Thinking Of Leaving The UK? Why Malta’s Global Residence Program Might Be Your Best Move
Malta offers several residency options that cater to different needs, whether you’re looking for a second home or planning retirement.
Apr 08, 2025195 Shares6.7K Views
Are you a UK citizen considering relocating to Malta? The process may seem daunting, but with the right information and guidance, it can be a smooth and straightforward transition. Malta offers several residency options that cater to different needs, whether you’re looking for a second home or planning retirement.
Vladlena Baranova, Lawyer, AML Compliance officer at Immigrant Invest, certified CAMS specialist, covers the three main pathways for UK citizens moving to Malta: the Malta Global Residence Programme, the Malta Permanent Residence Programme, and Malta’s citizenship for exceptional services by direct investment.
3 Main Pathways Of Moving To Malta From The UK
Malta offers three main pathways for UK nationals seeking residency or citizenship:
1. Malta Global Residence Programme:Ideal for those who wish to live in Malta while benefiting from favourable tax rates.
2. Malta Permanent Residence Programme:Provides a long-term solution for individuals looking to establish permanent residency in Malta.
3. Malta’s Citizenship for Exceptional Services by Direct Investment:An option for those who wish to obtain Maltese citizenship by naturalisation in 1 or 3 years.
Each programme has unique eligibility criteria and benefits. Depending on your preferences and goals, you can choose the one that suits your needs the most. Let’s dive into the specifics of these three options.
The Malta Global Residence Programme
The Malta Global Residence Programme is an attractive option for non-EU citizens, including UK nationals, who wish to relocate to Malta. The programme provides residence to individuals who meet specific financial criteria and is ideal for those looking to enjoy a Mediterranean lifestyle with favourable tax benefits.
To qualify for the GRP, applicants must:
- Rent a property for at least €9,600 per year, or buy one for €275,000.
- Pay an annual minimum tax of €15,000.
- Have valid health insurance.
- Demonstrate financial self-sufficiency.
Key Benefits Of The Malta GRP:
1. Low tax rates:Malta offers attractive tax rates for international residents, which can be beneficial for those seeking tax efficiency.
2. Access to the EU:As a member of the European Union, Malta is among the best countries to move from the UK, providing easy mobility.
3. Family Inclusion:The programme allows applicants to include family members, such as spouses, children, and even dependent parents.
Malta Permanent Residence Programme
The Malta Permanent Residence Programme allows non-EU citizens to obtain permanent residence in Malta. Unlike the Malta GRP, which is more focused on long-term residence with tax benefits, the MPRP is a more permanent solution that grants the right to live in Malta for an indefinite period.
To qualify for the MPRP, applicants meet several key requirements:
1. Rent real estate for at least €14,000 per annum or buy a property for at least €375,000.
2. Application administrative fee:Investors pay €15,000 as an initial payment and €35,000 at the final stage, regardless of whether they choose to buy or rent property.
3. Government contribution:Investors must make a one-time, non-refundable contribution of €30,000 to the government if purchasing property, or €60,000 if renting.
4. Donation to a non-governmental organisation:An additional donation of €2,000 is required to a local NGO. This donation contributes to social projects in Malta.
5. Proof of funds:Applicants need to demonstrate assets worth at least €500,000, with €150,000 in liquid financial assets. This ensures that applicants have sufficient financial stability to support themselves and their families.
Key Benefits Of The MPRP:
- Permanent residence:Unlike the GRP, the MPRP provides indefinite residency, allowing you to stay in Malta for as long as you wish.
- European benefits:Permanent residents can access many of the benefits of EU membership, including healthcare and social services.
Malta’s Citizenship For Exceptional Services By Direct Investment
For those looking for the ultimate option, Malta offers the opportunity to obtain Maltese citizenship by naturalisation in 1 or 3 years.
To qualify for Malta’s Citizenship for Exceptional Services by Direct Investment, applicants must meet the investment requirements:
1. Contribution to the National Development and Social Fund:Applicants must make a non-refundable contribution to Malta’s National Development and Social Fund. The required amount starts at €600,000 for a minimum 36-month residency, or €750,000 for a reduced 12-month residency period.
2. Investment in Property:Applicants are required to invest in property, either by purchasing a property valued at a minimum of €700,000 or renting a property with a minimum annual rental cost of €16,000.
3. Donation of at least €10,000 to a Maltese non-governmental organisation.
Key benefits of Maltese citizenship:
- Visa-free travel:Holders of a Maltese passport can travel freely within the Schengen Area and to other countries with visa-free access.
- Dual citizenship:Malta allows dual citizenship, so investors can hold both passports.
How To Relocate From The UK To Malta: Step-by-Step Process
If you’ve decided to move to Malta, here’s a simple guide on the steps you need to follow:
1.Choose the program:First, decide which residency or citizenship programme best suits your needs. Consider factors such as your financial situation, long-term goals, and the benefits you want.
2. Meet the requirements:Each programme has different criteria, so ensure that you meet the financial and property requirements. You’ll also need to prove your good standing through a Due Diligence process.
3. Submit application:Once you have all your documents in order, submit your application to the relevant Maltese authorities. This may involve filling out forms, providing proof of income, and making investments.
4. Wait for approval:After submission, your application will go through a review process. If approved, you’ll be granted the necessary visa or residence status.
5. Move to Malta:Once you have received approval, you can begin your relocation to Malta. You may need to find housing, register with local authorities, and set up your financial affairs.
6. Complete the final steps:Depending on the programme, there may be additional steps such as obtaining a residency card or completing a residency requirement.
Conclusion
In conclusion, Malta offers several great options for UK citizens seeking residency or citizenship. Whether you are moving to Malta from UK after Brexit, looking for tax benefits, long-term residency, or full citizenship, the Malta Global Residence Programme, the Malta Permanent Residence Programme, and Malta’s Citizenship for Exceptional Services by Direct Investment each provide unique advantages.
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