The Global Residence Programme confers a special tax status to Non-EU nationals in receipt of stable and regular resources. Applicants need to acquire a property for not less than €275,000 or rent a property for not less than €9,600 per annum. Should the property be situated in Gozo or in the South of Malta, the purchase value should not be less than €220,000 and the rental value should not be less than €8,750 per year. Apart from holding adequate health insurance covering the EU territory, applicants need to satisfy a “fit and proper test”. Applicants may not spend more than 183 days in any one foreign country in a year.
Foreign income received in Malta is taxed at a 15 per cent rate, with the possibility of claiming double tax relief. The minimum annual tax stands at €15,000 after claiming any applicable double tax relief.
A one-time registration fee amounting to €6,000 is levied by the Malta Government.
After being granted such a special tax status, clients can apply for their residence card on this basis.