The Global Residence Program (GRP) allows Non-EU/EEA/Swiss nationals who satisfy the program requirements to qualify for a special tax status.
Subject to a minimum annual tax payment of €15,000 and the possibility of claiming double taxation relief, the successful applicants would be subject to income tax at a rate of 15% on foreign source income remitted to Malta. Any foreign source income not remitted to Malta is not taxable in Malta.
The GRP rules are set to attract third-country nationals who wish to buy high-value property in Malta while benefiting from a special tax status and Malta residence permit (which has to be applied for with a separate application).
Read to know in detail about the Malta Global Residence Program.