Are you a high-net-worth Indian national looking at obtaining EU Permaneny Residency? Or perhaps looking for a hot and secure property investment? Are you looking for a bespoke concierge service to help you obtain EU residency? If yes, you have landed on the right page.
Malta is an expat’s dream, an island where you can enjoy over 300 days of sunshine, ample sandy beaches, a mild climate, welcoming people, fantastic food and nightlife, and a first class quality of life. Mumbai is twice the size of Malta, whilst Delhi is nearly five times larger than Malta. It does however have so much ot offer. The English-speaking island offers 7,000 years of history, an overflowing cultural calendar for all ages, a strong and growing economy, a very low crime rate and top-notch health and education systems.
We assist Indians and third-country nationals with obtaining permanent EU residency in Malta, by availing of one of the various residence and visa programmes the island has to offer. With over 50 years of experience, we provide a top-notch property and relocation service to anyone interested in moving to Malta. These services range from helping you find that special home, to putting you in touch with the right people to help you find the residence and tax programme that best fits your needs.
Malta can be the perfect relocation option for you and your family, whether it is for business/investment, retiring or to live here. Below are a number of reasons why you should choose Malta as your next residence relocation.
Property investment in Malta has been extremely buoyant since 2007 and forms an integral and important part of the country’s economy. Home ownership in Malta accounts for 80% of purchased properties, with the rest being put up for rent, due to the increased influx of foreign nationals relocating to the island.
With countless new upmarket projects on both Malta and Gozo and property sales at an all-time high, there seems to be no slowing down. Record numbers of Promise of Sale Agreements are being signed month after month according to the latest official figures from the Malta National Statistics Office. The result is that Malta’s property market has continually outperformed many others in the EU and this has made the country a very attractive destination, not only because of the capital appreciation of its real estate, but also because investing in real estate is regarded as liquid and therefore qualify for consideration when acquiring Malta citizenship by investment, given that certain criteria are met.
Taxation under the Maltese system is based on residence and domicile. Residence for Malta tax purposes shows an intention to reside in Malta indefinitely. It may also be a basis of physical presence in Malta of at least 183 days.
Non-tax residents of Malta or those who are non-domiciled in Malta are taxable only on Malta source income and gains. Non-domiciled Malta residents are taxable on remittance only on foreign source income, not on foreign-source capital. It should be remitted to Malta only and is subjected to a minimum tax of €5,000. The minimum tax applies to individuals and couples who earn at least €35,000 in annual income outside Malta. Income and capital gains in Malta are applicable to personal income taxes.
Capital gains outside Malta will be outside the scope of Maltese tax regardless if remitted to Malta or not. Capital and savings remitted to Malta also fall outside the scope of Maltese tax.
With a number of residence programmes available to Indian nationals, picking the right one might seem a daunting process, but it does not need to be. The various programmes range from those intended to obtain a permanent residence status to programmes giving a special tax and temporary residence status. Each carry their own set of merits and requirements, with the most popular ones with Indian nationals being the Malta Premanent Residence Programme and the Malta Citizenship by Direct Investment Programme.
We will navigate the market to find the right opportunity for you. In the meantime, here is a very small taste of what of properties and investment options Malta has to offer.
*Please note we do not offer work or visas in Malta.