The Global Residence Program is a program designed to attract individuals who are not nationals of the EU, EEA or Switzerland and who are not long-term residents. It will allow non-EU individuals who buy high value property and pay taxes in Malta to benefit from a residence permit.

Under the new Global Residence Program, the individual is not precluded from working in Malta, provided the requisite conditions for obtaining a work permit are satisfied. An individual under this Global Residence Program shall have a Special Tax Status whereby such individual is chargeable to tax at a flat tax rate of 15% on all income (less tax rebates as applicable) received in, or remitted to Malta from foreign sources, subject to a minimum annual tax liability of €15,000 (net amount after taking into account any double taxation relief) if he/she is a Non-EU/EEA or Non-Swiss national.

Contact us on +356 20103020 or by mail at info@ellulschranz.com to find out how E&S can help you in ‘making things happen’.

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