THE GLOBAL RESIDENCE PROGRAMME (GRP)
Beneficiaries under the Global Residence Programme will be issued with a residence permit entitling them to reside in Malta and travel freely within the Schengen area without the need of applying for additional visas, as well as benefit from a reduced fixed tax rate of 15% on all foreign sourced income
that is remitted to Malta.
Eligibility
An individual shall be entitled to apply for special tax status under the programme, if the following
conditions are adhered to:
✓ The applicant must be a third country national and not a citizen of Malta, the EU, EEA or Switzerland;
✓ Payment of an Administration Fee of €6,000 (Reduced to €5,500 if property is situated in Gozo or the South
of Malta).
✓ Acquire a Qualifying Property Holding in Malta;
✓ Set up a health insurance policy which covers the main applicant and his dependents in respect of all risks across the European Union;
✓ be able to adequately communicate in English or Maltese
✓ must be deemed to be a “fit and proper person” and satisfy all due diligence checks carried out by the International Tax Unit (ITU)
✓ must not benefit from any other special tax status in Malta;
✓ be in possession of a valid travel document
✓ in receipt of stable and regular resources which are sufficient to maintain himself and his dependents, without recourse to social assistance.
Qualifying Property
The main applicant purchase an immovable property in Malta for a minimum value of € 275,000 (or in Gozo or the south of Malta for a value of not less than € 220,000);

Lease an immovable property in Malta for not less than € 9,600 per annum, (or in Gozo or the south of Malta for an annual rent of not less than € 8750)
The qualifying property must be retained and not shared with any persons not listed as a dependent on the certificate.

Taxation
The applicant must pay a minimum tax of €15,000 every year;
All foreign sourced income which has been remitted to Malta shall be taxable at 15%, with the possibility of claiming double tax relief on such income;
Income generated in Malta would be taxable at 35%. Income generated outside of Malta and not remitted to Malta would not be taxable in Malta
A beneficiary and his spouse cannot opt for a separate tax computation;
Continuous Obligations
An individual who has been granted special tax status under the Global Residence Programme must
comply with the following obligations on a yearly basis:
a) The Qualified Property Holding must be retained (or replaced with a another property that meets the
minimum requirements of the programme);
b) The applicant must not reside in any other jurisdiction for a period exceeding 183 days;
c) The health insurance policy must be retained.
d) must not become domiciled in Malta;
e) Pay his annual tax
f) Submit an annual tax return, together with an annual declaration confirming that all conditions of the
programme have been complied with.

Application Process
Phase 1 – Application
✓ Application documents are submitted to ITU on behalf of the client, together with a receipt confirming
that the administration fee has been paid.

Upon receiving the documents ITU the will issue an acknowledgment letter and the due diligence
process will commence.
Phase 2 – Due Diligence
✓ The process takes approximately six (6) weeks.
✓ If the applicant is approved a letter of approval in principle will be issued and the Main Applicant
would be invited to attend a meeting at ITU.
Phase 3 – Investments
✓ If approved the Main Applicant would need to submit his agreement to the Qualifying Property and a
confirmation of tax residence will be issued shortly afterwards
✓ The confirmation letter may be used to apply for a Maltese residence card.

Authorised Mandatory
The law specifically states that all applicants are to appoint an Authorised Registered Mandatory
(ARM) to submit the application on their behalf. GVZH is duly licensed as an ARM to handle and
submit applications under the programme.