Residence in Malta

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March 30 14:38 2020 by The Editor Print This Article

Taking up residence in Malta need not be a daunting process.  Malta is very friendly to foreigners.  Tourism has been a long-standing pillar of the Maltese economy and over the years, successive Maltese governments have build Maltese Investment Migration as a strong pillar next to financial services.  Malta offers a number of Malta residence programmes to suit all profiles of international investors and globe trotters.

Global Residence Programme

This residence programme is the latest version of the Permanent Residence program aimed at attracting investment in Malta and providing an alternative residence in Europe.  With a lower minimum tax requirement and lower thresholds for buying or renting property, the 2013 Malta Global Residence Programme ensure's Malta's place at the top of world alternative residence destinations.

Malta Residence & Visa Programme

Malta's Golden visa is a Maltese residence by investment programme granting permanent residence in just 6 months.  Officially "the Malta Residence & Visa Programme" or MRVP, it grants investors and their families, including parents, grandparents and dependent children without age limitation, a permanent residence after a processing time of six to eight months. This allows new residents to enjoy full visa-free assess to all the 26 countries in the Schengen Area as well as Permanent Residency in Malta, with the right European Long Term Residence at the end of 5 years living in Malta.

Malta's Retirement Programme

EU pensioners and retirees, old and young entering the Malta's Retirement Programme are entitled to favourable tax treatment of their pensions on relocating to Malta and remitting their full pension, which must form the larger part of their income in Malta.  Subject to tax only on a remittance basis, other foreign sourced income is not within the scope of Maltese personal tax.

Permanent Residence Scheme

Since the 1960’s, Malta has tried to create an inflow of foreign exchange and to generate foreign income into the Maltese economy. For this reason, Malta has continued with its policy of attracting foreigners of a certain level of financial standing to settle in Malta under the Malta Permanent Residence Scheme:

Work Permits

In respect of nationals from non-EU countries, the Maltese Government maintains a stricter policy and Work Permits for foreigners are granted subject to stricter eligibility rules.