Malta Global Residency Program
If you are a citizen of countries such as India, China, Japan, Indonesia, Australia, South Africa, Mexico, Canada, Russia, Singapore, Middle East etc., and some of the other countries that have had more difficulty with the residency program then Malta is the place to go. Currently Malta is very stable and the economy is growing fast particularly in the high tech & Financial sector. Malta also offers residency for a very reasonable investment cost.
Malta is in the Schengen area which is a group of countries that have got rid of passport and immigration controls at their common borders. People travelling to and from Schengen areas will not need to have their passports checked at the borders, however at anytime of travel, Immigration Police may request to check documents.
In July 2013, the Maltese Government introduced a new residency program. This offers special tax status to third country nationals (except for EEA and Swiss nationals) in Malta. To apply for this program you need to satisfy certain criteria such as buying or renting property in Malta or Gozo and paying a minimum annual tax liability on foreign income received in Malta.
Below are the complete details of Malta’s Global Residency Program.
DETAILS INSIDE:
1) TAX EFFICIENT GLOBAL RESIDENCY & INVESTOR PROGRAMS
2) Malta Global Residency Program
3) Essential Requirements
4) Setting up Tax Residency in Malta.
5) TAX BENEFITS
6) Application Processing Successfully.
7) Complete Quotation
8) Contact details
9) Countries & Destinations we serve
10) Disclaimer
TAX EFFICIENT GLOBAL RESIDENCY & INVESTOR PROGRAM
Among the providers of tax efficient residency programs, countries like Malta, Portugal looks attractive & very flexible for the Global Business Men who are looking to Set-Up their dream Businesses as well as looking to live in the beautiful destinations.
Countries like Malta, Portugal are also one of the best places to live, where migrant Business men need not to worry about the world class education for their children as these destinations are very much politically stable states. Language must not be hindrance for the Global Business people. For example, English is the common language in Malta & also their got opportunity to learn many other European Languages.
Malta Global Residency Program
GRP- Global Residency Program of Malta is a residency program for Global Investors that offers special tax benefits. This program is specially made to attract individuals from outside the EU, EEA & Switzerland. Those who are being benefited from this unique program are allowed to work & stay in Malta, provided they satisfy this programs stipulated conditions for obtaining a work permit.
There are no requirements to make separate applications for spouse & children especially. With the application of main applicant both spouse & children under the age of 25 are automatically included in the program. Also , financially dependent family members(example Parents etc.,), Non-family members that are bono-fide members of the applicant family are also eligible for residency with the main applicant.
Essential Requirements
Applicants are required to ensure following requirements:
Applicant need to invest in Property not less than €275000(€ 220000 in Gozo or the South of Malta) Or….
Rental Contract arrangement for not less than €9600 (€8750 in Gozo or the south of Malta)
Should be economically self-sufficient
Days of spending is not more than 183 days per annum in other country
Payment of minimum annual taxation of €15000
Obtain health insurance covering the European Union
Obtain valid travel documents
Setting up Tax Residency in Malta.
In Malta’s residency program, It is enough for the Global residents declaring that they are not resident in another country for more than 183 days per annum, rather than showing a minimum day count of physical presence in Malta, unlike many other destinations.
Residency Certificate & Tax identification number are issued for all the qualifying applicants.
TAX BENEFITS
Malta has about 60 Double Taxation Avoidance Agreements (DTAA) with many leading countries across Globe with the sole purpose of avoiding taxing of income twice. The income & Capital gains earned within Malta are taxed subject to the personal income tax in Malta. Following are the advantages for non-domiciled Global tax residents:
No need to pay income tax on any overseas income, unless it is remitted to Malta
Even for foreign income that is remitted to Malta, it is taxed at the flat rate of 15%, which is very reasonable.
Capital & Savings remitted to Malta are exempted from all kinds of taxes
Zero capital gain tax on assets based outside Malta
No Inheritance Taxes
Application Processing Successfully.
We are the group of dedicated professionals ensuring clients with proper advice, all kinds of support during the application process. With our extensive network of offices and professional service partners we have been able to work closely with our clients in every step of the application process, making sure that our clients successfully qualifies, done with process & finally obtain residence under the Malta Global Residency Program.
Complete Quotation
To arrive at the total costs for applying Global Residency Program we need to check many factors like, type of residence selected, total number of family members, number of Minor members included in the application made etc.,
Contact for more details:
India, Bahamas, Bahrain, China- Beijing, Shanghai, Cyprus, Gibraltar, UK-Londan, UAE-Abu Dhabi, Dubai, Turks & Caicos Islands, Mauritius, Malta, Isle of Man, Hong Kong, Guernsey.
Disclaimer
As we have made every possible effort to ensure correct & accurate details, still the above information and any part of its content does not constitute legal or any other form of binding advice. We are not responsible, legal or otherwise for any kind of errors & omission.
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