The Malta Ordinary Residence is a programme designed to attract individuals who are nationals of the EU, EEA or Switzerland and who are not permanent residents of Malta, to transfer their tax residence to Malta and thereby benefit from a tax friendly jurisdiction. Applicants under this programme are not taxable on income arising outside Malta but not received in Malta. Similarly, there is no tax levied on any capital gains arising outside Malta whether remitted to Malta or otherwise. The minimum tax payable is €5,000 yearly for non-domiciled individuals or couples who are resident in Malta and who have a yearly income of at least €35,000.
PROGRAMME HIGHLIGHTS
Residence is granted by seeking employment or by providing proof of economic self-sufficiency. Both options require that the applicant abides by the criteria set out by Identity Malta whilst also submitting relevant documentation to support the application.
The applicant is required to either purchase or rent a property prior to submitting the application. There is no minimum purchase or rental value set out. However, should the applicant opt for renting a property, the rental agreement should not be less than 6 months.