Residence Status Explained
Posted: Wed Feb 19, 2025 10:32 am
The Main Difference
The main difference between the Global Residence Programme (GRP) and Malta Permanent Residence Programme (MPRP), is that the GRP does not offer permanent residence rights. A special tax status leads to an annual residency permit, whilst the MPRP offers permanent residence in Malta.
Residence status obtained under the MPRP is valid for life (provided that the requirements of the programme are still being met), whilst the residence status obtained under the GRP is renewed annually subject to paying an annual tax.
Annual Tax:
Under the GRP, a beneficiary must pay a minimum annual tax of €15,000.
Under the MPRP, there is a minimum annual tax of €5,000 if the person is ordinarily malaysia mobile database resident in Malta, or zero tax if the person is not ordinarily resident in Malta. In both cases the tax rate on income remitted to Malta is a flat 35%.
Annual minimum tax under the Permanent Residence Programme is Zero if you are not ordinarily resident in Malta. If you select to be ordinarily resident in Malta, then the annual minimum tax is €5,000.
How Can Dixcart Help?
Any individual interested in applying for one of these programmes is required to do so through a registered approved agent.
Dixcart is an authorised agent and offers a bespoke service. We will be by your side throughout the process from completing the required documents to meetings with the various Maltese Authorities. We can support you in choosing the best residential programme in Malta for you and your family.
The main difference between the Global Residence Programme (GRP) and Malta Permanent Residence Programme (MPRP), is that the GRP does not offer permanent residence rights. A special tax status leads to an annual residency permit, whilst the MPRP offers permanent residence in Malta.
Residence status obtained under the MPRP is valid for life (provided that the requirements of the programme are still being met), whilst the residence status obtained under the GRP is renewed annually subject to paying an annual tax.
Annual Tax:
Under the GRP, a beneficiary must pay a minimum annual tax of €15,000.
Under the MPRP, there is a minimum annual tax of €5,000 if the person is ordinarily malaysia mobile database resident in Malta, or zero tax if the person is not ordinarily resident in Malta. In both cases the tax rate on income remitted to Malta is a flat 35%.
Annual minimum tax under the Permanent Residence Programme is Zero if you are not ordinarily resident in Malta. If you select to be ordinarily resident in Malta, then the annual minimum tax is €5,000.
How Can Dixcart Help?
Any individual interested in applying for one of these programmes is required to do so through a registered approved agent.
Dixcart is an authorised agent and offers a bespoke service. We will be by your side throughout the process from completing the required documents to meetings with the various Maltese Authorities. We can support you in choosing the best residential programme in Malta for you and your family.