Highlights of Malta Global Residence Programme (GRP)
Many individuals looking for a high-quality life in a peaceful environment find Malta the best option. They need to benefit from high-quality and affordable education and health facilities. Some wish for a better way to optimize their business and tax opportunities to ensure a secure financial future for their families.
Malta Global Residence Programme (GRP) is the right program for those willing to enjoy high standards of quality life. They take advantage of a flat tax rate of fifteen percent on their income. Malta GRP is a residence program that attracts foreign applicants due to its minimal requirements and benefits of living in an EU country.
To qualify for the Malta Global Residence Programme, you need to rent or purchase a property in Malta and pay €6,000 as an administrative fee. The residency program requires you to meet ongoing criteria and get the Identity Card. You will also get a tax status under the Maltese jurisdiction. The best part of this program is that you do not need to live in Malta to obtain your Maltese residence permit.
Residents of non-EEA and non-EU countries can benefit from Malta Global Residence Programme and obtain residence on the island. You can also take advantage of the tax status that the Maltese government grants you under your GRP. This residency scheme can be rewarding for anyone seeking to gain an alternate residence to enjoy a high-quality lifestyle and tax profile.
You will have to pay tax on a source and remittance basis under GRP. It means residents will pay tax at the rate of fifteen percent on all the income you make inside or outside Malta and receive it in the country. You can also couple your residency under GRP with other programs like Malta Residence and Visa Program so that you can obtain a Residency card and Tax Status.