Citizenship & Residence
Numerous individuals and companies opt to relocate to Malta every year for a variety of reasons. Individuals are attracted to the island’s rich culture, mild climate and moderate cost of living whilst companies are mainly drawn to Malta’s competitive tax regime and stable economy.
A number of schemes and programmes granting special tax rates, residency and/or citizenship are offered in Malta. These namely include:
- Citizenship by Investment – The Malta Individual Investor Programme (‘IIP’);
- Residency by Investment – The Malta Residence and Visa Programme (‘MRVP’);
- The Global Residence Programme which is applicable to non-EU/non-EEA/non-Swiss nationals;
- The Residence Programme Rules which are applicable to EU/EEA/Swiss nationals;
- The Highly Qualified Persons Rules (‘HQPR’) which provides a special tax rate for qualified persons employed in certain industries;
- The Malta Retirement Programme which provides a special tax rate for EU/EEA/Swiss nationals retiring in Malta;
- Ordinary Residence and;
- Work Permits
Malta has been a Member of the European Union (‘EU’) since 2004, part of Schengen since 2007 and part of the Euro Zone since 2008.
Malta also offers a stable political climate as well as a safe living environment with a very low crime rate. Moreover, the island has become an ever-growing international business hub with a number of people and companies opting to invest here due to the competitive tax system and strategic location. Malta has also registered the highest economic growth in the EU in 2015 according to Eurostat statistics.
According to official figures in the first quarter of 2016, Malta’s economic growth continued to exceed expectations increasing by 5.2% over an already high growth rate of 6.3% recorded in the same quarter of last year. Comparatively in nominal terms, the Maltese economy is estimated to have grown by 7.6%. The rate is the highest in the Euro zone, surpassing its average of 1.6%. Job creation and the unemployment rate has further outperformed that of euro-area peers with Eurostat figures showing that Malta’s 3.9% unemployment rate in July 2016 is the lowest across the EU’s 28 Member States.
The Private Clients’ Department at DF Advocates prides itself in having assisted a number of private clients and high net worth individuals in their relocation to Malta and obtaining the required residence permits by providing professional legal advice and assistance throughout the whole process.
For further information, do not hesitate to contact us on firstname.lastname@example.org.