A small
Island in the middle of the Mediterranean Sea, boasting a year round warm
climate, scenic views and a kind-hearted friendly nation makes Malta an
attractive place for any tourist to visit. It is however also becoming an
increasingly popular choice for residency, given the various opportunities,
schemes and tax benefits Malta has to offer to both EU and non-EU citizens.
Non-EU
nationals wishing to reside in Malta may avail themselves of Uniform Residence
Permits issued in terms of Council
Regulation 1030/2002 EC for the purpose of employment, self-employment, study,
retirement or the Permanent Residence Scheme - a tax residency scheme
offered to persons interested in acquiring tax residency in Malta. This scheme
offers a beneficial tax treatment in Malta, whereby the foreign sourced income
(excluding gains) remitted to the Maltese jurisdiction is taxed at a flat rate
of 15%. Due to Malta’s accession to the Schengen Zone in 2007, non-EU nationals
may also make use of Malta’s
Diplomatic Missions worldwide. As long as one is in possession of a Schengen
VISA, one may move freely within Schengen Countries for a qualified period of
time without having to apply for a VISA in each Schengen country.
Mifsud & Mifsud Advocates offers a wide
range of services in this area and supports its clients when obtaining a
residence permit whether it is needed for employment purposes, to start a
business, to study, retirement or even fiscal schemes. Our professional legal
team will prepare a strategic plan according to the client’s requirements in
order to obtain the most beneficial basis for the application of a residence
permit in Malta.