Malta, an island blessed by a mild climate in the middle of the Mediterranean basin, has much to offer the individual who decides to relocate to its sunny shores. Beyond aesthetics, we find a country steeped in cultural and historical lore, with a thriving economy, an English-speaking population and excellent healthcare and educational standards. All this points to a high quality of life, uncompromised by the relatively low cost of living when compared to other countries in the European Union. One could say that it is perhaps to this effect, that Malta was found to be the home of the happiest people in much of Europe, beating France, Italy and Spain.
The Malta Permanent Residence Programme (MPRP)
Launched in 2015, this programme allows beneficiaries who are third country nationals and their dependents, the right to reside in Malta, and enjoy all the benefits mentioned above and more. Once requirements are met, new and foreign Maltese residents may move freely within the Schengen area and apply for a work permit for themselves and dependants of age. Applicants for this programme must not fall under other schemes, such as the Residents Schemes Regulations, or be of High Net Worth. TACS Malta can offer help with the submission of application for the MPRP, for those who seek permanent residency on the island of Malta.
A Favourable Tax Framework
The tax scene offers a number of favourable incentives geared at attracting high net worth individuals as well as qualified retired persons. It is on this premise that The Malta Global Residence Programme was launched in 2013, granting people who buy high value property and who pay taxes, residence permits. Since then, relocating to Malta has taken on an even more attractive pull. With the right controls in place, a safe environment is ensured for all.
A Smoother Transition
At TACS Malta, we value the need to live comfortably, surrounded by that which fulfils your life and makes the daily running of both work and family as smooth as possible. Whether relocating alone or with family, we can guide you through the necessary processes, assisting you with documentation, liaising with the right departments on your behalf while adopting a consistent, transparent approach. If you are also looking to rent or buy property, we can help you find one suited to your needs and tastes by tailoring a search according to your specifications. Property is booming on the island and as such, you will be spoilt for choice. The procedures in place for renting a property are very straightforward. Here at TACS Malta we offer services to aid you in buying property as well, smoothing out any bumps you might have otherwise encountered.
Many argue that the current legal and economic framework in Malta has been built with the expat in mind, and in many ways, this is true. TACS Malta can assist you and your family through the relocation paperwork, sourcing the right venues and getting you in touch with the right people to make the transition one you will enjoy.
TACS Malta is a family firm with an entrepreneurial approach. Our aim is to provide solutions to individuals and small to medium-sized businesses in a timely, effective manner. We can assist both established firms with innovative solutions, as well as those embarking on setting up a new business in Malta. As a family-run business, we understand our clients’ need for a personal and empathetic service; qualities especially appreciated by high net worth individuals who are exploring the opportunity to relocate to Malta with their families.