The Republic of Malta stands out like diamonds in the Mediterranean. With bright sunshine, clear water, red sandy beaches, and the unique underwater scenery, Malta is one of the most famous and beautiful tourist destinations in the world, delivering you the opportunity to enjoy a cozy life amongst blooming flowers throughout the year, with evergreen plants, any gentle sea breezes that freshen the air. Processing the membership to the European Union, Eurozone, Schengen Area, the British Commonwealth, Malta enjoys the benefits of international cooperation. With the benefit of an English teaching environment, as well as close ties with British and American colleges and universities, Malta is proud to provide an excellent education to students who wish to achieve academic excellence and gain an international mindset. Studying in Malta gives the students easy access to elite universities. In the meantime, with her long history of the health service since 1372 and her continuing effort in health care improvement, Malta is ranked fifth by WHO’s Measuring Overall Health System Performance amount 191 Countries. Respect is given to the medical staffs, and the local hospitals provide high-quality service in the finest of facilities. The sound economic environment and the perfected facilities ensure you a high life.
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.