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Why Malta?

  • Rich culture and history dating back 7,000 years
  • Mild climate which makes it pleasant to live in all year round
  • Low crime rate, thus making it a relatively safe place to live in
  • English is an official language with Italian and French being widely spoken
  • Moderate cost of living
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  • Advantageous tax rates
  • Excellent telecommunications
  • Politically and economically stable
  • Has been voted as one of the best places to retire on Earth!
 

Residency Option 1:

Single permit licence: The Employment Licence

Identity Malta accepts applications for single-work permits, granting Third-Country Nationals the authorization to reside and take up employment in Malta.

Applications for a work/residence permit have to be endorsed by the employer concerned and the permit would cease to apply if the applicant would no longer remain in employment.

Individuals from outside the EU/EEA/Switzerland who submit a Single Permit application are subject to labour market considerations by the Employment and Training Corporation in Malta, also known as the ETC.

Single permit applications are assessed by a number of stakeholders, mainly by the Police Immigration Office and the Employment and Training Corporation.

There are a number of forms and documents which need to be filled in and submitted to the Identity Malta office in person, together with a payment of a��280.50.

This scheme needs to be renewed every year based on the persona��s employment status.

 

Residency Option 2:

Single-permit Scheme: Company Shareholders

The company of which the foreigner is a shareholder or ultimate beneficial owner must meet one OR more of the following criteria:

Every Third-Country National shareholder must have a fully paid up share capital of at least a��500,000 which may not be redeemed, reduced or transferred to a third party during the first two years following the issuing of the Employment Licence. This share capital must be through a cash/stock injection in Malta;
Have made a capital expenditure of at least a��500,000 that is to be used by the company. Capital expenditure shall solely consist of fixed assets (such as immovable property, plant and machinery) used for the business purposes as reflected in the business plan submitted with the application. Rental contracts do not qualify.

Such expenditure needs to be supported by receipts in the companya��s name;

The company is leading a project that has been formally approved by Malta Enterprise and formally notified by the latter to ETC.
Companies applying under this scheme need to employ an EEA/Swiss/Maltese national within 12 months of their inception and need to trade, whether in Malta or abroad.

This single-permit needs to be renewed every year at a cost of a��280.50 per year. Existing permits are being renewed on the basis of employment and trade.

 

Residency Option 3:

The Global Residence Programme

The Global Residence Programme confers a special tax status to Non-EU nationals in receipt of stable and regular resources. This programme is seen as a special tax programme for non-EU nationals.

This programme is based on the following criteria:

  • A 15 per cent rate of tax is charged in respect of foreign income remitted to Malta. The minimum annual tax stands at a��15,000 after claiming any applicable double tax relief.
  • Third-Country Nationals, need to acquire a property for not less than a��275,000 or renting property for not less than a��9,600 per annum. Should the property be situated in Gozo or in the South of Malta, the purchase value should not be less than a��220,000 and the rental value should not be less than a��8,750 per year.
 

Residency Option 4:

Malta Residency & Visa Programme

The Malta Residence and Visa Programme Regulations offers third country nationals the opportunity to reside, settle and stay INDEFINITELY in Malta, as well as travel within the Schengen area without the need for applying for a visa. The application process takes around 5 months and the applicants need to meet the following conditions:

An administration fee of a��5,500, which is not refundable must be paid on submission of the application.

Once it is established that the beneficiary qualifies for such status, he is to pay a contribution of a��30,000 (less the a��5,500 non-refundable fee that was paid on application). This contribution fee covers the main applicant as well as all dependants.

The applicant must also present a title to a qualifying property purchased for a consideration of a��320,000 if situated in Malta or a��270,000 if situated in Gozo or the south of Malta. Alternatively a a�?leaseda�? property also qualifies if it is subject to a rent of not less than a��12,000 per annum if the property is situated in Malta or a��10,000 if situated in Gozo or the south of Malta. Property can already be owned prior to application.

The applicant also needs to make aA�qualifying investment in the form determined by Identity Malta holding an initial value of a��250,000. The Investment needs to be retained for a minimum period of five years.

The applicant also needs to have an annual income of a��100,000 or is in possession of a��500,000 capita

 

Acquiring Maltese Citizenship By Investment:

Malta Individual Investor Programme

The Individual Investor Programme of the Republic of Malta (IIP), by virtue of Legal Notice 47 of 2014, allows for the granting of citizenship by a certificate of naturalisation to individuals and their families who contribute to the economic and social development of Malta. Subject to a stringent vetting and diligence process, including thorough background checks, the applicants and their dependents are granted citizenship in exchange for such contribution.

To qualify for citizenship, the main applicant must be at least 18 years of age, provide proof of having been a resident of Malta for a period of 12 months preceding the issuing of a certificate of naturalisation and meet the following investment requirements:

The acquisition of real estate with a minimum value of EUR 350,000 to be held for at least 5 years or lease a residential immovable property in Malta for a period of 5 years, at an annual rent of at least EUR 16,000;
Make a contribution of a��650,000, for the main applicant, to the National Development and Social Fund. Any other dependants also need to make a contribution depending on their status;
An investment in stocks, bonds or special purpose vehicles to be identified by Identity Malta, for a minimum value of EUR 150,000 to be held for a minimum period of 5 years.
Other processing and due diligence fees apply on a case by case basis.
Applicants must have a Global Health Insurance coverage for at least EUR 50,000 for the main applicant and each of the dependants and must give proof that they can maintain the same for an indefinite period.

A�Taxation in Malta

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A Maltese company is subject to tax on its profits at the rate of 35%.A� When the company pays a dividend to its shareholder, no withholding tax or further tax is due on the dividend since Malta operates the full imputation system. The tax refund system is applicable upon a distribution of profits.

The shareholders of a Maltese company may claim a refund of part of the tax, and in some cases all of the tax, paid at corporate level out of profits which are not derived from immovable property situated in Malta.

The extent of the refund depends on the nature and source of profits. The law provides for 4 types of refunds depending on the nature of the profits:

  • 6/7thsA�refund: refund of 30% of 35% tax producing a tax liability of 5%A�TYPICALLY DUE ON TRADING PROFITS;
  • 5/7thsA�refund: refund of 25% of 35% due in respect of profits earned on passive interest & royalties, thusA�REDUCING THE TAX LIABILITY TO 10%;
  • 2/3rdsA�refund: refund claimed where the company has claimed double taxation relief;
  • 100% refund due where the profits derive from a Participating Holding (profits received from equity shares held by a Maltese company in a foreign company), thusA�REDUCING THE TAX LIABILITY TO 0%;