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Malta offers various advantageous programmes to individuals seeking to relocate to Malta. CSB Group's Immigration consultants guide qualifying applicants throughout the whole application process and assist with relocation and taxation matters.
The Global Residence Programme – Malta
A Tax Residence Programme for non-EU, non- EEA and non- Swiss nationals.
The Global Residence Programme (GRP) Rules is aimed to attract wealthy individuals from outside the European Union, Switzerland or the Economic European Area seeking to take up tax residence in Malta.
Which are the main requirements to apply for the Global Residence Programme?
The applicant and his or her dependants must be represented by an Authorized Registered Mandatory (ARM) like CSB Group, who will advise and process the application for the Global Residence Programme.
Also, applicants have to be third-country nationals – or in other words, EU, EEA and Swiss nationals cannot apply for the Global Residence Programme (but they are allowed in “The Residence Programme”).
Aside from passing a “fit and proper” test, having health insurance ad submitting all the relevant documentation, applicants will need to hold qualifying property in Malta with the following characteristics:
Purchase of property for a minimum of EUR220,000 if located in Gozo or South of Malta or EUR275,000 if located in other parts of Malta.
Rental of property for a minimum of EUR8,750 if located in Gozo or South of Malta or EUR9,600 if located in other parts of Malta
The above property requirement plus, a non refundable Application fee of EUR5,500 if the property is in Gozo or the South of Malta or EUR6,000 if situated in other parts of Malta is applicable when applying for the Global Residence Programme.
The Global Residence Programme: The Benefits
Applicants taking up residence in Malta through the Global Residence Programme will benefit from a special and favourable tax status and treatment as follows:
no Malta tax would be chargeable on income arising outside Malta which is not received in Malta;
no Malta tax would be chargeable on capital gains realised outside Malta even if these are received in Malta;
income arising outside Malta which is received in Malta would be chargeable to tax in Malta at the flat rate of 15%;
income arising in Malta and capital gains realised in Malta would be taxable in Malta at the higher rate of 35%.
Also, applicants will be entitled to the relief of double taxation otherwise suffered on income arising outside Malta which is received in Malta. Such relief would be available in the form of unilateral relief, or, alternatively, under a treaty in force between Malta and the country of source of the relevant income.
Under the said programme, the applicant would be required to make an annual minimum Malta income tax payment of at least €15,000 whether funds are remitted to Malta or not.
How can we help you?
With over 30 years of experience in the corporate and financial services industry in Malta, CSB Group is commited to provide top-notch services to Private Clients worldwide. CSB Group, has been providing Investment immigration services to High-Net-Worth families since the inception of these programmes.
As an Authorized Registered Mandatory (ARM), the CSB Group Advisory team will be happy to assist you and provide you with a quote for the Global Residence Programme that can satisfy the needs of you and your family.
Our team at CSB Group will guide you through the process of becoming a resident in Malta through the Global Residence Programme, whilst the Consultants from Sotheby’s International Realty will be able to find you the right property to fulfil the investment criteria and your investment needs.
Citizenship & Residence Planning Services
We offer assistance with the following programmes
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Need our assistance with Citizenship & Residence Planning services?
CSB Group has more than 30 years of experience and the expertise needed to help you with all your immigration service needs.