Does Malta have any programmes to make me more tax-effective?
Malta is an attractive place for high-net-worth individuals and their families to relocate to, and in turn, has created several exciting programmes for residency and citizenship.
One programme is only open to non-EU/EEA/Swiss nationals. The Malta Global Residence Programme (GRP) was launched to attract foreign entrepreneurs, High Net Worth Individuals and investors by granting successful applicants residency and special tax status by setting the personal tax rate on external sources of income remitted to Malta at 15%. For more information on this programme, visit our page.
There is also the opportunity for EU/EEA/Swiss nationals to apply for attractive tax rates. You can qualify for the ‘Highly Qualified Persons Rules’. This Malta Residence programme seeks to attract highly qualified persons in the financial, gaming and aviation sectors by offering a 15% flat rate of tax on income up to €5 million. Also, any income over that €5 million is tax-free. To qualify for this tax incentive, the applicant must earn a minimum of €85,016 per year and occupy a specific position within a business. For more information on this programme, visit our page.
For more information on any of Malta’s Residency Programmes and how you can apply, contact us today for a free consultation. We can get you, and any dependents, started with the application process to make you more tax effective.
If you have any more questions regarding your personal or business taxation requirements, visit our website on taxation giving you information for businesses and individuals. Alternatively, don’t hesitate to contact us if you need more tailored information based on your needs.