The Ordinary Residence Scheme
The Maltese Ordinary Residence Scheme is an attractive residence scheme currently available to EU nationals seeking to transfer their tax residence to a safe, high quality and tax-efficient jurisdiction such as Malta. Persons with a stable financial position and who purchase or lease a residence in Malta may take up residency as ordinary residents of Malta. Ordinary residents may live and enter into any business or employment in Malta. Residents of Malta under the ordinary residency scheme and who are not domiciled in Malta are taxable on a remittance basis. Accordingly, ordinary residents are not taxable on foreign source income not received in Malta and also not taxable on any capital gains arising outside Malta, whether remitted to Malta or otherwise. Ordinary residence is suitable for persons seeking to take up residence in Malta and physically live in Malta, with the possibility of taking up employment or conducting a business activity in Malta.
Our Residence Services
Led by Dr Jean-Philippe Chetcuti and Dr Priscilla Mifsud Parker, Chetcuti Cauchi's award winning Immigration & Relocation Law team is the oldest specialised immigration law practice in Malta. We have successfully represented individuals and families ranging from expatriate retirees, emigrants seeking employment, to HNW individuals listed in Fortune 500. We advise on the legal and tax rules and implications of taking up ordinary residency in Malta as well as handle residence applications as authorised registered mandataries. Our advice covers the rules applicable to immigrating to Malta under a number of available residence schemes as well as practical relocation assistance ranging from transportation and insurance to schooling and health insurance coverage.