The Malta Global Residence Permit (GRP) is a residency programme that offers applicants a special tax status. It is designed to attract individuals who are not nationals of the EU, EEA or Switzerland and who are not long-term Maltese residents. Individuals benefitting from this programme may work in Malta, provided they satisfy the requisite conditions for obtaining a work permit.
The main applicant, his/her spouse and children under the age of 25 are automatically eligible for inclusion. Additional qualifying individuals include financially dependent relatives and non-family members who are bona fide members of the household.
In order to qualify applicants are required to:
- Invest in property valued at a minimum of €275,000 (€220,000 in Gozo or the South of Malta)
- Hold a rental contract for at least €9,600 per year (€8,750 in Gozo or the South of Malta)
- Be economically self-sufficient
- Not spend more than 183 days per annum in any other country
- Pay a combined minimum annual tax contribution of €15,000
- Hold health insurance covering the EU
- Hold valid travel documents
- Establishing Tax Residency in Malta
Establishing Tax Residency in Malta
Global Residents are not required to provide a minimum day count of their physical presence in Malta. They are however required to declare that they are not resident in another country for more than 183 days per year.
Qualifying applicants are issued with a residency certificate and a Tax Identification Number (TIN).
Malta has over 60 double tax agreements, ensuring that tax should not be paid twice. Income and capital gains generated from activities or assets within Malta are subject to personal income tax, but non-domiciled tax residents benefit from the following:
Why work with Sovereign?
Sovereign’s extensive network of offices and professional service partners means that we are best placed to assist, advise and support applicants throughout the application procedures. We work closely with applicants during each stage of the process to ensure the success of their GRP application.
Contact Sovereign for further information or to receive an all-inclusive fees quotation
The total costs of a Malta GRP application will depend upon a number of factors, including the investment option selected and the number of family members included in the application. Please contact Sovereign to request further information, discuss your personal requirements and/or obtain an all-inclusive fees quotation.