So now you have a good idea of how Maltese residency can be beneficial for you and your family.
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Let’s now move forward and talk about your options for relocation.
So, Residency and Citizenship (by investment) programs can be broadly classified into two main categories, namely:
Then there are those that simultaneously combine solutions for both Entry and Access to various countries.
If you are a tax resident of Malta but not domiciled in Malta, then all your income generated in Malta will be taxed. All the foreign source income remitted to Malta will also be taxed. In simple words, you will only be taxed if you become a Malta tax resident.
Capital gains arising outside Malta will remain non-taxable in Malta even if received in Malta. If you are neither ordinarily resident nor domiciled in Malta, then you’ll be taxed only on income arising in Malta i.e. income having a Malta source.
The Global Residence Program grants you a 15% beneficial tax rate on income received in Malta from foreign sources.
You may also have the possibility to claim relief from double tax treaties. To date, Malta has concluded more than 72 double taxation agreements for the avoidance of double taxation.
Our professional tax advisors can assist you in clarifying all your doubts.
|Entry Programs for Visa Free Travel||Access Programs for Residency|
Entry type of programs mainly caters to those looking for visa-free travel. The prime scope is therefore to provide you with a travel document, essentially a second passport.
These are typically lower cost citizenship by investment options.The most well-known programs are in the Caribbean, where low investment minimums and quick processing times attract investors.
In order to get a passport, you might never even have to physically visit the issuing country.
Even the background checks and legal documentation are also relatively easier.
Though the Caribbean islands are stunning, it might be less likely you would consider living there permanently.
Caribbean citizenship through investment tend to be a more risky and reliable in the long run.
‘Access’ type of investment programs give you and your family the right to permanently reside in one particular country.
The main aim of such programs is to provide you and your family an opportunity for a better lifestyle.
You will likely also be able to establish a business, apply for work and even send your children for education.
You will be able to live in the country forever, without having to exit every number of days.
Now that the Entry and Access Programs are clear to you on basic levels;
Answer: Under the MRVP a qualifying property means the acquisition of real estate with a minimum value of €320,000 (€270,000 if located in Gozo or the South of Malta) ) to be held for at least 5 years; or the lease of a residential immovable property in Malta for a period of 5 years, at an annual rent of at least € 12,000. (€10,000 if located in Gozo or the South of Malta).
For more please visit MRVP FAQs page.
Malta’s jurisdiction is an attractive option if you are looking for opportunities to relocate.
If you are thinking of becoming a Resident of Malta, some of the many factors that rank Malta amongst the top ones are:
Many residents are attracted to this island state every year. They may be freelance professionals who can work remotely or retirees from countries like Northern Europe or the UK.
Everyone who makes a decision to become a resident of Malta is attracted to its natural beauty and architecture; relaxed lifestyle; affordable cost of living along; and its rich historical culture.