Latest Articles
- The Savvy Shopper 2010
24th August 2010
I published my first Savvy Shopper article last summer and was delighted with the number of emails I received thanking me for the tips and... read
- The versatile portfolio manager
11th August 2010
A myth often observed by investors is that in order to spread your risk into more sophisticated investments and alternative strategies... read
- Having the Midas touch
2nd August 2010
This month, I am taking a look back at one of the investment recommendations I made last year (not once, but twice). A number of readers... read
Expatriate Tax and Residency
Malta has two residency schemes which encourages foreigners to take up residence here. These schemes are supported by an attractive tax structure, amongst other advantages. Foreigners residing in Malta are not taxed on their worldwide income but only on any Maltese source income and on foreign income remitted to Malta. Foreigners becoming resident under the Residents Permit Regulations are taxed at a flat rate of 15%. Those becoming resident under the Ordinary Residents Scheme are taxed by the normal rates of income tax. There are no net worth or real estate taxes and whilst a tax on capital gains arising from the sale of real estate in Malta does exist, this does not apply to the sale of one's main residence if the property is owned and occupied for at least three years.
| Details | Permanent Residence Scheme | Ordinary Residence Permit |
| Minimum Stay Requirement |
None |
None |
| Minimum Annual Tax |
Eur 4,200 |
None |
| Tax on World Wide Income |
None (if not remitted to Malta) |
None (if not remitted to Malta) |
| Property Purchase |
Not Required (Min. €4,200 annual rent) |
Not Required (Min. €4,200 annual rent) |
| Investment |
None |
None |
| Inheritance / Wealth Tax |
None |
None |
| Tax Rates |
15% on remitted income (Min. €4,200) |
Low Tax on remitted income |
| Travel Requirements |
None within Schengen Area |
None within Schengen Area |