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Malta Global Residence Program

In the heart of the Mediterranean Sea

Malta Global Residence Program

In the heart of the Mediterranean Sea

About the Program

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.

The Global Residence Programme (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.

* Licence Number: AKM-AGEN-21

Benefits of Malta Global Residence Program

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Reside in Malta. Visa-free travel within Schengen zone

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No minimum presence in Malta required

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Remittance basis of taxation with 15% flat rate

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3-4 months to residence acquisition

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Minimum fee required

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Work permit/ set up of business in Malta is permitted

Cost of Obtaining 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

  • 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 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

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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 GRP?
No, only citizens of non-EU countries can participate in this program
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 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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