Malta Profile | Legal Background | Program Details | Program Advantages

 


Malta Profile:

Malta_SymbolSovereignty: Commonwealth member country . Malta is a republic whose parliamentary system and public administration is closely modeled on the West-minister System.

Location: Malta is a southern European country in the Mediterranean Sea. It lies 80 km (50 mi) south of Sicily, 284 km (176 mi) east of Tunisia and 333 km (207 mi) north of Libya.

Government Type: A Parliamentary Republic. 

Uniqueness: Malta has a multitude of historic and cultural gems. The sunny weather and idyllic beaches remain a main draw for tourists. There are the obvious popular sandy beaches as well as the rugged but no less beautiful rocky coasts.

Population: A population of 453,000 and a land area of 316 km2.

Demographics:  Ethnic groups Maltese (descendants of ancient Carthaginians and Phoenicians with strong elements of Italian and other Mediterranean stock).  Religions Roman Catholic (official) 98%

Economy: Although Malta’s economy is the smallest in the Euro zone, it is classified as an advanced economy according to the International Monetary Fund (IMF). The strongest sectors of the economy are : Foreign Trade, Manufacturing, Tourism, Medical Tourism and Film Production. Well-trained workers, low labor costs, and membership in the EU attract foreign investment. Globally, Malta ranks sixth in inward Foreign Direct Investment and amongst the top twenty among countries most likely to sustain economic growth over the medium and long term.


Legal Background:

Flag_MaltaMalta has operated a long-standing residence program, which was revised and re-launched as the Global Residence Program.


Program Details:  

  •  To buy or rent property in Malta, with minimum requirements of between € 220,000 to € 275,000 purchase price.
  •  A residence permit entitles its holders to reside permanently in Malta with the freedom to come and go anytime.
  • A permanent resident enjoys a privileged tax status while at the same time benefitting from Malta’s wide network of Double Taxation Treaties.
  •   A further advantage of this status is that as long as the resident abides by the rules of the permit, the resident permit holder does not need to spend any particular time actually residing in Malta.


Program Advantages:

  •  Complete freedom of movement
  •  Low Tax & Extensive Tax Treaty Network
  •  Repatriation of Capital & Income
  •  Freedom to rent out Maltese Property
  •  No Death & Donation Duties
  •  Freedom of travel to Schengen member countries.