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
- No minimum stay requirements
New applications can be made under the 2011 HNWI Residence Rules from 2011. The scheme is available in two streams: (1) Residence for European nationals and (2) Residence Scheme for non-Europeans.
Other Malta Residence Options for HNWIs
For more information about the Malta Permanent Residence Scheme or about the Maltese Ordinary Residence permit, click on the links on the left hand menu of this page.
Maltese Citizenship by Investment
HNW individuals and families are able to apply for Maltese citizenship by investment. More on the tax implications of Maltese Citizenship at Malta Citizenship & Taxation.
Contact us for more information about how the Malta High Net Worth Individual Schemes can be applied to your circumstances.