Malta MPRP & Malta CES Investment Programs

Malta Permanent Residence Program

For non-European nationals who’ve always dreamt of living in a safe and stable country, the Malta Permanent Residence Program (MPRP), which was previously referred to as the Malta Global Residence Program, offers just that — a direct route to permanent residency.

After the Malta MPRP changes, qualified and vetted applicants must invest a minimum of €110,000 to be considered for the scheme, and be eligible to receive their Malta residence permit. Investments are made through a combination of qualifying property investments, government contributions, and charitable donations.

The Malta residency program MPRP enables foreign investors to tap into Malta’s dynamic property market, and provides qualified individuals with the right to settle and reside in Malta permanently, and extend residency status onto their immediate family members.

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Maltese Citizenship By Naturalization Program

Launched after the Malta Citizenship by Investment changes occurred, the Maltese Citizenship by Naturalization for Exceptional Services by Direct Investment (CES) acts as a new policy for what was previously known as the Malta citizenship by investment program, and provides non-EU nationals and their immediate family members with Maltese citizenship by way of naturalization. Its main qualification requirements stipulate that the primary applicant must invest a minimum of €600,000 in the country’s economic development, and pass strict due diligence processes.

Successful applicants to this program become eligible for Maltese citizenship by way of naturalization, provided they meet the program’s criteria and maintain their investments for the stipulated period. Only then can they qualify for a Malta passport and enjoy the right to live, work, and study in Malta. Once they are successfully naturalized, they get to benefit from the full set of rights other EU citizens get to enjoy throughout the European Union and Schengen area.

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Qualification Requirements

Anyone interested in pursuing the new schemes of the Malta Global Residence Program and obtaining Malta residency by investment, or citizenship by naturalization, will have to submit the necessary documents for their applications, and fulfill a certain set of requirements placed by the Maltese government to prove their eligibility for the schemes.

The main specifications that would determine whether or not an applicant would qualify for either one of the programs are primarily that they:

• Are third-country nationals, non-EU, non-EEA, or non-Swiss
• Do not belong from a sanctioned country, as stipulated by the Residency Malta Agency, nor benefit from other regulations and schemes
• Have stable and regular resources to sustain themselves and their family members, without leaning on Malta’s social assistance system
• Hold a clean criminal record, and be considered a fit and proper person
• Do not pose any potential threat to Malta’s national security
• Hold a valid passport, or a valid travel document recognized by Malta
• Have a health insurance coverage policy that covers all risks across Malta, and the Schengen area
• Meet the minimum investment threshold stipulated by the programs
• Fulfill all the necessary investment requirements and pass a stringent due diligence process

Establishing Tax Residency in Malta

When applying for permanent residency or citizenship in a new country, you may ask yourself what taxations you’d be subject to. In Malta, tax status is not measured based on citizenship, rather on the individual’s tax residency and source of income; meaning the Maltese law determines your taxability solely based on your domicile and residence status.

Even if you succeed in acquiring permanent residency Malta will not necessarily consider you a tax resident there, as tax status is not a direct outcome of obtaining your Maltese residence permit via the MPRP. In fact, to be considered as a tax resident in Malta, you would have to spend over 183 days in one calendar year on Maltese grounds, or show strong proof of your intention to reside there indefinitely, and thereby be domiciled there.

Additionally, if you obtain your residency or citizenship status in Malta and choose not to be domiciled there, you will only have to make a tax contribution to the Maltese government on income tax accruing from business conducted in Malta. This rule is also applicable to capital gains tax in Malta, where you would only be subject to taxation on capital gains arising in Malta, however, even those are subject to certain exemptions under the Maltese taxation law.

Tax Efficient Benefits

As stipulated by the Maltese tax law, not everyone who acquires Maltese citizenship or residence status is subject to taxation in Malta, unless their income is accrued from business conducted there, or are otherwise registered tax residents. This means that non-tax residents are not subject to taxation on their worldwide income, only on income arising from local business profits, rental income, salaries, or pension income accrued in Malta.

Malta’s tax law makes the archipelago all the more alluring for foreign investors who want to earn consistent profit from property investment, or other investment opportunities, all the while maintaining their foreign-sourced income and capital gains.

Those who want to invest in Malta and benefit from its economic boom, or even a second residency or citizenship, can rest assured knowing they have exceptional tax benefits. Not only is Malta in double taxation relief treaties with a multitude of countries, it also adopts a remittance basis of taxation under Malta’s Income Tax Act, which even exempts Maltese nationals and tax residents of certain liabilities.

Moreover, it is important to note that Malta offers many other tax benefits and exemptions, as it does not impose inheritance tax, estate duty tax, wealth tax, municipal taxes, or property tax.

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