1. What is the Malta Global Residence Programme?

The Malta Global Residence Programme is a residency scheme introduced by the Maltese government to attract individuals and families from around the world who are looking to establish residence in Malta. It offers non-EU/EEA nationals the opportunity to obtain a special tax status in Malta by fulfilling certain eligibility criteria and requirements. Participants in the programme benefit from a flat tax rate on foreign-source income remitted to Malta, as well as the possibility of full exemption from tax on income generated outside of Malta that is not remitted to the country. This scheme aims to encourage high-net-worth individuals to bring their wealth and expertise to Malta, thereby boosting the local economy and fostering international relationships.

2. Who is eligible to apply for the Malta Global Residence Programme?

The Malta Global Residence Programme is aimed at individuals who are not European Union, European Economic Area, or Swiss nationals, and who are interested in obtaining residency in Malta. Specifically, the programme is designed for applicants who meet the criteria set by the Maltese government, which includes the following eligibility requirements:

1. Applicants must be at least 18 years old.
2. Applicants must provide proof of stable and regular resources to support themselves and their dependents without relying on social assistance in Malta.
3. Applicants must have a valid travel document, such as a passport.
4. Applicants must have a clean criminal record and must not be deemed a threat to national security.
5. Applicants must be covered by a suitable health insurance policy covering themselves and their dependents in Malta.
6. Applicants must meet the financial thresholds set by the programme, which may vary depending on the specific requirements at the time of application.

Overall, the Malta Global Residence Programme is open to a wide range of individuals who meet these eligibility criteria and are interested in establishing residency in Malta.

3. What are the main benefits of the Malta Global Residence Programme?

The main benefits of the Malta Global Residence Programme include:

1. Residency in Malta: Successful applicants are granted the right to reside in Malta, a country known for its high standard of living, safety, and pleasant climate.

2. Visa-free travel: Residents of Malta under this programme benefit from visa-free travel within the Schengen area, allowing for easy access to multiple European countries.

3. Tax advantages: Malta offers an attractive tax regime for foreign residents, including a flat tax rate on foreign income remitted to Malta and no wealth or inheritance taxes.

4. Real estate options: Participants can choose from a variety of real estate options to satisfy the programme requirements, including buying or renting property in Malta.

5. Quality healthcare and education: Malta boasts a reputable healthcare system and high-quality education options, making it an appealing choice for families looking to relocate.

Overall, the Malta Global Residence Programme provides individuals and families with an opportunity to establish residency in a safe and prosperous European country, with numerous benefits including tax advantages, visa-free travel, and access to quality healthcare and education.

4. How long does the application process for the Malta Global Residence Programme typically take?

The application process for the Malta Global Residence Programme typically takes around 3 to 6 months to complete, depending on various factors such as the volume of applications being processed at the time and the completeness of the applicant’s submission. The steps involved in the application process include submitting the required documents, undergoing a thorough due diligence process, and obtaining approval from the Maltese authorities. It is crucial for applicants to ensure that all necessary documents are prepared accurately and in a timely manner to avoid any delays in the processing of their application. Additionally, engaging the services of a professional advisor who is well-versed in the Malta Global Residence Programme can help streamline the process and increase the chances of a successful application.

5. What are the financial requirements for the Malta Global Residence Programme?

The financial requirements for the Malta Global Residence Programme include:

1. A one-time application fee of €6,000.
2. An annual contribution of €15,000, plus €5,000 for each dependent.
3. An investment in Malta of at least €250,000 in government bonds, equities, or property. Alternatively, renting a property at a minimum of €10,000 per year if located in Malta, or €12,000 per year if located on the island of Gozo, for a minimum of 5 years.
4. Demonstrating an annual income of at least €100,000 or having €500,000 in assets.
5. Obtaining a health insurance policy covering the applicant and their dependents.

These financial requirements ensure that applicants for the Malta Global Residence Programme have the means to support themselves and contribute to the Maltese economy while enjoying the benefits of residence in Malta.

