Residence in Malta

Malta Permanent Residence Vs Ordinary Residence


Malta Residence Schemes Compared

Permanent Residence Scheme

Ordinary Residence Permit

Tax on worldwide wealth

None

None

Tax rate on remitted income

15% (subject to min.)

Tax rates

Tax on worldwide income not remitted to Malta

None

None

Minimum annual tax

EUR4,192

0

Inheritance tax

None

None

Wealth tax

None

None

Investment required

None

None

Minimum stay

None

None, but must be present in Malta at time of application.

Property requirement

Rent or buy

Rent or buy

Malta address to be obtained

Before/during/after obtaining residence

Before obtaining residence

Application processing time

Short

1 day

Renewal (just a formality)

Annual

Annual

Cancellation / non-renewal

Only if conditions are breached

Only if conditions are breached

Eligibility

EU &non-EU nationals

EU and non-EU nationals, however issue of permits to the latter are subject to the authority‘s discretion.

Conversions between permits possible

Yes

Yes

Entitlement to citizenship

No

No

Practice Areas

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