The Malta Residence Programme builds on the success of Malta’s reputation in attracting expatriates and families seeking an alternative residence base in a warm Mediterranean Island in the European Union. The Programme is open to EU nationals and it offers Schengen residence coupled with favorable taxation rates. To be eligible for the Malta Residence Programme, one must buy/rent residence in Malta, be economically self-sufficient and pay a minimum annual tax of €15,000 for a whole family.
Maltese residents are not subject to tax in Malta on foreign sourced income not remitted to Malta. Nor are they subject to tax on any foreign-sourced capital gains whether remitted to Malta or not. Permanent Residents of Malta are entitled to taxation at the flat rate of 15% on remitted income. Under the Global Residence Programme Rules law, non domiciled residents of Malta enjoy special tax status, a flat rate of 15% on foreign source income.