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Acumum – Legal & Advisory

eu citizenship

Home / News / eu citizenship
07Nov

Malta EU Residency Programme – 15% Income Tax

7 November 2015 Acumum Legal & Advisory News 14

Schengen EU Visa Free Travel

Residency in Malta – Politically & Economically Stable

No Wealth Criteria

No Inheritance or Exit or Entry Taxes

The ‘Residence Programme Rules, 2014′, detailing new rules allowing for a special tax residency in Malta of EU/EEA/Swiss nationals have come into force pursuant to Legal Notice 270 of 2014 on the 8th of August 2014.

The legal notice and the programme have been given retrospective effect, thereby have been backdated from the 1st of July 2013.

Non-EU nationals may apply under the Global Residency Scheme, the details of which can be found here.

Special Tax Status

Subject to satisfaction of the conditions of the programme, beneficiaries under the programme only pay

  • 15% tax on income brought into Malta (foreign sourced income), provided that a minimum amount of tax payable is €15,000 per year
  • Foreign sourced income not brought into Malta is not taxed in Malta
  • Capital gains are not taxed in Malta.

Under the Residence Programme Rules, the applicant must:

  • Property Rental
    • €9,600 per year in Malta, or
    • €8,750 per year in Gozo or in the south of Malta, OR
  • Property Purchase
    • €275,000 in Malta, or
    • €220,000 if situated in Gozo or in the south of Malta
  • Cannot benefit from other tax programmes of Malta – Residence Scheme Regulations, the High Net Worth Individuals Rules, the Malta Retirement Programme Rules, the Global Residence Programme Rules, the Qualifying Employment in Innovation and Creativity (Personal Tax) Rules or the Highly Qualified Persons Rules
  • Applicant has stable and regular resources that are sufficient to maintain the applicant and his dependants
  • Be in possession of a valid travel document
  • Have EU wide sickness insurance, covering himself and his dependants;
  • Speak adequately in English or Maltese
  • Fit and proper person
  • Not stay in any other jurisdiction for more than 183 days in a calendar year.

Acumum – Legal & Advisory is an Authorised Registered Mandatory by the Malta Government, allowing us to assist individuals and families in residency in Malta.

Read more
07Nov

Malta Citizenship by Investment – Individual Investor Programme (IIP)

7 November 2015 Acumum Legal & Advisory News 10

Malta Citizenship by Investment

Individual Investor Programme (IIP)

The Government of Malta has recently reached an agreement with the EU Malta EU CitizenshipCommission on the Individual Investor Programme (IIP) which allows Malta to grant Maltese citizenship by investment to foreign individuals and their families.

The new citizenship programme – Malta Individual Investor Programme – is aimed at high net worth individuals and families wishing to secure citizenship of an EU member state with high standards of living.

The IIP grants Maltese residency to suitable applicants who qualify under the strict due diligence standards and vetting process, and who make a significant contribution to the economic development of Malta via the National Development Fund established by the Government.

Eligible persons will be required to meet the following minimum requirements:

  • Contribute at least €650,000 to the Maltese National Development and Social Fund;
  • Hold a property in Malta (of a value of minimum €350,000 if purchased or annual payments of minimum €16,000 if rented) for a period of at least five years;
  • Invest at least €150,000 in local stocks, bonds, debentures, special purpose vehicles or other investments accepted by Identity Malta for a period of at least five years.

Individuals must satisfy a residency requirement of a minimum period of 12 months and will be subject to extensive due diligence checks, including a personal interview before naturalisation is granted.

Please see:

  • Malta Citizenship
  • Malta Immigration
  • Malta Residency – 15% tax
  • Malta Citizenship by Investment
  • Read more

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