The Malta Residence Programme is ideal for individuals and families who are interested in taking up residence in Malta. Beneficiaries would also be able to take up employment in Malta subject to obtaining the necessary work permits.
The tax benefit will consist mainly of the right to pay tax at a flat rate of 15% on all foreign source income which is remitted to Malta. Any other income (such as local source income) is subject to a flat rate of 35% tax.
A minimum annual tax liability of €15,000 covering the main applicant and dependents included on the same application.
Beneficiaries of The (Malta) Residence Programme will need to pay a minimum tax of €15,000 annually, covering the beneficiary and his dependants, on income arising arises outside Malta and remitted in Malta
Any other income arising in Malta will be subject to tax at a flat rate of 35%.
Beneficiary would also be able to benefit from double taxation relief.