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MALTA RESIDENCE
The Maltese Permanent Residence Scheme

Benefits of Maltese Permanent Residence

1. An unusually low tax rate

A flat rate of 15% is chargeable on all income (less personal allowances) received in, or remitted to, Malta from either local or foreign sources. This is subject to a minimum payment of Lm1,800 per annum.

Overseas capital funds invested locally are of course only taxed on any interest or dividends generated thereon, again at a 15% flat rate. Permanent residents also benefit from double taxation agreements existing between Malta, most European countries, Canada, Australia and the USA, ensuring that tax is never paid twice upon the same income.

- See Changes to taxation of Permanent Residents, Budget 2003
- See Malta's Double Tax Treaty Network

2. Exemption from Customs Duty/VAT

Your used household and personal effects, furniture and other domestic articles (excluding firearms and weapons of all kinds) may be imported free of import duty if imported within six months of your arrival in Malta to take up residence. In such cases import licences are not required.

Click here for more info about importation of motor vehicles.

3. Complete Freedom of Movement

There are no annual minimum stay requirements. A permanent residence may travel to and from Malta freely without the need of applying for a visa or extensions of stay.

4. Vehicle Registration Fees

Permanent Residents are allowed to register their imported vehicle at preferential rates. Click here for more info.

5. Repatriation of your capital and income

Proceeds from the sale of property, encashment of investments, local income and excess income brought into Malta may be freely repatriated by permanent residents, provided that any tax due has been settled.

6. Rental of Property

Owners of properties with swimming pools or properties enjoying the use of swimming pools are allowed to rent them out, provided that such properties are licensed as holiday accommodation by the Hotels and Catering Establishments Board. All income thereon, is of course, subject to the 15% tax rate mention in (1) above and may be repatriated as in (5) above.

7. No death duties are payable in Malta

1. If a property is purchased in one name, the heirs of the deceased have to pay 7% provisional tax on the value of the property declared. This value will in turn be verified by an appointed architect.

2. If a property is bought jointly and one of the parties passes away, provisional tax of 7% is only paid on half the estate, i.e. half the value as stated in (1).

Though no death duties are payable in Malta, Transfer duty (according to the Duty of Documents and Transfers Act, 1993) is charged on:

  • immovable property in Malta.

  • any shares in a locally registered company (excluding those companies listed on the stock exchange).

Conditions for granting a Residence Permit

Visa free travel in the Schengen Area

Permanent Residence Index

Information courtesy of

Legal | Tax | Corporate

Specialists in Maltese Immigration & Tax Law

120, St Ursula Street,
Valletta VLT1236, Malta

More about Permanent Residence in Malta & the Benefits of Maltese Permanent Residence

Why Maltese residency should interest you

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