Malta Global Residence Programme (GRP)

The Malta Global Residence Programme was launched to attract foreign entrepreneurs, High Net Worth Individuals and investors. The programme grants successful applicants residency and special tax status by setting the personal tax rate on external sources of income remitted to Malta at 15%.

The GRP is one of several Maltese Residency Programmes seeking to attract affluent investors to the Maltese islands. So, if you would like more specific details regarding what residence programme in Malta suits you, contact us today.

What are the benefits of Maltese Residency?

  • Visa-free travel to all Schengen Areas. Schengen Areas include most European states, Switzerland, Iceland, Liechtenstein and Norway;
  • Malta’s tax structure is designed to appeal to high net worth individuals;
  • Malta has a stable political, social and economic environment;
  • Malta has double-taxation agreements with over 70 countries;
  • Malta is located strategically with prime international flight and sea connections;
  • English speaking environment;
  • Tied for 14th safest banking system in the world (US – 24th, Germany – 53rd, UK – 59th) [World Economic Forum, 2018].

Are You Eligible for The Global Residence Programme (GRP)?

For a successful application to Malta’s Global Residence Programme (GRP), several conditions must be satisfied. If applying, you must:

  • Be a non-EU/EEA/Swiss national;
  • Receive regular and stable income which are of a sufficient level to be able to support yourself and any dependents;
  • Not be a person who is benefiting from any other Maltese residence or employment programme;
  • Must hold a valid travel document;
  • Hold a European Health Insurance policy for yourself and any dependents;
  • Be able to communicate adequately in Maltese or English;
  • Be a fit and proper person with no criminal record. Similarly, a due diligence exercise carried out by the Maltese Inland Revenue Department before the granting of the special tax status.
  • Hold a qualifying property. This property could be purchased in Malta for at least €275,000 (or €220,000 if based in Gozo or the South of Malta). On the other hand, applicants can also rent a property in Malta for at least €9,600 per annum (or €8,750 if rented in Gozo or the south of Malta).

A stunning harbour in Malta

Global Residence Programme (GRP) FAQ’s

What are the details of Malta’s tax benefits under the Global Residence Programme?

On the successful completion of the application process, the applicant would qualify for special tax status. Subsequently, successful applicants benefit from 15% tax on any income received in Malta from foreign sources.

Applicants must note that you will need to pay a minimum tax of €15,000 per annum. This minimum tax takes into consideration yourself, dependents and double taxation relief. Furthermore, any income arising in Malta is subject to tax at the standard rate of 35%.

A person qualifying under the Global Residence Programme rules must not stay in another jurisdiction for more than 183 days in any calendar year.

What do I need to do to obtain a Global Residence Programme in Malta?

You can only submit applications to the Commissioner of Inland Revenue through the services of an authorised registered mandatory. Therefore, as an accredited agent, Thomas Jacobsen (Managing Director of Papilio Services) can assist you with all of your residence matters.

A non-refundable application fee of €6,000 (€5,500 if the applicant is settling in Gozo or the south of Malta) is payable to the Commissioner of Inland Revenue on application.

Who can I add as dependents on the Global Residence Programme application?

The GRP allows for the following persons to fall under the definition of dependents:

  • The applicant’s spouse;
  • Minor children, who are in the care of the applicant;
  • Persons under the age of 25, including adopted children who are in the custody of the applicant;
  • Children, including adopted children, who are not minors but who because of illness or disability, are unable to support themselves.

Papilio Services Limited

Are you thinking of moving to Malta? Papilio Services offer a variety of services for business and individuals from residency programmes, company formation, tax advice and much more. We pride ourselves on client retention and quality service, offering bespoke and tax-efficient solutions for international companies and individuals.

If we can help you become more tax efficient, contact us through email enquiry@papilioservices.com or call us directly +356 2122 7553. We look forward to hearing from you.

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