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Ordinary Residence is an attractive
residence scheme currently available to individuals seeking to transfer
their tax residence from high-tax countries to overseas lower-tax
jurisdictions such as Malta. There are financial qualifications are easy to
satisfy and ordinary residents are entitled to the following benefits:
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No minimum stay requirements
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No world-wide income/wealth tax - tax only paid on income remitted to and
kept in Malta
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No need to purchase property
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No minimum investment requirements
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No Inheritance/Wealth Taxes
Ordinary residence is intended for persons seeking to take up
residence in Malta and physically live in Malta, possibly even obtaining
a work permit to enable them to seek employment in Malta.
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