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.
Tax Residence Certificate
A Tax Residence Certificate (TRC) may be issued by the Maltese Inland Revenue Department, however in order for the applicant to receive a Tax Residence Certificant, they must meet the Maltese Inland Revenue’s conditions in order to be classed as a tax resident of Malta in terms of Maltese domestic law.