Investment Services and Insurance Expatriate Residency in Malta

About the Investment Services and Insurance Expatriate Residency in Malta

Expatriates that are employed by or provide services to Investment Services companies or Insurance companies can benefit from a favourable tax status due to a variety of tax exemptions in place.

For this exemption, an investment services company is a company that holds an investment services licence under the Investment Services Act or is recognised by the authority to manage, administer, safe keep or provide investment advice about collective investment schemes.

Likewise, for the purpose of this exemption, an insurance company is a company that is authorised under the Insurance Business Act and whose sole activities relate to insurance.

Eligibility of the Investment Services and Insurance Expatriate in Malta

To ensure that the applicant is eligible for these tax incentives, they must satisfy both points below:

  • The applicant is not an ordinary resident in Malta and not domiciled in Malta.
  • The applicant was not resident in Malta for a minimum period of three years immediately preceding the year in which they commence employment. Moreover, during the three years, the individual must be employed in a similar position outside Malta.

    Tax Benefits for the Investment Services and Insurance Expatriate

    An expatriate in investment services or insurance services, for the period from the year preceding the first year of assessment, can benefit from a tax exemption on income relating to the following expenditure that may be incurred by Investment Services Company or Insurance Company of which they are an employee:

  • Removal costs when relocating to or from Malta.
  • Accommodation expenses that have occurred in Malta.
  • Travel expenses for investment service expatriates and insurance expatriates with visits to and from Malta to visit family.
  • Car allowance to use in Malta.
  • A subvention of €600 per calendar month.
  • Medical expenses and medical insurance.
  • School fees in respect of the children of the Investment Services.

    The expatriate shall also be exempt from tax with regards to fringe benefits or other extensions such as receipt of interests, discounts, premiums, or royalties.

    Legal Information

    Investment Services and Insurance Expatriate is part of Article 6 of the Income Tax Act Chapter 123. For the Income Tax Act, click here or contact us directly for Malta Residence advice by clicking here.

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    Contact Us

    As Malta residency specialists, we can assist and advise expats in Malta with all residency requirements concerning the Investment Services Expatriate or Insurance Expatriate tax benefits as well as a variety of other residency programmes.

    We are authorised registered mandatory and we are fully licenced to handle and submit applications for the Malta tax residence programme. Contact us and we will arrange a residence planning consultation to understand your situation and start the application process for the tax residence programme.

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