The Global Residence Programme (GRP) is a residence programme that grants applicants a special tax status. It was designed to attract non-EU, non-EEA, and non-Swiss nationals who are not permanent residents of Malta.
Individuals benefiting from this programme are permitted to work in Malta, provided they obtain the necessary work permits.
Under a single application, the main applicant, their spouse, and children under the age of 25 are automatically included in the process.
Additional family members may also be included in the application, such as financially dependent relatives or individuals who are not related by blood or marriage but are recognized as members of the same household.
MALTA GLOBAL RESIDENCY PROGRAMME
Qualification Requirements
Purchase a property with a minimum value of €275,000 (€220,000 if the property is located in Gozo or the Southern Region of Malta);
or
Rent a residential property for a minimum annual rent of €9,600 (€8,750 if the property is located in Gozo or the Southern Region of Malta);
Be financially self-sufficient;
Not spend more than 183 days per year in any other country;
Pay a minimum annual tax of €15,000;
Hold comprehensive health insurance providing coverage throughout Europe;
Hold valid travel documents.
ESTABLISHING TAX RESIDENCY IN MALTA
An individual benefiting from the Global Residence Programme is not required to spend a minimum number of days physically present in Malta. However, they must declare that they are not a tax resident in any other country for more than 183 days per year.
Successful applicants will be issued a Certificate of Residence as well as a Maltese Tax Identification Number (TIN).
TAX BENEFITS
Malta has concluded more than 60 Double Taxation Agreements (DTAs) to prevent double taxation between countries.
While income and capital gains arising in Malta or derived from assets located in Malta are subject to Maltese income tax, individuals who are tax residents but not domiciled in Malta benefit from the following advantages:
No tax on foreign-source income, unless it is remitted (brought) to Malta.
A flat tax rate of 15% applies to foreign-source income remitted to Malta.
No tax on foreign capital or savings remitted to Malta.
No tax on foreign capital gains derived from assets situated outside Malta, even if remitted to Malta.
No inheritance or estate tax.
