By virtue of Legal Notice 47 of 2014, the Malta Individual Investor Programme (the MIIP) grants reputable foreign individuals and their families who invest in Malta citizenship by naturalisation. The applicants and their dependents are subject to the highest due diligence and background checks ensuring that only individuals of good standing are granted citizenship. Click…
04-07-2014In terms of Legal Notice 167 of 2013 and Article 56(23) of the Income Tax Act, (Chapter 123 of the Laws of Malta) (ITA), a Global Residence Programme (GRP) has been introduced for individuals who are not nationals of the EU, EEA or Switzerland. The GRP grant applicants who fulfill specific conditions a special tax status. The GRP replace…
In this year’s budget speech, the Finance Minister announced a number of tax measures, including the further reduction in the personal rates of income tax; the extension of the exemption from stamp duty on the first EUR150,000 of the property’s value for first time buyers up to 30th June 2015; the abolition of the option…
The financial services sector is now a major force in the country’s economy. Malta has some significant strengths to offer the industry such as a well-trained, motivated workforce; a low-cost environment; and an advantageous tax regime backed up by more than 60 double taxation agreements.