Residence in Malta

Ordinary Residence

Ordinary Residence Permit

Ordinary residence is an attractive residence scheme currently available to individuals seeking to transfer their tax residence from high-tax countries to overseas lower-tax jurisdictions such as Malta. The ordinary residence permit is aimed more for the citizens of the European Union who wish to take up residency in Malta. However non-EU/EEA citizens may also utilize the benefits of this scheme. The financial qualifications are easy to satisfy and ordinary residents are entitled to the following benefits:

  1. No minimum stay requirements;
  2. No worldwide income/wealth tax – tax only paid on income remitted to and kept in Malta;
  3. No need to purchase property;
  4. No minimum investment requirements;
  5. No inheritance or wealth taxes.

Ordinary residence is intended for persons seeking to take up residence in Malta and physically live in Malta, possibly even obtaining a work permit to enable them to seek employment in Malta. The applicable tax rates for married as well as single tax-payers are illustrated in the tables below:

Tax Rates for Single tax-payers

Chargeable income

Tax Rate

Deduct

0 – 8,500

0

0

8,501 – 14,500

0.15

1,275.00

14,501 -19,500

0.25

2,725.00

19,501 &Over

0.35

4,675.00

Tax Rates for Married tax-payers

Chargeable income

Tax Rate

Deduct

0 – 11,900

0

0

11,901 – 21,200

0.15

1,785.00

21,201 -28,700

0.25

3,905.00

28,701 &Over

0.35

6,775.00


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