It is not difficult to see why Malta is a popular destination for those looking to take up residence in a new country, with its warm climate, safe environment for family and a high standard of living. Malta definitely ticks all the right boxes.

At the forefront of residency and citizenship programmes, Malta offers multiple options depending on your individual circumstances, with the key ones being residency and citizenship. So how do you decide which one to apply for?

Malta Residency Benefits

The two main schemes are The Ordinary Residence Scheme (for EU and EEA nationals, and nationals of Switzerland, Liechtenstein, Norway and Iceland) and The Malta Residence and Visa Programme (for non-EU and non-Maltese).

  • Malta residence schemes offer the chance for both EU and non-EU nationals to reside, work, and do business in Malta.
  • The residency schemes work in tandem with the main tax benefit programmes – The Global Residence Programme and The Residence Programme for non-EU nationals and EU nationals respectively.
  • Individuals that are resident but not domiciled in Malta are taxable on a remittance basis. This means that they are not taxable on any foreign source income which is not received in Malta nor on any capital gains arising outside of Malta, whether remitted to Malta or not.
  • As Malta is part of the Schengen Area, residency would enable freedom of travel within the Schengen Area.
  • Main applicant and eligible dependents may be covered under the schemes.

Malta Citizenship Benefits

If you wish to obtain a Maltese passport and become a citizen of Malta, then the Malta Individual Investor Programme (MIIP) is the one for you! Globally recognised as one of the leading citizenship programmes, MIIP allows a limited number of highly reputable individuals the opportunity to acquire Maltese citizenship. The specific benefits are:

  • Hereditary citizenship to a safe, stable country with a growing economy which has proven itself as resilient in difficult global financial times. As it is hereditary, once the Malta passport has been obtained, the right to that passport is passed down through to future generations.
  • While residency in Malta also enables freedom of travel in the Schengen Area, citizenship offers the opportunity to study and work in all 28 countries. The Maltese passport also provides relatively easy travel to Africa and the Middle East and visa free travel to over 160 countries.
  • High level education system for children.
  • Malta does not have any inheritance or succession taxes.
  • Main applicant and eligible dependents are covered under the scheme.
  • Recognised as the one of the most reputable citizenship by investment programmes.

While residency provides numerous benefits, the MIIP is the only programme which offers the opportunity to obtain Maltese citizenship and passport. It is, however, significantly more expensive due to the investments required, meaning it is only practical for individuals or families with at least EUR 1.2 million to spend on the process.

If you would like to know more about gaining EU citizenship, you can download our complete guide to doing so via Malta. Alternatively, if you are interested in Maltese residency please get in touch to discuss it.