Malta Residence Programme for EU Nationals
The Residence Programme is ideal for individuals and families who are interested in taking up residence in Malta.
- The programme is available to EU nationals, as well as nationals of Iceland, Norway, Liechtenstein or Switzerland.
- To qualify for this Residence Programme, an applicant must also hold a qualifying property which the individual occupies as his principal place of residence worldwide, either by purchasing or renting:
- In the case of purchasing a property, the minimum value must be of at least €220,000 for properties situated in Gozo or the South of Malta, and a minimum of €275,000 for properties situated in the rest of Malta;
- If the applicant opts to rent a property, this must be of a minimum rent of €8,750 per annum for properties situated in Gozo or the South of Malta and a minimum rent of €9,600 per annum for properties situated in the rest of Malta.
- Applicant needs to prove that he/she is in receipt of stable and regular resources that are sufficient to maintain himself and his dependants without recourse to the social assistance system in Malta.
- Applicant needs to be in possession of health insurance which covers himself and his dependants in respect of all risks across the whole of the EU.
- Applicant must be in possession of valid travel documents, for both himself and his dependents.
- Applicant must also be able to communicate adequately in Maltese or English and must be a fit and proper person.
- Applicant may not spend more than 183 days in a calendar year in any other jurisdiction.
The tax benefit will consist mainly of the right to pay tax at a flat rate of 15% on all foreign source income which is remitted to Malta. Any other income (such as local source income) is subject to a flat rate of 35% tax.
A minimum annual tax liability of €15,000 covering the main applicant and dependents included on the same application applies.
Beneficiary would also be able to benefit from double taxation relief.
A non-refundable administrative fee of €6,000 is applicable except where the qualifying owned property is situated in the South of Malta, in which case the administrative fee is reduced to €5,500.