Malta has extended and improved its array of fast track programmes by which foreign investors could obtain Maltese tax residence and become eligible for a Maltese residence permit – by introducing ‘The Residence Programme for EU/EEA/Swiss Nationals’.
Similar to its counterpart, the Global Residence Programme for non-EU/EEA/Swiss nationals, the Residence Programme is a very straightforward and flexible programme, encompassing clear legal requirements.
This Programme is applicable to persons satisfying the following criteria:
As synonymous with these residence schemes, foreign source income which is received in Malta, will be taxable at the rate of 15% with the possibility of claiming double tax relief but subject to a minimum annual tax liability of €15,000. Any Malta sourced income will then be taxed at 35%.
Applications under this Programme must be submitted by an Authorized Registered Mandatory – KSi Malta is registered as such. In this respect, do not hesitate to contact us and see how we can assist you.
Malta’s Passport Programme to be renewed with some changes expected to be made
Income Tax returns (together with payment) for the Year of assessment 2020 is being extended to 31 July 2020.
The rules, inter alia, set out the criteria that must be satisfied for an assignment to be regarded as valid for th...