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Malta Global Residence Program

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

Malta Governent Flag

BENEFITS

 

  • A program tailered for non – Europeans
  • Cheapest Residency Program in Europe
  • The only program in Europe that allows siblings to be included in the application
  • Schengen residence card gives visa-free travel within Schengen area
  • Free pass to 26 Schengen countries after getting the visa
  • Right to reside indefinitely in Malta as long as € 15000 contribution is paid to Malta Government plus rent/purchase of a property
  • No Investment is required
  • No residence requirement
  • 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
29750

Cheapest

European Temporary Residency for the whole family

Key Requirements

 

Applications under the Malta Global Residence Programme are open to non-EU, non-EEA and non-Swiss nationals. One application can include the main applicant and his spouse, financially dependent ascendants and other non- family members and dependent relatives that are shown to be bona fide members of the household. The main applicant must show stable and regular resources and be fluent in one of the official languages of Malta. Children under the age of 25 are automatically eligible for inclusion. Applicants must demonstrate financial self-sufficiency and must be in possession of valid sickness insurance cover.

 

Within 12 months of taking up residence under the Malta Global Residence Programme, the residence permit holder needs to comply with the requirement of acquiring or renting property in Malta. Residence candidates are required to demonstrate that an address is available to them in Malta by buying or renting property in Malta.

 

The applicant must hold:

 

  • an immovable property in Malta for the value of not less than €275,000, or if the property is located in the south of Malta or in Gozo, the value shall not be less than €220,000; or
  • a rented immovable property in Malta for not less than €9,600 annually, or if the property is located in the south of Malta or in Gozo, the value shall not be less than €8,750 annually. 

 

The application fee for this program €6,000 (€5500 in the case of applications involving a qualifying property holding in the south of Malta or in Gozo must be paid upon application. 

Comparison

Malta Global Residency Program Vs. Malta Residence and Visa Program

 

  Global Residency Program(GRP) Malta Residence andVisa Program (MRVP)
Minimum Tax EUR15,000 Zero
Tax Rate 15% 0% – 35%
Property Purchase Central/North EUR275,000South/Gozo EUR220,000 Central/North EUR320,000South/Gozo EUR270,000
Property Rental Central/North EUR9,600South/Gozo EUR8,750 Central/North EUR12,000South/Gozo EUR10,000
Minimum Stay in MT Zero Zero
Official Application Fee EUR6,000 Zero
Contribution Zero EUR30,000
Bond / Shares Investment Zero EUR 250,000 for 5 years
Dependants Spouse, Children up to 25 years, brothers, sisters and parents(If financially dependent) Spouse, Children up to 26 years+ Parents & Grandparents

(if financially dependent)

QUESTIONS & ANSWERS

 

1. Who is eligible for Malta Global and Residence Program?

This program is for third nationals only, meaning European, EEA & Swiss nationals cannot apply.

2. Can parents or grand parents of the main applicant apply for this program?

Kindly note A parent but not grandparent of the Main Applicant, who proves to the satisfaction of the Minister that he/she is not economically active and is principally dependant on the Main Applicant, is eligible as a dependant.

3. In the case of an application for the entire family, will be there any additonal fees to the government of Malta?

The €6,000 covers the entire family. However a residence card processing fee applies when a residence card is issued or renewed. The fee is of €27.50 for a one-year time period per person.

4. What is the validity period of the residence card under Global Residence Program?

The Residence Card is valid for 2 years.

5. What form of investment is required?

There is no investment needed at all.

6. Am I able to apply for citizenship after staying for number of years having GRP status?

No, GRP doesnt lead to citizenship, however you are able to upgrade to Citizenship program whenever you wish.

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

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