Relocation Services

Relocation Services

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Malta offers excellent opportunities for individuals seeking to acquire a European citizenship. Enjoying a pleasant Mediterranean climate and ranking as the second safest place to reside worldwide, Malta is an ideal place to take up residence. Moreover, being a member of the European Union and forming part of the Schengen Area, Malta offers visa-free travel to more than 160 countries including the US and citizenship can open the doors to living, studying and working elsewhere in Europe.

The competitive cost of living and advantageous tax regimes are also attractive benefits offered by Malta. Both factors have attracted individuals and businesses alike to relocate. Our network of local contacts and our extensive professional experience can painlessly guide you through the relocation process.  We provide advice on the legal and tax rules and other implications of taking up ordinary residency in Malta. As approved agents, we can take you through the process of the citizenship and residence schemes offered by the Maltese government.

The Malta Citizenship by Investment Programme

The Malta Citizenship by Investment Programme (IIP), attracts investors to Malta. The Programme was launched by the Government of Malta in 2014 and is capped at 1,800 applications.

Some of the benefits include:

  • Right to reside and work in the 2nd safest country in the world (World Risk Report, 2015);
  • Citizenship of a well-respected, economically stable and politically stable EU country;
  • Right of establishment in all EU countries and Switzerland;
  • Right to own a second home in Malta; and
  • Ownership of the 10th ranked passport in the World allowing visa-free access to more than 160 countries including the US.

The team is led by Karl Cini, partner at Nexia BT, and who is an Accredited Person/Agent under the Regulations for the Individual Investor Programme (IIP) with Agent number IIP-003. Karl and his team can assist in the completion of the requested documents needed and for the submission of the application when liaising with Identity Malta.

More information can be downloaded from the Malta Citizenship by Investment Programme factsheet.

IIP

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A short clip with more information about the Malta Individual Investor Programme can be found here.

The Global Residence Programme Rules, 2013

The Global Residence Programme ('GRP') Rules were introduced by virtue of Legal Notice 167 of 2013 and came into force with effect from 1st July 2013. The GRP Rules are set to attract third-country nationals who wish to buy high-value property in Malta, whilst benefiting from a residence permit in Malta.

Individuals who qualify under the GRP Rules are taxable at the rate of 15% on foreign source income remitted to Malta with the possibility to claim double taxation relief.

For further information, read our factsheet Global Residence Programme below.

GRP

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The Residence Programme Rules, 2014

The Residence Programme Rules, 2014 ('RPR') were introduced by virtue of Legal Notice 270 of 2014 and came into force with effect from 1st July 2013. The RPR confer a special tax status to EU/EEA/Swiss nationals upon the satisfaction of the Commissioner for Revenue ('the Commissioner').

Individuals who qualify under the RPR are taxable at the rate of 15% on foreign source income remitted to Malta (remittance basis of taxation) with the possibility to claim double taxation relief, subject to the minimum annual tax liability.

For further information, read our factsheet Residence Programme Rules, 2014 below.

Residence Rules 2014

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Malta Residence and Visa Programme

The Malta Residence and Visa Programme gives the opportunity to non-European Nationals and their dependents to reside, settle or stay indefinitely in Malta. Given that Malta is a member of the European Union and also part of the Schengen area, such non-European Nationals will, through the acquisition of a Malta residence and Visa, enjoy unrestricted entry into Malta as well as benefit from free movement within the Schengen Area, provided that the conditions of the Programme are satisfied.

For further information, read our factsheet Malta Residence and Visa Programme below.

MRVP

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A short clip with more information about the Malta Residence and Visa Programme can be found here.

Malta - Income tax incentives for Highly Qualified Persons

This Programme is available to third country nationals as well as to nationals of the European Union, European Economic Area and Switzerland (EU/EEA and Swiss nationals), with the latter (EU/EEA and Swiss nationals) benefiting from the reduced rate of income tax for a maximum consecutive period of five years. By virtue of this amendment EU/EEA and Swiss nationals are now eligible, upon application, for a one-time extension of five years to their period of benefit, subject to the continued adherence to the provisions of the Rules. Such extension shall not be made available to any person who has been residing in Malta prior to the 1st of January 2008. Furthermore, the maximum qualifying period for EU/EEA/Swiss nationals undertaking the Highly Qualified Persons Programme, shall not exceed ten years of assessment.

For further information, read our factsheet Malta - Income tax incentives for Highly Qualified Persons below.

Highly Qualified Persons

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The Key Employee Initiative (KEI) - New scheme for Non-EU Individuals seeking employment and residence in Malta

Identity Malta has introduced a new scheme entitled ‘The Key Employee Initiative’ (KEI). The aim of this scheme is to facilitate and fast track the application process to highly-specialised third-country nationals who seek employment in Malta.

For further information, read our factsheet Key Employee Initiative below.

KEI

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Special Tax Status - United Nations Pensions Programme Rules, 2015

The Government of Malta has launched a Programme providing a special tax status for EU/EEA, Swiss and Third Country nationals, with the exclusion of Maltese nationals, who are in receipt of a Widow’s/Widower’s Benefit or Pension from the United Nations Joint Staff Pension Fund, under certain established conditions.

Individuals, who qualify for the said special tax status under the stipulated terms and conditions shall benefit from an exemption on pension or a Widow’s/Widower’s Benefit of which at least 40% must be received in Malta. Successful applicants shall also benefit from a reduced tax rate of 15% on income arising outside Malta and which is remitted to Malta with the added possibility to claim double taxation relief. Meanwhile, any Income or Capital Gains arising in Malta are taxable at a flat rate of 35% with the exception of transfers of Immovable Property situated in Malta and for which a Final Withholding Tax is applicable.  

For further information, read our factsheet Special Tax Status - United Nations Pensions Programme Rules, 2015 below.

Special Tax Status

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Retirement schemes and retirement funds

The Maltese tax authorities issued a guideline with respect to the taxation of Maltese retirement funds and retirement schemes, as well as the taxation of beneficiaries of retirement income from such schemes. In terms of Article 12(1)(d) of the Income Tax Act (Cap 123 of the Laws of Malta), the income of any retirement fund or retirement scheme that is licensed, registered or otherwise authorised under the Special Funds (Regulation) Act or any Act replacing the said Act is exempt from income tax provided that this income is not derived from immovable property situated in Malta.

For further information, read our factsheet Retirement schemes and retirement funds below.

Retirement

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Disclaimer: This marketing material has been issued by Nexia BT, having registered address at The Penthouse, Suite 2, Capital Business Centre, Entrance C, Triq taz-Zwejt, San Gwann SGN 3000, Malta. Any information within this brochure should be taken as a general guide only and should not as advice and its application to specific situations depend on the particular circumstances involved. Readers are recommended to seek professional advice and should not rely on information provided in this brochure as a substitute for such advice. While all reasonable attempts have been made to ensure that the information contained herein is accurate, Nexia BT accepts no responsibility for any errors or omissions it may contain, whether caused by negligence or otherwise, or for any losses, however, caused, sustained by any person that relies upon it. BTI Management Limited is a registered as a Company Service Provider by the Malta Financial Services Authority. BT International Limited is authorized by the Malta Financial Services Authority to provide fiduciary services which do not include acting as a Trustee. Both companies form part of Nexia BT Group.

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