Malta Global Residence Programme (GRP)

The Malta GRP is a Tax Incentive Programme. Unlike the Malta Permanent Residence Programme which offers Permanent Residency in Malta and Malta’s Residency to Citizenship Programme, GRP provides main beneficiary the opportunity to set his/her personal tax rate on income remitted to Malta at 15% only. The processing of an application is quite fast when compared to other local Programmes. Furthermore no Malta tax would be chargeable on capital gains accumulated outside Malta and remitted to Malta. immVest International Limited is an Authorised Registered Mandatory and can therefore process and submit GRP applications to the Commissioner for Tax.

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Malta Global Residence Programme (GRP)

The Malta GRP is a Tax Incentive Programme. Unlike the Malta Permanent Residence Programme which offers Permanent Residency in Malta and Malta’s Residency to Citizenship Programme, GRP provides main beneficiary the opportunity to set his/her personal tax rate on income remitted to Malta at 15% only. The processing of an application is quite fast when compared to other local Programmes. Furthermore no Malta tax would be chargeable on capital gains accumulated outside Malta and remitted to Malta. immVest International Limited is an Authorised Registered Mandatory and can therefore process and submit GRP applications to the Commissioner for Tax.

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Eligibility Criteria

  • Applicants must be non-EU Nationals
  • Applicants must be economically self-sufficient
  • Applicants must be in possession of a valid travel document (Schengen Visa)
  • Applicants must purchase or rent property in Malta
  • Applicant must have EU recognised Medical Insurance in place

Dependants

  • Spouse or unmarried partner
  • Parents and grandparents of main applicant or spouse
  • Dependent children up to the age of 25

Step 1

Complete initial due diligence and thereafter Client Agreement from immVest International

Pay initial immVest International professional fee and begin preparation on the application with immVest Relationship Manager;

Step 2: 2-4 Months

Once application forms are compiled, immVest International will then submit required documentation to the Commissioner for Revenue;

Department of Revenue will conduct the necessary due diligence and review the respective documents;

Step 3: 1 month

The application will go through final decision-making process by the Commissioner for Revenue. If the outcome is positive, a face-to-face meeting with the applicant and the ARM will be scheduled, following which, a letter of intent is issued and sent to the ARM once the application may continue to be processed.

Step 4

Within a period of six months, applicant would have received confirmation on whether his/her application for GRP Residence was approved or not;

Once approved, there is a period of twelve months where immVest International will support beneficiary with the programme requirements say the purchase of property, health insurance and other.

Benefits

  • The right to reside indefinitely in Malta
  • Visa-Free access to the European Schengen Zone
  • No minimum residence required in order to maintain residence status
  • Favourable tax incentives
  • Allows holders to work in Malta

Contributions

  • An application fee of €6.000 (payable to commissioner of tax)
  • Applicants have to purchase or rent a property in Malta;
  • Applicants should have valid travel document;
  • Applicants should have all-covering EU health insurance;
  • Annual cost: €15,000 tax (this covers the whole family for the first €100,000 foreign income remitted to Malta without further tax.)

Let's Connect

Our team of experts is available to discuss any queries you may have and guide you through this process. Get in touch with us to set up a meeting at your convenience.

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