Malta Ordinary Residence

Tax & Residency Status in Malta for EU & EEA nationals

Malta Ordinary Residence


The Malta Ordinary Residence Programme is an attractive residence Programme currently available to EU & EEA nationals, as well as nationals of Switzerland seeking to transfer their tax residence to a safe and tax efficient jurisdiction such as Malta. Malta Ordinary Residence permit holders enjoy the right to reside and work in Malta, as well as travel freely across the Schengen area. Families benefit from a high standard of education and healthcare, which is also free. Upon applying for the Programme, one is usually granted the permit within 8 weeks. 

The Malta Ordinary Residence Scheme is an attractive residence scheme currently available to EU & EEA nationals, as well as nationals of Switzerland seeking to transfer their tax residence to a safe, high quality and taxefficient jurisdiction such as Malta.






Country Highlights

CAPITAL CITY: Valletta LANGUAGES: Maltese, English
SCHENGEN: Full Member Since 2007 CURRENCY:Euro €
TOTAL AREA: 316 km² POPULATION: 417,432
NEAREST COUNTRY: Italy, 255 km TIME ZONE: Central European Time Zone (UTC+01:00)


Legal Basis

Maltese Ordinary Residence is available to EU nationals by virtue of EU Directive 2004/38/EC which was implemented in Maltese legislation by means of Legal Notice 191 of 2007.


Benefits

  • Right to reside and work in Malta;
  • Safe, high quality & tax efficient jurisdiction;
  • Residence card within 6-8 weeks;
  • Family members are included in the programm;
  • Ordinary Residence card gives Schengen Residence.

Residents of Malta under the ordinary residency scheme and who are not domiciled in Malta are taxable on a remittance basis. Accordingly, ordinary residents are not taxable on foreign source income not received in Malta and also not taxable on any capital gains arising outside Malta, whether remitted to Malta or otherwise.

The Budget Implementation Act passed recently this year, introduced a minimum annual tax in Malta of €5,000 for individuals or couples who are resident but not domiciled in Malta, and who earn at least €35,000 yearly.


Eligibility

  • EU & EEA Nationals are Eligible;
  • Evidence of  Financial Independence;
  • Purchase or rent property in Malta;
  • Must to have full health insurance.


Process & Timeline




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Key Contacts

Dr Jean-Philippe Chetcuti

Global Managing Partner & Founder

+356 22056411

Mr Kenneth Camilleri

Senior Partner, Global Immigration & Tax

+356 22056414

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