Permanent residence
The Malta Permanent Residence Scheme is one of the most attractive residence schemes currently available to individuals seeking to transfer their tax residence from high-tax countries to overseas lower-tax jurisdictions such as Malta. The financial qualifications are easy to satisfy and permanent residents are entitled to the following benefits:
- No minimum stay requirements
- A low annual tax liability of Lm1,800 (approx. US$5,100 = Euro4,200)
- No world-wide income/wealth tax - tax only paid on income remitted to Malta
- No need to purchase property - only a minimum annual rent of Lm1,800
- No minimum investment requirements
- No Inheritance/Wealth Taxes
The main reasons why an increasing number of foreigners are purchasing a home and taking up permanent residence in the Maltese Islands are:
- Malta is a member of the European Union;
- A pleasant climate and a hospitable English-speaking people;
- A peaceful and safe way of life & high standard of living;
- A rich cultural and historical heritage;
- Freedom of movement into & out of Malta;
- No minimum stay requirement;
- Tax benefits;
- Easy repatriation of capital & income out of Malta;
- Favourable, tax-friendly procedure for moving your possessions to Malta;
- Favourable double-taxation agreements with key countries;
- A highly respected jurisdiction for incorporating low-tax companies;
- Excellent banking centre with the presence of major international banks such as HSBC and Volksbank;
- Excellent access by Sea and the Malta International Airport.
For further information, kindly contact us and we will be happy to assist you.
