High Net Worth Individuals Scheme (HNWI) – EU/ EEA/ SWISS
Malta Relocation & Residency News
22nd January 2015

Malta High Net Worth Individuals Rules
The Malta High Net Worth Individuals Rules- EU/ EEA/ Swiss National
High net worth individuals (HNWIs) taking up residence in Malta may benefit from a special and favourable Malta tax status and treatment as follows:- income arising outside Malta which is received in Malta would be chargeable to tax in Malta at the flat rate of 15% - subject to the payment of minimum tax;
- income arising in Malta and capital gains realised in Malta would be taxable in Malta at the higher rate of 35%;
- no Malta tax would be chargeable on income arising outside Malta which is not received in Malta;
- no Malta tax would be chargeable on capital gains realised outside Malta even if these are received in Malta.
Eligibility - Malta HNWI Rules
A HNWI seeking to benefit from the favourable Malta tax treatment described above would be eligible to apply to the Malta tax authorities for confirmation of his/her special status as such provided that the following key conditions are satisfied (on an initial and ongoing basis):- The applicant acquires immovable residential property in Malta against consideration of at least €400,000 or leases such property against aggregate annual rental payments of at least €20,000. The property need not be acquired or leased at application stage.
- The applicant and his/her family must occupy the above mentioned immovable residential property in Malta as their principal place of residence and no person other than the applicant and his/her family may reside in the said property.
- The applicant must be in receipt of stable and regular resources which are sufficient to maintain him/herself and his/her dependants without recourse to the local social assistance system.
- The applicant must be in possession of private health insurance which covers him/herself and his/her dependants in respect of all risks across the EU.
- The applicant must not be domiciled in Malta or be a long-term resident.
- The applicant must be a fit and proper person.
- The applicant is subject to annual minimum Malta income tax payment of at least €20,000 plus an additional €2,500 per dependant.