Malta has a most attractive tax residency scheme which is probably the most advantageous scheme available to persons wishing to change their tax residence. Moving your residence from a high-tax country to Malta could make you huge savings on your tax liabilities. The Scheme (under the new Residence Scheme Regulations 2004 which was published on the 15th October 2004) is open to European Union nationals and even non-EU nationals without distinction.
- No minimum residence stay requirement - you may even not spend any time in Malta
- Minimum annual tax of only Lm1,800 (approx. $ 4,900; Euro 4,230)
- No tax on your world wide wealth
- No tax on your world wide income which is not remitted to Malta
- No tax on your world wide income even if is remitted to Malta provided it is re-transferred out of Malta during the same tax year
- No property purchase required; you must only spend Lm1,800 per year as rental
- No investment required
- No Inheritance Tax or Wealth Tax
- Easy qualification requirements
If you wish to learn more about Malta's attractive residence scheme for foreigners, please contact us by email.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.