The Global Residence Programme is available to non-EU nationals, who are interested in taking up residence in Malta, while enjoying a favourable tax. Permit holders are also able to work or set up a business in Malta once they have applied for and have obtained the necessary permits.
They have no minimum stay requirements. However, they may not spend more than 183 days in a calendar year in any one particular foreign jurisdiction.
Through the Global Residence Programme, a flat rate of 15% tax is applicable on foreign income remitted to Malta, with a minimum tax of €15,000 per year. The minimum tax threshold covers both the main applicant and dependents included on the same application. Any other income (such as local source income) is subject to a flat rate of 35% tax. Beneficiary would also be able to benefit from double taxation relief.
A standard application processing fee of €6,000 is applicable if a property is purchased in Malta and €5,500 if the property is bought or rented in Gozo or the South of Malta. One must apply through an Authorised Registered Mandatory.