The Residence Programme is ideal for individuals and families who are interested in taking up residence in Malta.
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.