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Malta EU Residency Programme – 15% Income Tax

Schengen EU Visa Free Travel

Residency in Malta – Politically & Economically Stable

No Wealth Criteria

No Inheritance or Exit or Entry Taxes

The ‘Residence Programme Rules, 2014′, detailing new rules allowing for a special tax residency in Malta of EU/EEA/Swiss nationals have come into force pursuant to Legal Notice 270 of 2014 on the 8th of August 2014.

The legal notice and the programme have been given retrospective effect, thereby have been backdated from the 1st of July 2013.

Non-EU nationals may apply under the Global Residency Scheme, the details of which can be found here.

Special Tax Status

Subject to satisfaction of the conditions of the programme, beneficiaries under the programme only pay

  • 15% tax on income brought into Malta (foreign sourced income), provided that a minimum amount of tax payable is €15,000 per year
  • Foreign sourced income not brought into Malta is not taxed in Malta
  • Capital gains are not taxed in Malta.

Under the Residence Programme Rules, the applicant must:

  • Property Rental
    • €9,600 per year in Malta, or
    • €8,750 per year in Gozo or in the south of Malta, OR
  • Property Purchase
    • €275,000 in Malta, or
    • €220,000 if situated in Gozo or in the south of Malta
  • Cannot benefit from other tax programmes of Malta – Residence Scheme Regulations, the High Net Worth Individuals Rules, the Malta Retirement Programme Rules, the Global Residence Programme Rules, the Qualifying Employment in Innovation and Creativity (Personal Tax) Rules or the Highly Qualified Persons Rules
  • Applicant has stable and regular resources that are sufficient to maintain the applicant and his dependants
  • Be in possession of a valid travel document
  • Have EU wide sickness insurance, covering himself and his dependants;
  • Speak adequately in English or Maltese
  • Fit and proper person
  • Not stay in any other jurisdiction for more than 183 days in a calendar year.

Acumum – Legal & Advisory is an Authorised Registered Mandatory by the Malta Government, allowing us to assist individuals and families in residency in Malta.