COUNTRY PROFILE
• Capital: Valletta
• Population: 436,000
• Area: 316 sq km (122 sq miles)
• Major language: Maltese & English
• Major religion: Christianity
• Life expectancy: 80 (men) 84 (women)
• Currency: Euro
• Exchange Rate (as of May 2018): US$ 1.00 = 0.841852 EUR
The small historic island of Malta lies in the heart of the Mediterranean. The country has a very rich history with a great number of historic sites related to its succession of leaders including from the Phoenicians, Carthaginians, Romans, Byzantines, Moors, Normans, French and British. After 160 years of British rules, The Country obtained its independence in 1964. It offers both Malta Citizenship & Malta Residency options.Malta has 3 main immigration solutions on offer as follows:
1. MEIN – Malta Citizenship by Direct Investment Program of the Republic of Malta: Program started 2014 & later revised in November 2020. Passport by investment- based on one time contribution to Malta Government, some investment and ongoing satisfaction of requirements. No minimum stay required.
2. MPRP – Malta Permanent Residency Program – Golden Visa: Program started in 2015 & later revised in April 2020. Permanent Residence based on ongoing satisfaction of requirements. No Minimum or Maximum stay requirements.
3. MGRP – Malta Global Residency Program: Program started in 2013. Residence in Malta based on an annual tax contribution to Malta Government.182 days physical residency in Malta.
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Type of Investments | Contribution to a National Development and Social Fund, Investment in Property and Investment in Government Stocks |
Minimum Investment | 1-Buy property worth minimum EUR 320,000 for a property situated In the North of Malta, or EUR 270,000 for a property situated In Gozo or the South of Malta OR Rent a property worth minimum EUR 12,000 per annum for a property situated in the North of Malta, or EUR 10,000 for a property situated in Gozo or in the South of Malta 2-Government Bonds – EUR 250,000 to be held for 5 years OR Financing of Government Bonds @ EUR 75,000 (Non-Refundable) 3-One Time Government Contribution (Non Refundable) Main Applicant EUR 30,000 Spouse & Children EUR 5,500 Parents EUR 5,000 4-Main Applicant to Maintain Annual Income of EUR 100,000 p.a. OR Show Capital of EUR 500,000 abroad. (1) 5- Sufficient Cash held in Bank Account in Malta |
Dual Nationality Permitted | Yes |
Personal Visit Required | Yes |
Minimum Stay | NO |
Capital Gains Taxes | Malta levies a capital gains tax on various assets mainly immovable property and shares |
Personal Income Taxes | 15% on foreign income repatriated to Malta Progressive rates up to 35% |
Business & Corporate Taxes | 35% |
Property Taxes | Malta does not levy property taxes |
Processing Time | PR/ Residency Card – 4 to 5 months |
Maximum Age of Depended Children | NONE |
Restricted Countries | Nationals of The Islamic Republic of Afghan, The Islamic Republic of Iran and the Democratic People's Republic of Korea (North Korea), or are non-nationals but reside, do business, have significant ties in, or connections to these countries. |
Visa Free Travel | 26 Schengen Countries |
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Type of Investments | Government Fees, Annual Taxes & Annual |
Minimum Investment | 1-One time EUR 6,000 Official Government Fee 2-Property purchase EUR 275,000 Malta or EUR 220,000 Gozo. OR Property Rent of EUR 9,600 Malta or EUR 8,750 Gozo on a p.a, bases. 3-EUR 15,000 minimum Tax to be paid p.a, in Malta. 4-Health Insurance for Self & Family covering EU & Malta 5-Represntation by Authorized Registered Mandatory (ARM) in Malta to validate Residency Status & submit Annual Tax Return. Other Conditions: -Can not be a Malta, Swiss or EEA passport holder. -Can not become a long term Malta Resident or Passport holder -Has to retain purchased or rented property -Maintain Insurance Policy -Should not reside more than 183 days in Malta or any other country |
Dual Nationality Permitted | Yes |
Personal Visit Required | Yes |
Minimum Stay | Less than 183 days in Malta or anywhere in the world |
Capital Gains Taxes | Malta levies a capital gains tax on various assets mainly immovable property and shares |
Personal Income Taxes | 15% on foreign income repatriated to Malta |
Business & Corporate Taxes | 35% |
Property Taxes | Malta does not levy property taxes |
Processing Time | PR/ Residency Card – 4 months |
Maximum Dependent Children’s Age | Maximum dependent children age is 25 years. After reaching 25 years of age residency is lost. |
Restricted Countries | Nationals of The Islamic Republic of Afghan, The Islamic Republic of Iran and the Democratic People's Republic of Korea (North Korea), or are non-nationals but reside, do business, have significant ties in, or connections to these countries. |
Visa Free Travel | 26 Schengen Countries |
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Type of Investments | Contribution to a National Development and Social Fund, Investment in Property and Investment in Government Stocks |
Minimum Investment | EUR 1,150,000 +VAT Details as under: EUR 650,000 contribution to Government (Non-Refundable) EUR 150,000 in Malta Government Stocks/ Bonds for 5 years EUR 350,000 Purchasing of Property OR Rental of EUR 16,000 p.a. for 5 years Plus Family non-Refundable Contribution: Spouse/ Minor children EUR 25,000 each 18-26 dependents & Parents EUR 50,000 each |
Dual Nationality Permitted | Yes |
Personal Visit Required | No |
Minimum Stay | Yes, twice. For the submission of biometric data and to take oath at the time of passport delivery. Applicant must hold the PR card for 1 year before passport issuance. |
Capital Gains Taxes | Malta levies a capital gains tax on various assets mainly immovable property and shares |
Personal Income Taxes | 15% on foreign income repatriated to Malta Progressive rates up to 35% |
Business & Corporate Taxes | 35% |
Property Taxes | Malta does not levy property taxes |
Processing Time | 1 Year Total PR/ Residency Card – 2 weeks Approval – 4 months Oath – 6 months Passport – 1 year |
Passport Validity | 10 years |
Restricted Countries | Nationals of The Islamic Republic of Afghan, The Islamic Republic of Iran and the Democratic People's Republic of Korea (North Korea), or are non-nationals but reside, do business, have significant ties in, or connections to these countries. |
Visa Free Travel | 173 countries including USA |
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