Global Residence Programme

A new residence programme for foreigners has been launched in Malta on 1st June 2013 to replace the High Net Worth Individual program introduced in 2011, which in turn had been introduced to replace the Permanent Residence Scheme. The programme aims to act as an incentive for persons outside the European Union and thresholds in relation to the value of immovable property which is purchased or rented in Malta by the foreigner allowing for property to be valued at a minimum of €275,000 or down to €220,000 if the property is situated in Gozo or in the South of Malta. The tax threshold is to be lowered to €15,000 while the bond amount of the previous scheme amounting to €500,000 is to be removed.