Malta offers a straightforward way to secure an EU residence permit through its Global Residence Programme. This programme is designed for high-net-worth individuals who seek the benefits of living in Europe without the complexity found in other countries. Julia Loko, Investment Programs Expert at Immigrant Invest, explains the conditions, costs, and application process of obtaining a residence permit in the EU, so you can see if this programme fits your goals.

Colored Fishing boats in Marsaxlokk harbor, Malta

What is Malta Global Residence Programme?

Malta Residence Permit Program allows non-EU nationals to gain residency in Malta by investment. Applicants must meet specific financial and property requirements to qualify.

To obtain a residence permit under the Malta Global Residence Programme, the applicant must:

  1. Be a non-EU/EEA/Swiss national.
  2. Purchase or rent real estate in Malta: €220,000+ for purchase or €8,750+ annually for rent.
  3. Pay a minimum annual tax of €15,000.
  4. Hold health insurance and a stable, legal income.
  5. Have a clean criminal record and basic proficiency in English or Maltese.
  6. Pay an administration fee of €5,500+.
  7. Meet all Due Diligence and legal requirements.

One of the main advantages is Malta’s flat income tax rate of 15% on foreign income brought into Malta. This rate applies after a minimum tax payment of €15,000 per year. Malta also has no inheritance, wealth, or property taxes, making it an attractive option for those seeking a low-tax jurisdiction.

9 Benefits of Living in Malta

1. EU travel freedom. Malta’s residence permit allows you to travel within the Schengen Area without additional visas.

2. Low taxes. Malta’s tax system is favourable for individuals who bring foreign income into the country, with no wealth or inheritance taxes.

3. Stable economy. Malta offers a stable economy with continuous growth, making it a secure place for investment and business.

4. English-speaking environment. English is one of Malta’s official languages, making daily life easier for many expats.

5. Mediterranean lifestyle. With mild weather and access to the Mediterranean, Malta offers a relaxed and enjoyable lifestyle.

6. High-quality healthcare. Malta provides residents access to excellent healthcare services, which are ranked among the top in Europe.

7. Strategic location. Malta’s central position in the Mediterranean offers convenient connections to Europe, North Africa, and the Middle East.

8. Safe and secure. Malta is known for its low crime rates, providing a safe environment for residents and their families.

9. Family inclusion. The programme allows you to include family members, such as spouses, children, siblings, parents and grandparents, under the same permit.

Who can obtain a Malta residence permit?

The Malta Global Residence Programme is open to non-EU nationals who meet specific financial and property requirements. Main applicant must be financially self-sufficient, able to invest in property, and meet the minimum annual tax contribution.

Malta Residence Permit Program does not require applicants to reside in Malta for any length of time. However, they cannot spend more than 183 days per year in a country other than Malta. 

List of documents

To apply for the Malta residence permit under the Global Residence Programme, you’ll need to provide several key documents:

  • a valid passport;
  • proof of income or financial stability;
  • a property lease or purchase agreement in Malta;
  • medical insurance coverage for all applicants;
  • police clearance certificates;
  • a declaration of intent to reside in Malta;
  • proof of the required financial contribution and investment.

How to Apply for Malta Residence Permit

Applying for a residence permit under Malta’s Global Residence Programme is a structured process.

  1. Submit an application. The first step is to submit your completed application through a licensed agent in Malta, along with all necessary documents.
  2. Pay the government contribution. You will need to make the required government contribution upon approval of your application.
  3. Meet the property requirements. Either purchase or rent property in Malta that meets the programme’s value criteria. The lease or purchase agreement must be in place before residency can be granted.
  4. Undergo Due Diligence. Malta conducts thorough Due Diligence to ensure applicants meet all legal and financial criteria. This process ensures that only individuals with clean backgrounds are approved.
  5. Receive your residence permit. Once all steps are completed and approved, you’ll be issued a residence permit, allowing you to live in Malta and travel within the Schengen Area.

Conclusion

Malta’s Global Residence Programme offers an efficient pathway to securing EU residency. The programme’s flexibility, combined with favourable tax rates and an attractive Mediterranean lifestyle, makes it an excellent option for high-net-worth individuals. If you’re interested in gaining residency by investment in the EU, start your application process with the help of a licensed agent.