The Residence Program Rules is a program designated to replace the High-Net-Worth Individuals – EU/EEA/Swiss Nationals Rules due to the fact that they apply to individuals that are EU, EEA or Swiss nationals who are not Maltese nationals. An EU, EEA or Swiss national who is not domiciled in Malta is taxable only on his Malta source chargeable income and capital gains, and on his foreign source income which is received in Malta. A “beneficiary” who is an EU, EEA or Swiss national but not a Maltese national can be granted special tax status in Malta subject to the satisfaction of a number of conditions set out.
Some of the aspects that make Malta excellent to live in are:
- A highly attractive tax system;
- Excellent communication links and transport networks with Europe and elsewhere; and
- A diversity of social life and cultural events.