You must not be an employee, although you may carry non-executive posts on the boards of companies, foundations or other organizations.
You must have a pension, which must be received in full in Malta and represent at least 75% of your income chargeable in Malta. This means that any income other than your pension cannot be more than 25% of the total income remitted to Malta.
The pension may be a government pension, periodic payments in respect of past employment, remunerations paid as lifetime or temporary annuities or regular income from an occupational retirement scheme, personal overseas retirement plan or insurance policies. Lump-sum pensions do not qualify.
You will be required to purchase a residential property with a value of at least €275,000, if located in Malta, or €220,000 if located in Gozo or in the South of Malta. The property cannot be leased to a third party, if you hold the residence permit under this scheme.
Alternatively, instead of purchasing a property, you may rent a property in Malta, with a minimum annual rent of €9,600, if in Malta, or €8,750 if in Gozo or in the South of Malta. You must reside at least 90 days per year in Malta on average over a five-year period.
You must be a tax resident in Malta, and therefore you must not reside in another country more than 183 days per year.
Your period of stay under this program does not qualify for a long stay/permanent residence visa.
Under this program, your income accrued outside Malta, remitted to the country, will be taxed at a flat rate of 15%, provided that the minimum tax payable is €15,000. You may also benefit from the tax treaties concluded by Malta to claim a tax relief for tax paid abroad.
- At least 18 years of age.
- Be a national of EU/EEA/Switzerland.
- Registration certificate confirming your entitlement to reside in Malta.
- Possess comprehensive health insurance.
- Clean criminal record.
- Not to be a potential threat to Malta's national security, public policy or public health.
- Not deemed to be against the public interest.
Non Economic European Area
Dual citizenship is recognized in Malta. You are not required to renounce your previous nationality to become a citizen of Malta.
- Evidence of Health Insurance
- Original Police Clearance Certificate
- Original Bank Reference Letter (Not older than 6 month)
- Medical Certificate
- Undertaking to purchase property
- Undertaking to rent property
- Affidavit of support for Dependents
- Certified copy of passport
- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Six passport-size photos
- Statement of Source of Funds
- Proof of pension
- dual citizenship Yes
- Family members included Yes
- land ownership Yes
- Physical residence required Yes
- Personal visit required No
- Language skills required No
- Interview required No
- Investment Single -
- Investment Family 4 -
- Minimum annual income €12,700
- Time to citizenship
- Time to permanent residency
- Visa-free countries 186
- Financing available No
temporary residency benefits
FeesPlease sign in to view
|processing fees main applicant||€2,500|
|total fees main applicant||€2,500|
Malta is a former British colony, and currently a member of the European Union, the Schengen Area and the Commonwealth. It has about half million inhabitants. Its capital is Valletta, although its most populated urban center is Birkirkara, with over 22,000 inhabitants. Its official languages are Maltese and English. Since 2008 its legal tender currency is the Euro (EUR).
Visa Free Travel
Malta levies personal income taxes on a residence and domicile basis. An individual is deemed to be a tax resident if he or she spends more than half year in the country, and is deemed to be domiciled in Malta if their permanent home is in Malta. Becoming a Maltese citizen does not automatically make you a tax resident or deemed to be domiciled in Malta.
Maltese ordinarily resident and domiciled in Malta are subject to personal income tax on their worldwide income and capital gains.
Maltese ordinarily resident and not domiciled in Malta are taxed on their income and capital gains arising in Malta and on income arising outside Malta that is remitted to Malta.
This means that if you are a Maltese resident non-domiciled (permanent home) in Malta, only your Maltese-source income and capital gains and your income remitted to Malta may be subject to tax. Foreign-source income not remitted and capital gains (remitted or not) may be tax-exempt.
Non-residents are only taxed on their income and capital gains from Malta.
Personal income tax rates are progressive from 0% to 30%. Capital Gains are taxable income. However, gains from the disposal of immovable property are taxed at lower rates of 8%, 10% or 12% depending on the circumstances. Property purchased under the citizenship by investment program can be sold tax-exempt after the mandatory 5-year period, provided that the property is held for a period of 3 years as the owner’s ordinary residence.
In Malta, there are no inheritance, real property, net wealth and municipal taxes. There is a stamp duty applied on certain transfers such as real property or securities. Value-added tax is 18%.
Malta is the jurisdiction chosen by many international companies and holding companies, to establish their headquarters and do business in the European Union.
As of December 2018, Malta enacted the EU ATAD rules, which include a rule on Controlled Foreign Companies (CFCs) for the first time.
Although its standard corporate tax rate is 35 percent, in practice there is a system of tax credits and refunds for shareholders reducing to effective tax rates of between 0 and 10 percent. Learn more about Malta’s Corporate Taxation, Legal Framework and tax treaties at incorporations.io/malta.
This should not be construed as tax advice. We have access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.
- Property tax No
- Transfer tax No
- Inheritance tax No
- Net worth tax No
- CFC law No
- Tax residency days 183
- Personal income tax rate 15%
- Capital Gains tax rate 12%
- Investment income tax rate 15%
- Territorial taxation Yes
ProceduresPlease sign in to view
Our qualified attorney in Malta, will handle all paperwork, and guide you through each step of the process to ensure that it is as fast, efficient and pain-free as possible.
First, our lawyers will conduct a due diligence check on you to ensure that you are eligible, meet the criteria to apply for the program, and that your application will be approved.
If required, we will provide access to our network of real estate agents and developers in Malta to find the most suitable property according to your needs, as well as introduce you to Maltese banks in order to open a bank account.
We will send you the application forms and provide assistance to complete the questionnaires, and translate and authenticate documents. You must undergo a medical examination (we may recommend clinics in your jurisdiction) and provide us the medical assessment.
We will submit your application and supporting documents. Payment of a non-refundable fee will be required.
Malta’s Immigration authority will verify the application and supporting documents and will approve or deny them. After approval, you must carry out the acquisition or rental of real estate.
After that, you will receive your Certificate of Residence.
The whole process may take 2-3 months.
For further information on Malta’s Retirement programme and detailed procedures, contact us for a free private consultation.