Beneficiaries can pay their taxes that were eligible under the Tax Deferral Scheme over a period of 30 months, until the end of December 2024. The first amount will be paid in June 2022, with monthly payments.
Many more countries are designing and setting up residence- and citizenship-by-investment programs to attract affluent investors and talent, thereby enriching nations with a significant and sustainable source of revenue without increasing debt to the detriment of future generations. Investment migration also provides individuals with security and stability, the ability to overcome the constraints of being limited to a single jurisdiction, and access to opportunities to expand their wealth portfolios. It is a sensible, sustainable approach that creates optionality — and certainly a win–win for states and investors alike.
The Change to Grow Scheme supports businesses in kick starting a transformation process that leads to growth. The support comes in the form of a cash grant of €10,000 that is awarded as a reimbursement of 75% of the eligible costs incurred.
The Restart Incentive Scheme along with the “Psychological support to Entrepreneurs” are part of the economic regeneration plan to stimulate economic activity. Malta Enterprise has launched the scheme to support businesses that had to close due to the pandemic, by encouraging access to advisory services with a view to restarting business operations.
3 new incentives launched to help businesses that had to close in March/May as per Legal Notices issued by the Health Authorities, including a “One-time grant” of €1,000 and the continuation of the already existing “Rent & Electricity Scheme”.
A new temporary residency scheme has been launched for people who want to move to Malta but work remotely. The programme offers a six-month visa and an option of obtaining a one-year ‘Nomad Residence Permit’ and costs €300. To qualify, applicants must prove they are contracted to work remotely by a company based overseas, show that they run their own business or offer freelance service to clientele based abroad.
We’re excited to announce that we officially became authorised agents for the Residence & Citizenship Programs with the license number AKM-MEJL-21 and may assist you with your application and with any immigration, tax and legal requirements.
After Brexit, UK companies consider to co-locate to Malta and not just for the favourable tax regime. For those companies that are looking to relocate their back office operations, the advantages gained can be much more than just less disruption to their operations.
The Malta Permanent Residence Program is set to replace the MRVP by March 2021, with no bond investment requirement and same rental rates.
The new citizenship by investment program of Malta, the Naturalisation for Exceptional Services by Direct Investment replaces the original Malta Individual Investor Programme (IIP).