Malta Residency - IPC

Malta Residency

THE FASTEST AND EASIEST WAY TO GET RESIDENCY PERMIT

MALTA PERMANENT RESIDENCY:

  • An investment in government bonds of EUR 250,000 to be retained for a minimum period of five years
  • A non-refundable government contribution of EUR 30,000 (EUR 5,500 of which is an advance government administrative fee)
  • A property purchase of EUR 320,000 (EUR 270,000 in South Malta or Gozo); or a property lease of EUR 12,000 per annum (EUR 10,000 in South Malta or Gozo)
  • To qualify for residency, under the new Global Residence Programmed, one needs to buy a property of €220,000 or over (if the property is in the South of Malta or in Gozo) or of a minimum value of €275,000 for properties in Central and Northern Malta
  • Introduced in June 2014, the Malta Global Residency Programmed allows people who buy or rent a property in Malta and direct their income to Malta to qualify from a residence permit
  • Malta became part of the Schengen Zone in 2007. Non-EU citizens may obtain the Uniform Residence Permit, issued based on one being a permanent resident. In this case, it grants its holder the possibility to travel throughout the Schengen Zone

WHY MALTA:

  • Malta is the 2nd safest country in the world (UN World Risk Report, 2012)
  • With year-round sunshine, gorgeous beaches and over 7,000 years of intriguing history
  • Malta is the 3rd-best spot for diving in Europe
  • Malta has consecutively scored the highest percentage of computer graduates among the 27 EU member states
  • Malta boasts temples which date back to a time before any other structure in the world, including the pyramids in Egypt
  • Malta's bathing water is among the EU's best, which is an additional bonus to the Island’s 300 days of sunshine
  • As well as a range of benefits to individuals seeking to acquire residence on the island, given its advantageous tax regime and competitive cost of living
  • Temporary residence is granted for the entire period of education to students in any Private School, College, or at the University of Malta
  • Malta residents are afforded protection by double taxation agreements, which ensure that tax is never paid twice on the same income in different countries
  • Malta has a lot of other attributes which make foreign enterprisers choose it over other EU countries. Among these are:
    • - the skilled and cheap workforce which is also fluent in English and other European languages
    • - the country’s excellent infrastructure which links all small islands
    • - the taxation system which, now, is one of the most favorable in Europe
    • - the incentives, grants and exemptions the Government offers to those setting up companies here
    • - the economic stability

ABOUT MALTA:

  • Official Name: The Republic of Malta
  • A Form of Government: Parliamentary republic
  • Capital: Valletta
  • Population: 436,947
  • Currency: euro
  • Area: 316 km2
  • Official Language: Maltese
  • Education: Maltese alongside with English
  • Culture: mixed culture (Greece, Italian, romans, Arabs)
  • Environment: inadequate water supply, deforestation
  • Health Care: high standard by 2014 7th world wide ranking
  • Taxation: lowest in EU
  • Tourism: Tourism is an important sector of the country's economy
  • Weather: average
  • Politics: not stable
  • Schengen: yes
  • Religion: Roman Catholicism

QUALIFICATION CRITERIA:

  • To hold a qualifying property in Malta which may refer to a purchase of a consideration not less than Euro 275,000 or a rental value of Euro 9,600 per annum; albeit if situated in the south of Malta o, a consideration of Euro 220,000 or a rental value of Euro 8,750 per annum
  • To be in receipt of a stable and regular income or resources which is sufficient to maintain himself and his dependents
  • To have a health insurance covering risks in the European Union, which insurance should cover himself and his dependents
  • To have a valid travel document
  • To be fluent in either English or Maltese as the official languages in Malta
  • To be a fit and proper person

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