Malta Global Residence Program

In the heart of the Mediterranean Sea

Malta Global Residence Program

In the heart of the Mediterranean Sea

About the Malta Global Residence Program

Malta Global Residence Program:

The Malta Global Residence Program (GRP) is designed to attract individuals who are not nationals of the EU, EEA, or Switzerland and who are not long-term residents. Individuals benefiting from this Programme can work or set up a business in Malta as long as they have all the necessary permits. Beneficiaries may also have Household staff, as long as all the requisite procedures are met.

Under the GRP law, non-domiciled residents of Malta enjoy a flat rate of 15% on foreign source income. Malta has double tax treaties with over 60 countries, including most European countries, Canada, the USA, and Australia, ensuring that tax is not paid twice on the same income.

The program requires applicants to purchase property in Malta for a minimum of €220,000 or rent a property for five years, for a minimum of €8,750 annually.

In order to be considered Maltese tax residents, the applicants cannot spend more than 183 days in any other jurisdiction annually.

Malta:

Malta is the smallest EU country in size and population. Nonetheless, Malta has a substantial historical and cultural legacy spanning over 7,000 years. Malta is a neutral country in the heart of the Mediterranean Sea, which is well-respected and is a member of the Commonwealth. Malta has one of the fastest-growing economies in Europe and it has top GDP growth ratings in the EU. Malta is truly a unique and exciting place to do business, offering favourable legislation and a competitive tax system.

* Licence Number: AKM-AGEN-21

Start Registration

Benefits of Malta Global Residence Program

Reside in Malta. Visa-free travel within Schengen zone

No minimum presence in Malta required

Remittance basis of taxation with 15% flat rate

3-4 months to residence acquisition

Minimum fee required

Work permit/ set up of business in Malta is permitted

Cost of Obtaining Malta GRP

The following financial obligations have to be met to get Malta residence permit under GRP:

Registration Fee: €5,500 – €6,000 (Government of Malta) Annual Minimum Tax: €15,000 (covers only the first €100k of income remitted to Malta) Qualifying Property rent: minimum €8,750 (Gozo/the Southern region of Malta) – €9,600 Or Qualifying Property purchase: minimum €220,000 for property in Gozo/Southern Region of Malta and €275,000 for property on the island of Malta A qualifying property is an immovable residential property situated in Malta or Gozo. The qualifying property must be retained for the duration of the applicants’ stay and must not be shared with any other persons not listed as dependants on the residence certificate.

Requirements for Malta GRP

No previous criminal record
Be over 18 years old
Have a legitimate source of wealth
EU health insurance covering all the applicants is required
Non-EU nationals can apply
Spend not more than 183 days per annum in any other jurisdiction

Who else can be included in the citizenship application:

Spouse of the main applicant
Dependent children of the main applicant and spouse under 25 years old
Dependent parents over 55 years old of the main application and spouse
Other family members who are dependent on the main applicant
Household staff who have been serving the family in the systematic manner for over 2 years

Stages of obtaining Maltese Residence

Initial consultation

Initial free consultation with one of the GLS experts
Program information and due diligence check

Detailed fee schedule and a free of charge preliminary due diligence check
Client agreement and retainer fee payment

Signing of the client agreement and payment of the retainer fee
Preparation of the documents

GLS experts will assist you with the whole procedure of the documents’ preparation, including the translation, notarisation and apostille of the relevant documents
Payment of the additional fees

Payment of the remaining fee for the legal services of GLS and all the other relevant fees
Submission of Application

Once the application is submitted to the Malta International Tax Unit (ITU), it will be reviewed and relevant due diligence checks will be performed
Approval in Principle

Once the application is approved, a letter of Approval in Principle will be issued
Interview in Malta

The applicant is required to attend the introduction interview at ITU
Investment

Within 12 months of taking up residence in Malta, the Applicant must purchase or rent a property in Malta
Taxation

After submitting the Qualifying Property Agreement, the Applicant must pay the first tax contribution
Completion

At this stage a complete pack of documents will be submitted to apply for Maltese Residence Permit

Quick reference

Malta

Capital:

Valletta

Area:

316 km2

Population:

494 000 people

GDP:

US $12,54 billion

Capital:

Basseterre

Language:

Maltese, English

Independence from Great Britain:

1964

Main islands:

Malta, Gozo, Comino

F.A.Q.

May an EU national apply for Malta GRP?

No, only citizens of non-EU countries can participate in the Malta GRP

How many days per year do I have to spend in Malta with GRP?

There is no requirement of minimum days to spend in Malta. For tax purposes a declaration will be required that the client did not spend over 183 days in any other country

Am I allowed to be employed or to run a business in Malta?

Yes, the Malta GRP allows clients to be employed and to run a business for the duration of the residence permit

Contact Us

GLS Private Office offers global lifestyle solutions to established business people and their families. GLS operates as a one-stop shop and is a single point of contact for wealthy families with a global mind-set. The company takes care of every need of its globally minded clients: from obtaining a second citizenship/residence by investment to finding the best schools for children’s education, global property acquisition, succession planning and many more. Ancillary services provided by GLS are limited to the extent of a client wish. Anything that can be priced, qualified and quantified GLS are ready to research, negotiate and manage.

Contact us and we will get back to you as soon as possible

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