Malta GRP

Malta GRP - Stellar Pass

Malta GRP



Unlocking Exclusive Tax Benefits: the Malta Global Residence Programme (mgrp)

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The Malta Global Residence Programme (MGRP) is a tailored initiative designed for high-net-worth individuals (HNWIs) seeking a strategic tax advantage. Through this programme, third-country nationals, excluding citizens of the EEA, Switzerland, and Malta, can benefit from a distinctive tax status. Stellar Pass ensures seamless assistance in navigating and applying for the programme.

KEYPOINTS

Key Points

Special Tax Status
15% Tax from Income Outside Malta

INVESTMENT

Investment

€8,750 per Annum

TIMEFRAMES

Timeframe

2 to 3 Months

Why Choose the MGRP for Tax Efficiency?

Participants in the MGRP enjoy a 15% flat tax rate on foreign income remitted to Malta, ensuring efficient tax planning. However, a minimum annual tax payment of €15,000 is required, due by April 30 each year. Income generated in Malta not covered under the programme's provisions is taxed at the standard rate of 35%.


Exclusive Eligibility Criteria

HNWIs interested in leveraging the Malta Global Residence Programme must meet the following criteria:

  • Residency Restrictions: Applicants cannot be EU nationals or nationals of Iceland, Norway, Liechtenstein, or Switzerland.
  • Program Exclusivity: Participation in other Maltese tax programmes is not permitted.
  • Property Ownership or Rental: Own or rent a qualifying property to serve as the principal place of residence.
  • Financial Stability: Demonstrate stable and sufficient resources to support themselves and their dependents.
  • Travel and Health Requirements:
    • Possess a valid travel document.
    • Have comprehensive sickness insurance covering all dependents and risks similar to those covered for Maltese nationals within the EU.
  • Language Proficiency: Communicate effectively in either of Malta’s official languages, English or Maltese.

Strategic Property Investment Requirements

To qualify for the programme, HNWIs must invest in property in Malta through ownership or rental options:

Ownership Requirements:

  • Minimum value of €275,000 for properties outside southern Malta.
  • €220,000 for properties in the south of Malta or Gozo.

Rental Requirements:

  • Annual rent of at least €9,600 for properties outside southern Malta.
  • €8,750 annually for properties in the south of Malta or Gozo.

Why Partner with Stellar Pass?

Navigating the complexities of the MGRP requires expertise and precision. With Stellar Pass, you gain access to professional guidance tailored to your unique financial goals, ensuring a seamless application process and long-term tax efficiency.

Explore the Malta Global Residence Programme today and secure your pathway to financial optimisation in a thriving Mediterranean jurisdiction.