6. Can I work in Malta if I am granted residency through the programme?

Yes, individuals granted residency through the Malta Global Residence Programme are allowed to work in Malta. Here are some key points to consider:

1. Residency under this programme does not restrict individuals from seeking employment in Malta.

2. Those granted residency can engage in business activities or take up employment in Malta, subject to the rules and regulations governing work permits and employment laws in the country.

3. It is important to comply with Maltese work permit requirements if a non-EU/EEA/Swiss national wants to work in Malta, even if they hold residency through the Global Residence Programme.

4. The programme primarily focuses on attracting individuals who are financially self-sufficient and wish to reside in Malta without becoming a burden on the Maltese social assistance system.

5. While residency through the programme does not automatically grant the right to work, individuals can pursue employment opportunities in Malta by following the necessary procedures, including obtaining any required work permits.

6. Ultimately, individuals granted residency through the Malta Global Residence Programme have the flexibility to work in Malta, provided they comply with the appropriate regulations and legal requirements related to employment in the country.

7. What are the tax implications of the Malta Global Residence Programme?

Under the Malta Global Residence Programme, individuals who qualify and become Maltese residents are subject to a flat tax rate of 15% on foreign income remitted to Malta, with a minimum annual tax liability of €15,000. There are no taxes on foreign capital gains or foreign-sourced income that is not remitted to Malta. It’s important to note that Malta operates a remittance-based system, meaning only income brought into the country is taxable. Furthermore, Malta offers double tax relief and double taxation treaties with over 70 countries, which helps to reduce the risk of double taxation for participants in the programme. Overall, the tax implications of the Malta Global Residence Programme are generally favorable for qualifying individuals seeking tax-efficient residency in a European Union member state.

8. Are there any restrictions on the types of properties that can be purchased under the programme?

Under the Malta Global Residence Programme, there are specific restrictions on the types of properties that can be purchased by applicants looking to gain residency in Malta. These restrictions include the following:

1. The property must be situated in Malta or Gozo.
2. The minimum value of the property must be at least €270,000 if located in Malta, or €250,000 if located in Gozo.
3. The property must be held for at least 5 years from the date of purchase. During this period, the property cannot be leased or sublet.
4. The property should not be rented out for commercial purposes during the 5-year ownership requirement.
5. It is important to note that applicants must make a formal declaration that the property will be their primary residence in Malta.

Overall, while there are restrictions in place regarding the type and use of the property that can be purchased under the Malta Global Residence Programme, as long as these criteria are met, applicants can enjoy the benefits of Maltese residency.

9. Can family members be included in the application for the Malta Global Residence Programme?

Yes, family members can be included in the application for the Malta Global Residence Programme. This means that the main applicant can also include their spouse or partner, dependent children under the age of 18, as well as dependent children between the ages of 18 and 26 who are still financially dependent on the main applicant. In some cases, other family members such as parents or grandparents may also be included, provided they are financially dependent on the main applicant. It is important to note that each family member included in the application will need to meet the eligibility criteria set out by the Malta Global Residence Programme in order to be approved for residence.

10. What are the renewal requirements for participants in the Malta Global Residence Programme?

Participants in the Malta Global Residence Programme are required to adhere to certain renewal requirements to maintain their residency status in Malta. The renewal process typically involves the following steps:

1. Submission of the relevant application forms for renewal within the specified timeframe, usually before the current residence permit expires.

2. Providing updated documentation to demonstrate continued compliance with the programme requirements, such as proof of stable income and suitable health insurance coverage.

3. Paying the necessary renewal fees as stipulated by the Maltese authorities.

4. Applicants may also be required to demonstrate that they have maintained their financial investments or property ownership in Malta as per the programme guidelines.

5. Applicants must continue to adhere to the residency rules and regulations set forth by the Maltese government, including maintaining a physical presence in Malta for the required minimum number of days per year.

Failure to meet any of these renewal requirements may result in the participant losing their residency status under the Malta Global Residence Programme. It is essential for participants to stay informed about the renewal process and ensure that they meet all the necessary criteria to successfully renew their residency permit on time.

