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Malta European Residence Program

Specifics of international private law
Citizenship Euro > Malta European Residence Program

Malta Governent Flag

BENEFITS

 

  • Main applicant being european can include non EU spouse as well as non EU children up to 21 years old.
  • Schengen residence card gives visa-free travel within Schengen area
  • Right to reside indefinitely in Malta
  • No Investment is required
  • No residence requirement
  • First level family members can be included
  • No World-wide taxation
  • 0% on foreign capital gains
  • Foreign income not brought to Malta are not taxed in Malta

Maltese European Residence is available to EU nationals by virtue of EU Directive 2004/38/EC which was implemented in Maltese legislation by means of Legal Notice 191 of 2007. Any EU & EEA & Swiss national may submit an application for an European Residence Permit provided specific conditions are satisfied.

Taxation

 

Tax residents of Malta who are not domiciled in Malta are taxable on a remittance basis. Accordingly, non-doms who are resident in Malta are not taxable on foreign source income not received in Malta, nor on any capital gains arising outside Malta whether remitted or not. Tax is due only on a source basis on income and capital gains arising in Malta. A non-resident citizen of Malta is only taxable in Malta on Malta source income.

14000

Evidence of available funds

needed in case of single person, €23500 in case of married couple with children.

Key Requirements

 

Applicants must produce documentary evidence of financial self-sufficiency, which would allow a high standard of living in Malta. The declared amount is not required to be brought into the country.

Applicants must produce documentary evidence of available funds of at least €14,000, or over in the case of a single person. A married couple must produce documentary evidence of available funds of at least € 23,500 or over.

Comparison

ER (E-Residence) (EU)

TRP (EU)

Minimum Tax

Zero

15,000

Tax Rate

0% – 35%

15%

Property Purchase

Any price

Central/North EUR275,000

South/Gozo EUR220,000

Property Rental

Any price

Central/North EUR9,600

South/Gozo EUR8,750

Minimum Stay in MT

6 months per year

Zero

Official Application Fee

Zero

6,000

Contribution

Zero

Zero

Bond / Shares
Investment

Zero

Zero

Dependants

Spouse & dependant children

Spouse, Children up to 25 years, brothers, sisters and parents

(If financially dependant)

Application Process

4-8 weeks

3 months

 

QUESTIONS & ANSWERS

 

1:Who is eligible to apply?

Any EU & EEA & Swiss national may submit an application

2:Why would European choose ER?

ER is a taxation immigration program. Many Europeans depending on business practices they are active in might consider Malta an attractive destination to legally save tax. Kindly note that Malta is not an offshore but an onshore country, part of EU and has developed the most advanced taxation regimes and capacities within EU.

3:Can you help me find suitable property or real estate in Malta?

Yes. We are associated with licensed real estate agencies and developers in Malta and can help you find an ideal property that fulfills the program’s real estate investment requirement. Our professional relationships in Malta guarantee to our clients a smooth, comprehensive service that includes identifying suitable properties, providing transport for property viewings, drafting/reviewing legal contracts, and/or liaising with local notaries and architects as needed. When you decide on a property for purchase we can arrange for a Power of Attorney to appear on your behalf without the need for you to come again to Malta for the signature of any necessary contracts.

4:Can parents or grand parents of the main applicant apply for the program?

Kindly note that under ER only spouse and children ( under 21 only ) can be included in the application.

5:In the case of application for the entire family are there additional fees?

There is no contribution as well as no investment requirement for ER program.

6:What form of investment is needed?

There is no investment requirement.

7:Can you clarify the remittance of dividends under ER as well as GRP, what exactly is the difference?

An individual who is resident but not domiciled in Malta is taxed on a remittance basis – that is foreign source dividends are only taxed if they are remitted (or used) in Malta. If you are under ER the rates will be progressive 0-35% but if you are under GRP your tax rate will be 15% fixed each year.

8:I would like to transfer the following amount on annual basis, kindly clarify the following under ER and GRP, 35K US Government retirement  (Social security retirement — which is none private) €35K in Capital gains, dividends and interest all from investments held in the USA.

€35k US government retirement – this is income (taxable if remitted to Malta) capital gains are not taxable, even if remitted. Dividends / interest – income (taxable if remitted to Malta)r.

9:I am looking forward to become resident of Malta and I do have bitcoin Crypto-Currency funds from online wallet where I keep them to a maltese bank account. Are these funds considered to be Capital Gains or foreign income?

Foreign source capital gains are not taxable in Malta even if remitted

Our lawyers will consult you on the phone and meet you in person.

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