Property in Malta and Gozo

FOR YOUR IDEAL HOME IN THE MEDITERRANEAN...
29 April 2024  

If calling from the UK
kindly call on our
UK telephone line

0871 711 8989

Malta Free Phone: 80073737
Head Office:
47, St. Julians Seafront,
St. Julians, Malta.

Tel: (+356) 21 38 41 90,
21 38 39 66.
Fax: (+356) 21 37 72 97.
Fax: (+356) 21 38 39 43.


Qawra Office:
2, Triq il-Kurazza,
Qawra, Malta.
Tel: (+356) 21 57 44 23,
21 57 44 24.

Gozo Office:
37, Republic Street,
Victoria, Gozo.

Tel: (+356) 21 56 66 90,
21 56 66 91.

[email protected]

 
Residency Conditions
Any E.U citizen may reside in Malta freely. However with regards to working on the island one has to apply for a work permit. Self-employed people can work freely but have to set up a business on the island. Additionally, Malta also offers a permanent residency scheme, with a beneficial income tax rate of 15 % for those who qualify as described below:

Any non resident may submit an application for a permanent residency permit. Subject to the following conditions:

· An annual income of € 23, 294 or Capital of  € 349, 406

· The annual remittence to Malta of  € 13, 976 in respect of the applicants and € 2,323 for each dependant.

· Either purchase property valued at not less than € 174,133. in the case of a house (€ 104,509 in the case of an apartment etc). Alternatively to lease or rent property for not less than € 4,193 per annum.

· Prohibited from working due to the tax concession.

Income tax – A flat tax rate of 15% on all income (less tax rebates as applicable) received in or remitted to Malta, from either local or foreign sources, subject to a minimum payment of  € 4,193 per annum.
 

 

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