Taking up Residency in Malta

Malta proves to be an attractive country to those foreigners who want to pull away from large cities and to opt for a quieter smaller environment. The Island offers warm hospitality, a pleasant climate, a rich culture and historical heritage that date back to prehistoric times even older than Stonehenge and the pyramids.

For these reasons and for the attractive residence schemes and advantageous tax conditions many make Malta their second home.

Expatriates may take up residence in Malta upon obtaining a residence permit under the Immigration Act.

The following are the fiscal incentives offered under the Permanent Residence Scheme:

A very low income tax rate
Double Taxation Relief/Agreements
No Estate Duty, Mortgage Taxes, Provincial Taxes, Land Duty and Property Taxes
Exemption from Customs Duty on the Importation of household effects

A permanent residence permit does not raise any presumption of Maltese domicile. Permanent residents are liable to tax on income arising in Malta and on foreign income remitted to Malta. Unremitted foreign income will not be subject to Malta tax.

A permit holder is not required to stay in Malta for any minimal annual period.

A permit may be given up at any time, in which case any residual capital and income arising therefrom as well as proceeds from the sale of the dwelling house and/or other investments, may be repatriated without restrictions.