Expat Residency

Malta successfully offers a truly unique and cosmopolitan lifestyle, combining luxury with comfort, the modern and the traditional, and work with pleasure – and has recently introduced new programmes which offer special benefits to foreigners wishing to move to the island.

Expat Residency

Malta’s relaxed Mediterranean atmosphere and warm climate have attracted expats and high-net-worth individuals for centuries. Still relatively inexpensive, but offering a wide range of modern amenities, the island has become one of Europe’s top spots for affluent foreigners, expats as well as globetrotting professionals looking for a permanent or temporary home. Seduced by the island’s unique Mediterranean charm and 300 days of sunshine a year, some 20,000 foreigners already live in Malta, and the island’s expat community is growing steadily with its flourishing business environment.

Residency Programmes

Two separate residency programmes, the Residence Programme for EU nationals and the Global Residence Programme for non-EU nationals, offer a flat tax rate of 15 per cent to people who purchase or rent property on the Maltese Islands. Investment can be as low as €220,000 for property in the south of Malta or in Gozo. The value of property bought in the remaining parts of Malta has to be at least €275,000. Alternatively, they can rent property for €9,600 per year in Malta and €8,750 per year in Gozo or the South of Malta. Leveraging a rich legacy of historical buildings and magnificent architecture, Malta boasts an abundance of lifestyle properties, ranging from sea-front apartments to exclusive villas with pool. Malta also offers a unique blend of period homes and character houses dating back hundreds of years as well as ultra-modern apartments and villas for sale.

Individual Investor Programme

Malta recently introduced an Individual Investor Programme, which has been endorsed by the European Union. The programme offers foreign nationals the possibility to obtain Maltese citizenship after having resided in the country for 12 months, by paying €650,000 to the National Economic and Social Development Fund, purchasing property having a minimum value of €350,000 or leasing a property for a minimum annual rent of €16,000, and investing €150,000 in government-approved financial instruments, in addition to fulfilling a number of other criteria.

Expatriates can rest assured that they would be living in a country where the crime rate is very low. Despite the island’s size, there are always new experiences to be enjoyed that range from scuba diving to jet-skiing. A country full of history, passionate people, excellent weather and crystal clear seas, Malta offers the best fusion of the traditional and the sophisticated, the luxurious and the intimate, and embodies the very best in Mediterranean charm.

Benefits of Investing in Maltese Property

  • Malta’s economy is stable and one of the star performers in the EU in terms of GDP growth.
  • A great selection of luxury property is available, with a number of developments earmarked as Special Designated Areas (SDA) with no restrictions on acquisition for foreigners.
  • Malta is a signatory to around 70 double tax treaties, many of them guaranteeing that profits generated from the sale of immovable property in Malta shall be taxable only in Malta.
  • Malta is a Mediterranean country with a fantastic climate and infrastructure and English as an official language.

 

Download your copy of the Expat Residency Factsheet

 

FM Membership Directory

FM Members
featured

PRIVATE VALUE ASSET MANAGEMENT LTD

We view our clients as long term relationships and as a partnership. That is why the time allocated to meetings and...
View profile