The Global Residence Programme Rules, 2013 - Nexia BT

The Global Residence Programme Rules, 2013

/The Global Residence Programme Rules, 2013
The Global Residence Programme Rules, 2013 2018-10-09T13:12:05+00:00

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Tim Dambrauskas
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tim.dambrauskas@nexiabt.com
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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 residence permit in Malta.

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.

For further information, read our factsheet Global Residence Programme below.