residencemalta.com
The Global Residence Programme (GRP)
The residence programme offers the applicant a special tax status with in the
Maltese territory.
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Who may apply?
A. Non-nationals of the EU.
B. National of Iceland, Norway or Liechtenstein.
C. National of Switzerland.
The applicant is required to own or rent a qualifying property which the
individual occupies as his principal place of residence worldwide. The
value of the property must be as follow:
A. Owned:
i. Immovable property situated in Malta other than in the south of Malta
must be of a minimum value of €275,000.
ii. Immovable property situated in the south of Malta or Gozo must be of
a minimum value of € 220,000.
B. Rented:
i. Immovable property situated in Malta other than in the south of Malta
Malta must be of a minimum value of €9,600 per annum
ii. Immovable property situated in the south of Malta and gozo Malta
must be of a minimum value of € 8,750 per annum
Once granted this special tax status, the applicant can apply for a residencepermit.
Applicants must be in a possession of a stable regular income and are expected
to reside in Malta for a minimum of 183 days per calendar year. Stays in any other
jurisdiction for more than 183 days in a calendar year must be declared in the Tax Return
Through the programme grant the beneficiaries and his dependents a tax rate
of 15% on any income that arises outside Malta and is subject to a minimum
tax payment of 15,000 Euro annually
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Any other income arising in Malta, will be subject to tax at a flat rate of 35%.