In order to obtain Maltese residency, foreign individuals must live in the country for at least six months. There are no requirements for foreign citizens purchasing properties in Malta in order to gain residence, except if applying for an acquisition of immovable property permit (AIP). Malta has different programs allowing EU/EEA (European Economic Area), non-EU/EEA and Swiss nationals to obtain residency in the country.
The Malta Residence Program was launched in 2014 for EU citizens who want to take up residence in the country. EU citizens will mainly benefit from a flat tax rate of 15% on foreign incomes remitted to Malta, but other tax benefits are also available. The Residence Program regulations stipulate that EU/EEA and Swiss citizens must rent or purchase a Maltese property in order to gain residency. The conditions for buying a property under the Residence Program are:
Applicants must also have health insurance and regular incomes when applying for the Malta Residence Program. The application must be submitted through an Authorized Registered Mandatory.
Our lawyers in Malta can assist you with all relevant immigration documents.
The Global Residence Program was launched in 2013 and is addressed to non-EU citizens. Non-EU foreigners are allowed to obtain Maltese residency by purchasing a property on the island. The requirements for the Global Residence Program are:
Applicants of the Global Residence Program also have the right to work or open a company in Malta.
For complete details about the requirements of residence programs and for real estate due diligence procedures, you can contact our law firm in Malta.
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