Malta
Residence & Visa Programme Residencies Plan of Malta (Europe)
Residence & Visa Programme
To be eligible for the program you must not hold a residency permit in Malta under another Programme (except the Global Residence Programme).
You must have an annual income of at least €100,000 accrued outside Malta or have capital of at least €500,000.
You will be required to purchase a residential property with a value of at least €320,000, if located in Malta, or €270,000 if located in Gozo or in the South of Malta. Property must be held for at least 5 years and cannot be leased to a third party.
Alternatively, instead of property purchase, you may rent a property in Malta, with a minimum annual rent of €12,000, if in Malta, or €10,000 if in Gozo or in South of Malta.
In addition, you must make an investment of €250,000 in non-interest Maltese Government Bonds, returnable after 5 years, and a ‘one-time’ financial contribution of €30,000 to the Government of Malta (The non-refundable €5,500 application fee constitutes part payment of this financial contribution, see fees below).
Requirements
- At least 18 years of age.
- Not to be national of EU/EEA/Switzerland.
- In each five-year period, you must spend six consecutive months outside Malta or an aggregate period of 10 months over the whole period.
- Possess comprehensive health insurance.
- Clean criminal record.
- Not to be a potential threat to Malta's national security, public policy or public health.
- Not deemed to be against the public interest.
Restricted Nationalities
Afghanistan, Iran, North Korea, European Economic Area
dual citizenship
Dual citizenship is recognized in Malta. You are not required to renounce your previous nationality to become a citizen of Malta.
Documents Required
- Evidence of Health Insurance
- Original Police Clearance Certificate
- Original Bank Reference Letter (Not older than 6 month)
- Medical Certificate
- Undertaking to purchase property
- Undertaking to rent property
- Undertaking to remit total contribution
- Affidavit of support for Dependents
- Certified copy of passport
- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Six passport-size photos
- Statement of Source of Funds
- dual citizenship Yes
- Family members included Yes
- land ownership Yes
- Physical residence required No
- Personal visit required No
- Language skills required No
- Interview required No
- Investment Single €250,000
- Investment Family 4 €250,000
- Minimum annual income €100,000
- Time to citizenship 60
- Time to permanent residency
- Visa-free countries 167
- Financing available No
Malta
The Republic of Malta is a densely-populated archipelago, located in the center of the Mediterranean, to the south of Italy, east of Tunisia and north of Libya. Malta is a former British colony, and currently a member of the European Union, the Schengen Area and the Commonwealth. It has about half million inhabitants. Its capital is Valletta, although its most populated urban center is Birkirkara, with over 22,000 inhabitants. Its official languages are Maltese and English. Since 2008 its legal tender currency is the Euro.
- National Flag of:Malta
- Currency:EUR
- Area Code:356
- Capital:Valletta
- Continent:Europe
- Native Languages:Maltese, English
- Population:403,000
BENIFITS
With your new passport from Malta you'll be able to access 167 countries visa free
citizenship benefits Visa-free access to the United States Become an EU citizen with the right to live work do business invest own property and access to healthcare and education benefits throughout the European Union Become a citizen of a Commonwealth country Passport with optimal reputation Get one of the most valuable passport worldwide Access to high quality healthcare and education system Visa-free or Visa on arrival to 167 countries including United States Schengen Area United Kingdom permanent residency benefits Peaceful democratic and politically stable country Travel visa-free across the European Union Low tax jurisdiction High quality of life Well-connected airport The right to live and work in Malta without any time limit Be eventually eligible for citizenship Business-friendly policies Low crime rate country English speaking country Warm climate Territorial tax systemFEES
ITEM | AMOUNT |
---|---|
government fees main applicant | €5 |
500 (non-refundable advance payment on government contribution) | |
total fees main applicant | €5 |
500 (non-refundable advance payment on government contribution) |
TAXES
Malta levies personal income taxes on a residence and domicile basis. An individual is deemed to be a tax resident if he or she spends more than half year in the country, and is deemed to be domiciled in Malta if their permanent home is in Malta. Becoming a Maltese citizen does not automatically make you a tax resident or deemed to be domiciled in Malta.
Maltese ordinarily resident and domiciled in Malta are subject to personal income tax on their worldwide income and capital gains.
Maltese ordinarily resident and not domiciled in Malta are taxed on their income and capital gains arising in Malta and on income arising outside Malta that is remitted to Malta.
This means that if you are a Maltese resident non-domiciled (permanent home) in Malta, only your Maltese-source income and capital gains and your income remitted to Malta may be subject to tax. Foreign-source income not remitted and capital gains (remitted or not) may be tax-exempt.
Non-residents are only taxed on their income and capital gains from Malta.
Personal income tax rates are progressive from 0% to 30%. Capital Gains are taxable income. However, gains from the disposal of immovable property are taxed at lower rates of 8%, 10% or 12% depending on the circumstances. Property purchased under the citizenship by investment program can be sold tax-exempt after the mandatory 5-year period, provided that the property is held for a period of 3 years as the owner’s ordinary residence.
In Malta, there are no inheritance, real property, net wealth and municipal taxes. There is a stamp duty applied on certain transfers such as real property or securities. Value-added tax is 18%.
Malta is the jurisdiction chosen by many international companies and holding companies, to establish their headquarters and do business in the European Union.
As of December 2018, Malta enacted the EU ATAD rules, which include a rule on Controlled Foreign Companies (CFCs) for the first time.
Although its standard corporate tax rate is 35 percent, in practice there is a system of tax credits and refunds for shareholders reducing to effective tax rates of between 0 and 10 percent. Learn more about Malta’s Corporate Taxation, Legal Framework and tax treaties at incorporations.io/malta.
TAX ITEM | DESCRIPTION |
---|---|
Property tax | No |
Transfer tax | No |
Inheritance tax | No |
Net worth tax | No |
CFC law | No |
Tax residency days | 183 |
Personal income tax rate | 30% |
Capital Gains tax rate | 12% |
Investment income tax rate | 15% |
Territorial taxation | Yes |
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