The Residence Programme

The Residence Programme is essentially a tax driven programme that is aimed to attract investment from EU, EEA or Switzerland nationals who are not permanent residents of Malta. Upon the fulfilment of specific criteria, high net worth individuals with regular and stable income (also including pension income), may benefit from a flat tax rate of 15% on foreign source income remitted to Malta, subject to an annual minimum tax of €15,000 for an entire family. It also offers permanent residence whereby investors and their economically dependent family members, may enjoy residing and settling down in Malta.

Benefits

  • Flat 15% Tax rate
  • English Speaking
  • No minimum stay
  • Family eligible

Investment Value

Investment under the The Residence Programme differs from other programmes since the initial investment is relatively reasonable coupled with an annual minimum tax. The initial investment comprises an investment in property for a minimum value of €220,000 or alternatively rent for at least €8,750 on a yearly basis. Furthermore, a non-refundable application fee of €6,000 is applicable as well as global health insurance coverage for all applicants. On an annual basis, one is required to pay a minimum tax of €15,000, maintain the property and health insurance, and not reside in any other single jurisdiction for 183 days or more.

Procedure & Timeline

1
2
3
4
5
6
7
8

1 MONTH

File preparation and submission. Purchase health insurance. Payment of non-refundable EUR6,000 application fee.

3 - 4 MONTHS

Application is reviewed by the local authorities

Interview in Malta

1 WEEK

Letter of Intent issued by the local authorities

1 WEEK UP TO 1 YEAR

  1. Purchase (€220,000 minimum) or rent (€8,750 minimum) qualifying property
  2. Settle minimum tax payment of €15,000 for first year

1 WEEK

Letter of Approval issued by the local authorities

 

1 WEEK

Residence card application preparation and submission

6 - 8 WEEKS

Residence card is issued by the local authorities

Request Consultation

Should you wish to set up a consultation appointment fill in the form below and we’ll get back to you.