The Ordinary Residence Programme (ORP) is available to EU/EEA and Swiss citizens and provides qualifying applicants residency rights in Malta combined with a special tax status. The main applicant can include their spouse and children under the age of 25, with children under 18 automatically included, and those under 25 included if they are unmarried, not economically active, and depend on the applicant.
MALTA ORDINARY RESIDENCE PROGRAMME
Qualification Requirements
To qualify under the economic self-sufficiency regulations, applicants are required to:
• Be economically self-sufficient, with a minimum annual income of €14,000 for an individual and €23,300 for a married couple.
• Rent or purchase a place of residence in Malta.
• Have private health insurance
• Have valid travel documents Non-domiciled ordinary residents of Malta whose foreign annual income exceeds €35,000, are also required to pay a minimum of €5,000 per annum to the Malta Revenue Department.
Tax Efficient Benefits for Non-Domiciled Ordinary Residents
Malta taxes non-domiciled ordinary residents on a source and remittance basis, meaning only assets and income generated in Malta, and foreign income remitted to Malta, are liable to local taxation. This leads to non-domiciled ordinary residents benefiting from the following tax concessions:
• No income tax on foreign sourced income, unless it is remitted to Malta
• No tax on capital and savings remitted to Malta
• No capital gains tax on assets held outside Malta
• No inheritance or estate taxes Income tax is applied at graduated progressive rates, ranging from 0% to 35%. Personal allowances are also available and the 35% tax bracket is reached at annual chargeable income of more than €60,000.
The Ordinary Residence Programme Planning and Implementation
Our local team and professional partners provide clients comprehensive advice and support throughout the residency application preparation and submission process, services include:
• Application preparation and processing
• Immigration meeting coordination and support
• Assistance with identifying suitable investment or rental property
• Corporate establishment advice, implementation and management
• Establishing local bank accounts
• Tax efficient planning and structuring
