Global Residence Programme
The Global Residence Programme entitles non-EU nationals to obtain a Maltese residence permit through a minimum investment in property in Malta.
Successful applicants can relocate to Malta, if they choose to do so, and they also have the right to travel to any country within the Schengen Zone of countries without the need for an additional visa(s).
A key advantage of the Global Residence Programme is that a flat rate of 15% tax is charged on foreign income remitted to Malta, with a minimum €15,000 in tax payable per annum. Foreign source income not remitted to Malta is not subject to tax in Malta. Individuals may also be able to claim double taxation relief under the regime.
To qualify for the scheme an individual must purchase property costing a minimum of €275,000 or pay a minimum of €9,600 per annum in rent. If the property is in Gozo or the South of Malta the minimum property value is €250,000 or £220,000 respectively, or a minimum rent payment of €8,750 per annum is required. In addition an applicant must not spend more than 183 days in any other jurisdiction in any single calendar year.