Foreigners (EU/EEA/Swiss Nationals only) may submit an application under the the Residence Programme rules if they satisfy the following conditions:
- Applicant must hold a Qualifying Property. The applicant needs to either purchase an immovable property in Malta of not less than € 275,000 or rent an immovable property in Malta for not less than € 9,600 annually as a lessee. Said Qualifying Property Holding must not be a shared property;
- Have stable and financial resources
- No access to social assistance system in Malta;
- In possession of a valid travel document;
- In possession of an EU wide sickness insurance;
- Fluent in one of Malta’s official language – Maltese or English
- Fit and proper person
- Not benefiting from any other special tax status or be a Maltese national
- Does not spend more than 9 months a year in Malta
- Does not spend more than 183 days per calendar year in another country
Individuals benefiting under this programme will be issued, together with their dependants, with a residence card, renewable every 5 years, which shall entitle the holder to reside in Malta and to move freely within the Schengen countries without a Schengen visa. Furthermore, the individual holder shall acquire a special tax status allowing for a flat rate of 15% on all foreign sourced income remitted to Malta with a minimum annual tax charge of € 15,000. All other income shall be taxable at 35%, with treaty relief being available.