Acumum – Legal & Advisory Acumum – Legal & Advisory
  • Home
  • Expertise
    • Advisory
    • Aviation
    • Corporate
      • Project Finance | M&A
    • Energy
    • Citizenship & Residency
      • Citizenship Programmes
        • Saint Lucia
        • Saint Kitts and Nevis
        • Antigua and Barbuda
        • Dominica
        • Grenada
      • Malta Start-Up Residence Programme
    • Maritime & Yachting
    • Pharmaceutical, Bio-Tech and Medical Cannabis
    • Wealth and Estate
  • About Us
    • Fees
    • Recruitment
    • Royal Commonwealth Society – Malta Branch
      • CHOGM 2015
  • Acumum Chambers
  • Our People
  • Locations
    • Malta
    • UK
    • Ireland
  • News
  • Library
  • Contact Us
Acumum – Legal & Advisory

eu residency

Home / News / eu residency
07Nov

Malta EU Permanent Residency & Visa Rules For Non-EU Nationals

7 November 2015 Acumum Legal & Advisory News 14

Malta EU Permanent Residency

The Malta Residence & Visa Programme Regulations have come into force via Legal Notice 288 of 2015 (Malta Residence & Visa Programme Regulations 2015), providing Malta EU permanent residency for non-EU nationals.

Applying to 3rd country nationals (non-EU/EEA/Swiss), the regulations set out new rules as to who may be entitled to a Residency Certificate conferring upon them and their dependants the right to reside, settle and stay indefinitely in Malta, provided that certain conditions are satisfied.

Upon approval the Residency Certificate will be reviewed annually for 5 years, then every 5 years thereafter, to ensure adherence to the regulations.

Qualification Conditions
To qualify for the Malta Residence Certificate, the main applicant must:

  • be a third country national and not a Maltese, EEA or Swiss national;
  • not be benefiting from any other Maltese tax or residency programme;
  • must be a fit and proper person.

Main applicant must attest via affidavit that he/she has:

  • €100,000 annual salary; or
  • €5000,0000 in assets

Financial Contribution – €30,000 contribution to the Maltese Government

Property – Rental: minimum annual rental payment has to be at least €12,000 if the immovable property is situated in Malta or €10,000 if in Gozo or in the south of Malta, OR, Purchase: minimum value must be €320,000 or if property is in the south of Malta or in Gozo, the minimum value can be €270,000

Investment – €250,000 in Malta for a minimum of 5 years.

Further Conditions
The main applicant must:

  • have a valid travel document for himself and his dependants;
  • have an ‘all-risks’ EU wide health insurance for himself and his dependants;
  • provide an affidavit stating that from the date of application he has EITHER an annual income of not less than €100,000 arising outside Malta, OR has capital of not less than €500,000.

Current beneficiaries of the Global Residence Programme are allowed to apply for the issuance of this Certificate, provided they satisfy all the additional eligibility requirements of these regulations.

Dependants 

The rules establish that dependants must be:

  1. a)the main applicant’s spouse in a monogamous marriage, or in another relationship having the same or a similar status to marriage;
  2. b)a child, including an adopted child, of the main applicant or of his spouse who is less than 18 years of age;
  3. c)a child of the main applicant, or of his spouse, between the age of 18 and 26 and is not married and not economically active;
  4. d)a parent or grandparent of the main applicant or the spouse, who is not economically active;
  5. e)a child of the main applicant or spouse, who is at least 18 years of age, and who has been certified by a recognised medical professional as having a disability in terms of the Equal Opportunities (Persons with Disability) Act and who is living with, and is fully supported by, the main applicant.

Submission of applications

A non-refundable administrative fee of €5,500 is to be paid upon application. Upon the applicant’s acceptance under the Malta Residence & Visa Programme Regulations and the issue of a Letter of Approval by Identity Malta, the €5,000 is deducted from the contribution of €30,000.

Applications, must be represented by a registered approved agent or an accredited person.

Geraldine Noel of Acumum – Legal & Advisory is an accredited agent of the Malta Individual Investor Programme (Maltese Citizenship), as well as a Registered Mandatory Agent for all Malta Residency Programmes.

Read more
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

Acumum Office Address

260 St Albert Street
Gzira, GZR 1150
Malta (EU)

Terms of Use
Privacy Policy

T: +356 2778 1700
E: [email protected]

Copyright © 2022 Acumum