The Global Residence Programme confers a special tax status to Non-EU nationals in receipt of stable and regular resources. Applicants need to acquire a property for not less than €275,000 or rent a property for not less than €9,600 per annum. Should the property be situated in Gozo or the South of Malta, the purchase value should not be less than €220,000 and the rental value should not be less than €8,750 per year. Applicants must hold adequate health insurance covering the EU territory. Applicants may not spend more than 183 days in a calendar year in any one foreign country.

Foreign income received in Malta is taxed at a 15 per cent rate, with the possibility of claiming double tax relief. The minimum annual tax stands at €15,000 after claiming any applicable double tax relief.

A one-time administrative fee amounting to €6,000 is levied by the Malta Government.

After being granted such a special tax status, beneficiaries can apply for their residence permit on this basis.

An application for special tax status may only be submitted through an Authorised Registered Mandatory. EMD, as an Authorised Registered Mandatory, may assist you with your application for residency under this Programme as well as with any tax and compliance obligations related to the Programme.

For further information about the above Special Tax Programmes feel free to contact us on +35622030000 or send us an email on privateclients@emd.com.mt