• Flat income tax rate of 15%
• No tax on capital gains
• No wealth tax
• No minimum stay in Malta
• Minimum tax of just €4,200

Malta offers a very attractive permanent residency scheme for individuals seeking to change their tax residency. Eligibility for a permanent residence permit requires that the applicant owns assets outside Malta worth at least Lm 150,000 (approximately €349,500) or an annual income of at least Lm 10,000 (approximately €23,300).

The applicant is required to purchase property in Malta at a cost of not less than Lm 50,000 (approximately €116,500) for a house or Lm 30,000 (approximately €70,000) for an apartment or rent a residence in Malta for not less than Lm 1,800 (approximately €4,200) annually.

Permit holders are subject to a flat income tax rate of 15% subject to an annual minimum liability of Lm1,800. Income arising abroad and not remitted to Malta is not subject to tax in Malta. Capital gains remitted to Malta are not subject to tax in Malta. There is no net worth or wealth taxes in Malta. Moreover, permit holders have access to Malta’s wide treaty network.