The 1988 Malta Permanent Residence Scheme evolved in 2011 into the High
Net Worth Residence Scheme that we have today in two streams for
Europeans and non-Europeans. Like the original Permanent
Residence Scheme, the Malta HNWI Rules are designed to attract high net
worth individuals to take up permanent resident status in Malta. The
scheme is especially attractive to affluent retirees, authors, intellectuals and
international consultants or simply persons seeking to establish an
alternative residence that suits their lifestyle and tax profile.
Permanent Residence for Malta High Net Worth Individuals
The Malta High Net Worth Residence Scheme is suitable for individuals seeking to transfer
their tax residence to jurisdictions that are more attractive on account
of their warmer climate, a higher standard of living, a safe
environment for younger and older members of the family and provide a
scheme for permanent residence that is selective, affordable and tax
friendly. Malta ticks all the boxes for an attractive permanent
residence jurisdiction and occupies the highest positions in respected
international indexes for quality living and retirement.
Benefits of Residence for Malta High Net Worth Individuals
The financial qualifications are easy to
satisfy and permanent residents are entitled to the following benefits:
-
A annual tax liability of a mere EUR20,000-25,000
-
No world-wide income/wealth tax - tax only paid on income remitted to and
kept in Malta
-
No need to purchase property - only a minimum annual rent of EUR20,000
-
No minimum investment requirements
-
No Inheritance/Wealth Taxes
