Malta

Malta is a Mediterranean island located off the coast of Italy boasting a rich historical and cultural heritage that spans over 7,000 years. Since joining the EU in 2004 and the Schengen Area in 2007, Malta has enjoyed political and economic stability.

As an archipelago with numerous esteemed educational institutions and 300 days of sunshine each year, Malta is an appealing destination for residents.

The Malta Permanent Residence Programme (MPRP) provides numerous benefits for individuals and families looking to operate within the European Schengen Area. The Maltese Government has fostered a thriving, business-friendly environment, contributing to one of the fastest-growing economies in Europe.

Establishing a company in Malta is made easy by the authorities, thanks to favorable legislation and a competitive tax system that ranks among the most advantageous in Europe.

In addition to Maltese, English is a co-official language widely spoken in Malta. Government documents, road signs, restaurant menus, and other essential materials are readily available in English.

Requirements

To qualify for the MPRP, you must be at least 18 years old. It is to have access to a minimum of EUR 500,000 in capital assets, with EUR 150,000 required as liquid assets.

Applications can include all minor children under 18, as well as unmarried dependent adult children and dependent parents or grandparents. However, all dependents over 18 must provide an affidavit of support to be included in the application.

You and your dependents must have a clean personal history with no criminal record. Additionally, everyone must be in good health and possess appropriate health insurance that covers your stay in Malta.

Qualifying Dependents

You can include your spouse or partner as a dependent. They must also be over 18 years old, not an EU citizen, and have no criminal record.

Additionally, you can add dependent children of any age, as well as dependent parents or grandparents.

Taxation

If you are classified as a resident in Malta but not domiciled, you are only liable to pay tax on income generated within Malta or brought into the country. By making Malta your main residence, you will be taxed on your global income at a personal tax rate of up to 35%.

Malta does not impose estate or gift taxes. However, it does charge a capital gains tax on various assets, and the standard VAT rate is 18%. Although the corporate tax rate stands at 35%, there are specific tax exemptions available for non-resident companies.

Process Overview

We send every application to the Residency Malta Agency, the government body in charge of managing the MPRP.

After conducting due diligence checks, successful applicants complete the necessary investments and obtain a Maltese Residence Certificate along with a residency card.

This certificate is valid for five years and can be renewed every five years thereafter.

Benefits

Enjoy visa-free travel in the 27 European Schengen Area countries

Spend as little or as much time in Malta as you like

Include dependants such as spouse, children under 18 unmarried and non-economically active adult children over 18 years, as well as parents and grandparents who are financially dependent on the main applicant

Make a low capital outlay compared to other EU residency programmes

Summary

Undoubtedly one of the most beautiful countries in the EU, Malta has proved a popular Golden Visa option.

Holders benefit from visa free travel throughout the Schengen zone whilst having no stay requirements in the Malta itself.

It is also one of the most cost effective EU programmes for those looking to make the move.