11. Are there any language requirements for applicants to the programme?

Yes, there are language requirements for applicants to the Malta Global Residence Programme. Individuals applying to the programme are required to have a proficient level of English, as it is the official language of Malta and is widely used for business and daily communication. Applicants must demonstrate their language proficiency through a recognized language test or by providing evidence of having studied or worked in an English-speaking country. This requirement ensures that successful applicants will be able to integrate effectively into Maltese society and engage in various activities during their residence in Malta. It is important for applicants to meet these language requirements to qualify for the programme and fully enjoy their experience living in Malta.

12. Can participants in the programme travel freely within the Schengen Area?

Yes, participants in the Malta Global Residence Programme can travel freely within the Schengen Area. Malta is a member of the Schengen Area since 2007, and therefore, holders of a residence permit under this programme can enjoy the benefits of visa-free travel within the Schengen Zone. This means they can move between the 26 European countries that are part of the Schengen Agreement without the need for additional visas or border controls. Traveling freely within the Schengen Area can provide participants with the opportunity to explore different countries, conduct business, or simply enjoy leisure travel without the usual restrictions associated with visa requirements. It is important for participants to adhere to the rules and regulations of the Schengen Area during their travels to ensure a smooth and hassle-free experience.

13. How does the Malta Global Residence Programme compare to other similar programmes in Europe?

The Malta Global Residence Programme offers a pathway for non-EU/EEA individuals to obtain residency in Malta by investing in the country through real estate, stocks, or bonds. This programme is unique in the sense that it provides beneficiaries with a special tax status, allowing them to benefit from a flat tax rate on foreign income remitted to Malta.

When comparing the Malta Global Residence Programme to similar residence programmes in Europe, several key differences and similarities can be noted:

1. Investment Requirements: The investment thresholds for the Malta Global Residence Programme may be higher or lower compared to other European countries offering similar residence schemes. Each programme will have its own specific financial requirements.

2. Tax Benefits: The tax benefits provided under the Malta Global Residence Programme may differ from those offered in other European countries. Some countries may have more attractive tax incentives for foreign residents.

3. Residency Pathway: The procedures and requirements to obtain residency through the Malta Global Residence Programme may vary from other European programmes. Some countries may have faster processing times or simpler application procedures.

4. Visa-Free Travel: The visa-free travel benefits or freedom of movement within the Schengen Area may also differ between the Malta Global Residence Programme and other similar schemes in Europe.

5. Long-Term Residency Options: Some European countries offer a pathway to citizenship or permanent residency through their residence programmes, which may not be the case with the Malta Global Residence Programme.

Overall, the Malta Global Residence Programme has its unique features that may make it more or less appealing compared to other similar programmes in Europe, depending on an individual’s specific needs and preferences. It is essential for potential applicants to carefully assess and compare different programmes to determine which one best suits their requirements.

14. Are there any citizenship options available for participants in the Malta Global Residence Programme?

No, participants in the Malta Global Residence Programme do not have the option to obtain Maltese citizenship through this program. The Malta Global Residence Programme specifically offers successful applicants the opportunity to obtain a residence permit in Malta, allowing them to reside in the country for an indefinite period. However, this residence permit does not lead to citizenship. Individuals interested in obtaining Maltese citizenship would need to explore other pathways such as the Malta Individual Investor Programme (MIIP) or naturalization through residency and meeting specific eligibility criteria set by Maltese authorities. It’s important for participants in the Malta Global Residence Programme to be aware of the limitations of the program in terms of citizenship acquisition and to seek legal guidance if they have further aspirations in this regard.

15. Can participants in the programme apply for permanent residency in Malta?

Yes, participants in the Malta Global Residence Programme can apply for permanent residency in Malta under certain conditions. In order to be eligible for permanent residency, individuals must maintain their qualifying investment in Malta for a minimum period of five years. Additionally, applicants must continue to fulfill all program requirements and demonstrate a genuine connection to Malta, such as by residing in the country for a specified number of days each year. Meeting these criteria allows participants to apply for permanent residency in Malta, granting them the right to live and work in the country indefinitely. Permanent residency provides individuals with greater stability and security, making it an attractive option for those looking to establish a long-term presence in Malta.

