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Expat Residential Scheme in Malta

Expat Residential Scheme in Malta

Updated on Tuesday 19th April 2016

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Expat-Residential-Scheme-in-MaltaMalta is a very attractive country to live in and that is why many foreign citizens consider the country and its islands a perfect destination to relocate or retire to. The Maltese Government has also taken important measures to attract foreign citizens’ attention by providing them with personalized residential schemes. The Government has created numerous residence schemes for expatriates depending on whether they want to retire or come to work in Malta. There are also two different tax regimes for expatriates in Malta. One of the greatest benefits of relocating to Malta is that there are no inheritance or annual property taxes.

Expats seeking employment in Malta

Foreign citizens may come to Malta under the expatriates’ residential scheme. Foreign citizens working in the financial services industry will benefit from a reduced tax rate on the income. Expats will benefit from a 15% tax rate and a 0% tax rate for incomes exceeding five million euros when working in Malta. Any income arising from work relations outside Malta will not be taxed as long as it is not remitted in the country. Expats do not pay any capital gains tax. In order to qualify for the Malta expat residential scheme, one must:

  • - not be domiciled in Malta,
  • - have certain competences and qualifications,
  • - earn at least 75,000 euros per year without any other benefits.

For information about the qualifications required to apply for the expat residential scheme, you may refer to our Maltese lawyers.

The Malta expat residential scheme for retirees

Retired expatriates may move to Malta under the General Tax Law or under the Residential Scheme. According to the Maltese General Tax Law, retired expatriates may reside in the country without paying any taxes on the foreign capital gains remitted in Malta.

The Residence Scheme is the second program retired expatriates may relocate to Malta. The Residence Scheme is available for all EU and non-EU citizens. Under the Malta Residence Scheme, foreign citizens may qualify, even if they have spent less than half a year in the country and:

  • - they must own assets worth at least 349,000 euros outside Malta or a minimum annual income of 23,000 euros,
  • - they must purchase a Maltese flat worth at least 69,000 euros or a house worth at least 116,000 euros.

For information on how to apply for the expat residential schemes, please contact our attorneys in Malta.




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