is here to provide all necessary services.
Investors do not have to apply in person. Your agent will send all of your legal paperwork and documents to the Inland Revenue Department of Malta to be processed.
With Mirabello Consultancy, you can acquire your property without…
With proof of the required investment fulfilled, your family has to go to Malta to get fingerprinted.
With final approval, your family can pick up the permanent residency cards that have been issued to them in Malta. You will now have the freedom to reside in Malta and even apply for citizenship after one or three years.
Under the Malta Global Residency Program, residents pay a 35% income tax for income made inside Maltese jurisdiction and 15% on income made outside of Malta that is brought into Malta. Foreign earned income that stays outside Malta, is not taxed. However, capital gains made outside of Malta are not taxed when brought into the country. There is a minimum tax of EUR 15,000 to be paid every year to maintain the Malta Global Residency status.
Yes, any legal resident of Malta can travel the Schengen Area visa-free and border-free, only with his valid Maltese Residency Card and his Passport.