Residence and Visa Permit Programme
The Maltese Government introduced their new residence programme in August 2015. It is available to non-EU individuals and enables them to reside or stay indefinitely in Malta.
The criteria for the programme are:
- a €30,000 contribution to the Maltese Government; AND
- an investment of a minimum €250,000 in Malta for at least 5 years; AND
- the purchase of a property in Malta to the minimum value of €320,000, or rental of a property in Malta for a minimum of €12,000 per annum. The property must be owned or rented for at least 5 years.
Individuals, taking advantage of this programme, who are not of Maltese origin and intend to stay in Malta for some considerable time but do not intend to permanently establish themselves there, will be classified as resident but not domiciled in Malta.
- Such individuals will be taxed on Malta source income and certain gains arising in Malta. They will not be taxed on non-Malta source income not remitted to Malta. Capital gains will not be taxed even if they are remitted to Malta.