– Special tax status in Malta;
– Maltese residence permit to holders (via a separate application);
– Possibility of double taxation relief;
– Possibility to pass on the Special Tax Status to one’s heirs under certain terms; and
– The above benefits without the obligation for long-term residency in Malta.
– Be represented by an Authorised Registered Mandatary (ARM);
– Be a third country national and a non-Maltese, EEA or Swiss national;
– Be in possession of a health insurance for him/herself and his/her dependants;
– Have stable and regular resources;
– Pass a fit and proper test;
– Be in possession of a valid travel document;
– Be fluent in one of the official languages of Malta; and
– Hold a qualifying property.
An aspiring applicant of the special tax status, who is not a long-term resident, is required to hold a qualifying property, the holding being either:
– An immovable property in Malta for a 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.
Persons who benefit under the Residents Scheme Regulations; the High-Net-Worth-Individuals (both EU & non EU, EEA/Swiss nationals) Rules; the Malta Retirement Programme Rules; the Qualifying Employment in Innovation and Creativity (Personal Tax) Rules; or the Highly-Qualified Persons Rules.
The Commissioner of Inland Revenue shall determine in writing that an applicant is granted the special tax status under the Rules.
– Beneficiaries are taxable at the rate of 15% on foreign source income remitted to Malta;
– Possibility to claim double taxation relief;
– Any other income not covered by the GRP Rules charged as separate income at the rate of 35% rate; and
– Minimum tax of €15,000 is payable by the holder of the tax status in respect of any year of assessment.
The GRP Rules list a set of continuing obligations that need to be satisfied by all successful applicants, being that the individual must:
• Not become a Maltese, EEA or Swiss national;
• Retain holding of the qualifying property;
• Not become a long-term resident;
• Retain insurance for him/herself and his/her dependants and continue to have stable resources; and
• Must not stay in any other jurisdiction for more than 183 days in a calendar year.
The GRP Rules also set up special reporting obligations, being the filing of an annual tax return and other notifications that must be complied with.
A non-refundable one-time registration fee of € 6,000 (€ 5,500 in the case of applications involving a qualifying property holding in the south of Malta or Gozo) must be paid upon application.