Taxation of Individuals Moving to Malta
Malta offers two forms of incentive schemes that are available for individuals who are moving to Malta:
Special Tax Treatment for Highly Qualified Professionals:
In 2011, Malta introduced a tax incentive scheme that targets highly qualified personnel moving to Malta to work in the financial services and igaming industries. The following are the benefits that are available under the scheme to highly qualified professionals earning a minimum of € 75,000 amongst other criteria:
1. Individuals having their domicile outside of Malta and who are employed in a senior position with a company that is licensed or recognised by the Malta Financial Services Authority or the Lotteries and Gaming Authority can benefit from a flat income tax rate of 15% on income up to € 5,000,000.
2. Any income over € 5,000,000 will be tax free
Taxation for High-Net-Worth-Individuals:
High-Net-Worth-Individual (HNWI) who take up residence in Malta can benefits from a flat tax rate of 15% on foreign income remitted to Malta (foreign capital gains are exempt). Income in Malta will be taxed at the normal progressive tax rates up to a maximum rate of 35%. A number of criteria will apply for a individual to classify an HNWI and be eligible for the 15% flat tax rate. Please contact should you require more information related to the criteria for eligibility.
By virtue of LN47 of 2014 the Government of the Republic of Malta grants naturalization by investment, (after a rigid and thorough due diligence process) to reputable individuals and their dependants who make a significant contribution to the social and economic development of the country.
The IIP allows for the grant of citizenship by a certificate of naturalization to foreign individuals and their families who contribute to the economic development of Malta.