Malta Residence Programmes

 

Living in Malta

The Maltese government supports foreign citizenship through several citizenship programmes such as The Golden Visa Programme and the Individual Investor Programme. Benefits include indefinite residence in Malta and free access to European countries. The tax system is particularly advantageous to foreigners with residential status, as such individuals are not taxed on foreign-sourced capital gains and foreign-sourced income not remitted to Malta. 

Benefits of the current citizenship programmes include indefinite residence in Malta and free travel within the Schengen area. The Golden Visa Programme awards citizenship by investment for applicants and their dependents who are not EU/EEA nationals. Approved applicants must make a one-time contribution of €30,000 to the country and invest at least €250,000 within the island for at least 5 years. Applicants must also buy or rent a qualifying property, subject to specified minimum values. 

The Individual Investor Programme is open to overseas buyers who have held resident status in Malta for at least a year. A contribution must be made to the National Development & Social Fund of €650,000 with additional contributions per family member. The applicant must commit to reside in Malta for at least 5 years by purchasing property valued at not less than €350,000 or leasing property of at least €16,000 per annum. Additionally, applicants must invest €150,000 in government-approved instruments for at least 5 years.

The Global Residence Programme allows applicants to benefit from Maltese residence, and its favourable tax system.  As a Maltese Resident, the applicant will not be taxed on foreign-sourced income not remitted to Malta, nor on foreign-sourced capital gains (whether remitted to Malta or not). Remitted income is taxed at a flat rate of 15% for permanent residents of Malta. 

Global residents can benefit from Malta’s double taxation agreements with most EU countries, USA, Canada and Australia. Malta residents can receive their pensions in Malta subject to 15% tax, and not be taxed at source. Applicants are free to set up a business and/or work in Malta, where they are taxed at a flat rate of 35% on income arising in Malta.

Buying property in a foreign country can be a headache when you consider the different laws and regulations involved. Dhalia Real Estate Services can put your mind at rest by appointing tried and tested notaries and lawyers, professionals we have worked with for decades, selected for their impeccable reputation.