Malta Global Residence Programme and Its Notable Benefits
Malta lies in the middle of the Mediterranean. It is virtually halfway between Turkey and Gibraltar and flanked by North Africa and Italy. More than fifty flights connect almost every European destination to Malta. Travelers from Dubai, Egypt, and Turkey also have air access to this island. Malta is one of the popular tourist destinations, with over 1.6 million visitors traveling the country every year. There are a free health and education system, as well as affordable public transport for residents.
Maltese Global Residence Programme (GRP)
Maltese government introduced Malta Global Residence Programme (GRP) in 2013. It is one of the Maltese residency programs for non-Swiss, Non-EEA, and non-EU nationals who want to take up Maltese residence and remit foreign income there.
The GRP needs applicants to meet specific requirements. It makes you eligible to obtain the Maltese after the ongoing satisfaction of the relevant chucks. It also entails the Identity Card that allows you to enjoy visa-free traveling across the Schengen zone. Once you meet the requirements, the Maltese government will issue a Maltese Residency for an indefinite period.
Why Do I Opt for Malta Residency
Living in a neutral, stable, and highly respected EU country can ensure an excellent quality of life for anyone. It has a pleasant climate and a low crime rate. Maltese residents get a highly evolved educational system and quality health services. Since Malta has proximity to mainland Europe, having a Maltese Identity Card will allow you to visa-travel to other countries in the Schengen area. The Maltese government levies its residents a flat tax rate of fifty percent annually on income remitted to Malta. It is subject to a minimum yearly tax payment of €15 000 per family. However, you will have to pay tax at a flat rate of 35 percent on any money you make in Malta.