16. What is the minimum stay requirement for participants in the Malta Global Residence Programme?

The minimum stay requirement for participants in the Malta Global Residence Programme is a total of 183 days per year. This means that individuals who hold residency through this program must physically reside in Malta for at least half of the year. Compliance with this requirement is essential to maintain eligibility and benefit from the various advantages offered by the program. It is imperative for participants to keep track of their days spent in Malta to ensure they meet the minimum stay requirement and remain in good standing with the program authorities. Non-compliance with this stipulation may lead to potential consequences, including revocation of residency status.

17. Are there any investment opportunities associated with the programme?

Yes, the Malta Global Residence Programme offers various investment opportunities for participants. These may include:

1. Real Estate Investment: Participants can invest in real estate in Malta, either by purchasing property or entering into a rental agreement. This can be a lucrative investment opportunity as property prices in Malta have been steadily increasing in recent years.

2. Government Bonds: Another option for investment is to purchase government bonds or stocks in Malta. This not only helps support the local economy but also provides a secure investment opportunity with potential for returns.

3. Business Investment: Participants can also choose to invest in a Maltese business or start their own business in the country. This can be a rewarding opportunity to contribute to the local economy and create jobs while also potentially generating profits.

Overall, the Malta Global Residence Programme offers participants a range of investment opportunities to choose from, allowing them to diversify their portfolio and potentially benefit from the growing Maltese economy.

18. How does Malta’s healthcare system cater to participants in the programme?

Malta’s healthcare system is well-developed and provides high-quality medical services to its residents, including participants in the Malta Global Residence Programme. The country has both public and private healthcare facilities, ensuring that residents have access to a wide range of medical services. Participants in the programme can avail themselves of the public healthcare system by obtaining a European Health Insurance Card (EHIC) or private health insurance. Furthermore, Malta has a network of hospitals, clinics, and specialist medical centers that cater to the needs of residents, including expatriates. The healthcare system in Malta has a good reputation for its efficient services, modern facilities, and high standards of care, making it an attractive destination for individuals seeking quality healthcare services.

19. Are there any additional fees or costs associated with the Malta Global Residence Programme?

Yes, there are several additional fees and costs associated with the Malta Global Residence Programme. These include:

1. Application fees: There is an initial application fee that must be paid when submitting your residence application.

2. Due diligence fees: These are fees paid for the due diligence process conducted by the Maltese authorities to assess the applicant’s background.

3. Contribution fees: Successful applicants are required to make a contribution to the Maltese government as part of the programme.

4. Real estate costs: To qualify for the programme, applicants must either purchase a property in Malta or lease a property at a minimum annual rent.

5. Legal fees: Seeking legal advice and assistance throughout the application process can incur additional costs.

It is essential for applicants to consider these fees and costs when planning to apply for the Malta Global Residence Programme to ensure they meet the financial requirements of the programme.

20. What are the key factors to consider before applying for the Malta Global Residence Programme?

There are several key factors to consider before applying for the Malta Global Residence Programme:

1. Eligibility: Applicants must meet certain criteria such as demonstrating a stable income, providing proof of health insurance, and passing a due diligence check.

2. Investment Requirements: Participants are required to make a financial investment in Malta, either through purchasing property or renting property at a certain value.

3. Tax Implications: It is important to consider the tax implications of becoming a resident of Malta, as the country operates a remittance-based tax system.

4. Real Estate Market: Understanding the real estate market in Malta is crucial, as property prices can vary significantly depending on the location and type of property.

5. Residency Obligations: Once approved, participants must adhere to the residency obligations outlined by the programme, including spending a certain amount of time in Malta each year.

6. Legal Assistance: Seeking legal advice from professionals experienced in the Malta Global Residence Programme can help navigate the application process smoothly and ensure compliance with all regulations.

Considering these key factors before applying for the Malta Global Residence Programme can help individuals make an informed decision and increase their chances of a successful application.