Malta Residence and Visa Programme (MRVP) FAQ’s
How Much Does the Malta Residence and Visa Programme (MRVP) Cost?
A non-refundable application fee of €5,500 is payable to Identity Malta on the application of the Malta Residence and Visa Programme (MRVP). Furthermore, a contribution of €24,500 is paid to the Government of Malta if the MRVP is approved. In addition, to add a parent/grandparent/spouse who was not on the original application, would require an additional €5,000 per applicant.
What is the Remittance Tax Rates in Malta?
If you’re a resident, but not domiciled in Malta, you’re taxed on:
(a) income and capital gains arising in Malta.
(b) any income (excluding capital gains) remitted to Malta.
Furthermore, any income occurring outside of Malta, what is not remitted to Malta, is not subject to tax in Malta.
Once you become a citizen in Malta, you pay tax at the standard rates on any income, capital gains and remitted income received in Malta.
What are the Current Tax Rates?
Individuals holding a residence permit in Malta pay tax at standard progressive income tax rates (the current maximum rate of tax is 35%). Similarly, this tax rate applies to every Maltese resident on their chargeable income.
Who can process my application for residency?
You can only submit applications for the Malta Residence and Visa Programme to Identity Malta through the services of an accredited person. As an accredited agent, Thomas Jacobsen (Managing Director of Papilio Services) can assist you and your family with any residency matters.