MALTA
Official Name: Republic of Malta
Capital : Valetta
Population :5 Lakhs
Area : 316 Sq. kms
Temperature: 9-17 °C
Malta joined as EU member country since May, 2004
Malta became Schengen area member May, 2007
MALTA GLOBAL RESIDENCE PERMIT (GRP)
BENEFITS OF MALTA GLOBAL RESIDENCE PERMIT (GRP)
-One of the cheapest options to stay in Malta (European Residency)
-One can move into Malta within 3 to 4 months, only.
-Visa-free travel in Schengen.
-Living in any Schengen country for 3 months in a 6 months period, is permitted.
-Get a special tax status of paying a flat 15% income tax.
-No restriction on work or business.
-The applicant along with the spouse can include their children (under 25 years of age) and parents (over the age of 55 years) along with their house help.
SHIFT TO MALTA (EUROPE) IN 12 WEEKS WITH AN ADMIN FEE
OF €6,000 ONLY
-Buy a property of €2,75,000 in Central or Northern Malta or €2,20,000 in South Malta/Gozo OR,
Rent a property for €9,600 a year, in Central or Northern Malta or EUR 8,750 a year, in South Malta or Gozo
-Purchase a health insurance policy valid throughout the EU
-Pay an annual 15% income tax on revenues remitted into Malta. The minimum annual tax is €15,000 (Covers the first EUR 1,00,000 remitted into Malta) There is no tax on capital gains.
-Applicant may not reside in any other jurisdiction for more than 183 days a year, to get the special tax status benefit.
-Pay an administrative fee of €6,000 (one time).
-The applicant should be in receipt of stable and regular resources that are sufficient to maintain himself /herself and his/her dependents without recourse to the social assistance system in Malta.
-The applicant needs to be able to adequately communicate in Maltese or English.
-The applicant should be of good character.
(Income generated in Malta will be taxed at Maltese tax rates)
Shift to Europe in three months with spouse, children, brothers, sisters & house help
Requirements:
-Pay yearly tax of €15,000 (12 lacs INR)
-Have sufficient & stable income
-Have a house on rent for €800 (60,000 INR), a month/purchase property of EUR 2,20,000+
-Government application fee of €6000 (5 lacs INR)
REQUIREMENTS
SPECIAL OFFER
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DIFFERENCE BETWEEN MPRP AND GRP
MALTA PERMANENT RESIDENCE PROGRAM (MPRP)
MALTA GLOBAL RESIDENCE PERMIT (GRP)
1. RESIDENCY VALIDITY
LIFELONG
TO BE RENEWED EVERY YEAR
2. MINIMUM YEARLY TAX PAYMENT
ZERO
€15,0000
3. PROCESSING TIME
6-8 MONTHS
3 MONTHS
4. PROPERTY INVESTMENT
or
PROPERTY RENTAL
€300,000-350,000
€10,000-12,000
€220,000-275,000
€8,750-9600
5. CONTRIBUTION (DONATION)
€58,000
ZERO
6. APPLICATION FEE
ZERO
€6,000
7. ADMIN FEE
€40,000
ZERO
8. FINANCIAL ELIGIBILITY
MINIMUM ASSETS-€500,000
(out of which €150,000 in the form of financial assets)
STABLE AND REGULAR INCOME TO SUPPORT FAMILY
9. DEPENDENTS
SPOUSE, CHILDREN, PARENTS, GRANDPARENTS (if financially dependent)