The Global Residence Programme (‘GRP’) Rules were introduced by virtue of Legal Notice 167 of 2013 and came into force with effect from 1st July 2013. The GRP Rules are set to attract third-country nationals who wish to buy high-value property in Malta, whilst benefiting from a Malta residence permit (which has to be applied for with a separate application).
Individuals who qualify under the GRP Rules are taxable at the rate of 15% on foreign source income remitted to Malta with the possibility to claim double taxation relief.
Our professional tax advisors can assist you in clarifying all your doubts.
An Applicant Must:
An aspiring applicant of the special tax status, who is not a long term resident, is required to hold a qualifying property, the holding being either:
Household staff can also be included in the application. The definition refers to an individual or individuals who has/have been providing services to the beneficiary in a systematic manner for at least two years prior to an application for special tax status in terms of the Global Residence Programme. A beneficiary may have more than one household staff at any time.
A non-refundable one-time registration fee of €6,000 (€5,500 in the case of applications involving a qualifying property holding in the south of Malta or in Gozo) must be paid upon application.
The GRP Rules list a set of continuing obligations that need to be satisfied by all successful applicants, being that the individual must:
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