Malta Global Residence Programme (GRP)
The Malta Global Residence Programme was launched to attract Non-EU entrepreneurs, High Net Worth Individuals, and investors. The Malta tax residency programme grants applicants special tax status by setting the personal tax rate to 15% on external sources of income remitted to Malta.
If you’re an EU/EEA/Swiss national and looking for a similar Malta tax residency programme, the Malta Residence Programme is what you’re looking for.
As Authorised Mandatories (ARM00905), we can help our clients obtain this 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 Maltese Global Residence Programme.
Benefits of Malta Global Residence Programme (GRP)
Requirements for The Global Residence Programme in Malta
For a successful application to the Malta tax residency programme several conditions must be satisfied. If applying, you must:
Malta Global Residence Programme Application Process
Step 1: Applicants must complete an application form and questionnaire ready to present to the Maltese Government. This would be completed with guidance from the Authorised Mandatory. Moreover, there will be additional KYC documents required to be given to the Authorised Mandatory.
Step 2: After successfully completing the paperwork, the Authorised Mandatory will submit your documents to the authorities along with your non-refundable application fee of €6,000 (€5,500 if the applicant is settling in Gozo or the south of Malta).
Step 3: The Maltese Government will check your documentation and conduct relevant interviews with the main applicant.
Step 4: If successful, the main applicant will receive a letter of approval in principle. This letter is valid for 12 months. To benefit from the Malta tax residency programme, you must provide evidence that:
Step 5: On the successful completion of the application process, the applicant would qualify for special tax status and subsequently benefit from 15% tax rate on remitted income.
Obligations for the Programme
Any applicants to this programme have to adhere to certain obligations to remain qualified for this programme. The applicant must:
Malta Tax Treatment on Income
The tax rules are clear for any income earned and where it is remitted to.
Dependents on the Malta Global Residence Programme application
The GRP allows for the following persons to fall under the definition of dependents:
Malta Tax Residence Certificate
A Tax Residence Certificate (TRC) may be issued by the Maltese Inland Revenue Department, however for the applicant to receive a Tax Residence Certificate, they must meet the Maltese Inland Revenue’s conditions to be classed as a tax resident of Malta in terms of Maltese domestic law.
Take advantage of our FREE consultation
If you are considering the Malta Global Residence Programme, Papilio Services can help! We are accredited agents through Identity Malta to offer this tax residency programme. Contact us and we will arrange a residency planning consultation to guide you through the application process and answer any questions you have.