South African nationals wishing to obtain a Plan B abroad are increasingly considering Malta as a prime jurisdiction for a second country residency.

Find out how you can obtain second country residency below:

As a member state of the European Union, Malta is strategically well situated at the heart of the Mediterranean, with very close ties to mainland Europe, North Africa and the Middle East. In reality, the country is the entry point into Europe from the south and into Africa from the north, with good air route connectivity. It shares time zones with South Africa (GMT + 2), making it ideally suited for conducting local business from abroad.

Apart from the relaxed lifestyle and sun-drenched climate,  very friendly and hospitable people, Malta offers South Africans the ability to obtain residency and allows for visa free travel to and within the European Union. Family members can also be included under the primary resident’s application, and depending on which residency programme you choose, you are not required to permanently reside in Malta in order to be able to obtain residency.

An additional draw card is the relatively friendly taxation requirements – residents are only taxed on their remitted income and Malta based earnings. A 15% tax rate is typically charged in respect of any foreign sourced income remitted into Malta. There is however the option of claiming double tax relief.

If you are looking for a stable political climate, relatively crime-free and safe to live in environment, having superb education and health services, look no further than Malta

Ordinary Residence for EU Nationals

Grounds on which EU nationals can become ordinary residents are economic self-sufficiency, employment, education and opening a business

It requires individuals to physically live on the island for a period of 6 months or more.

There is no minimum value property requirement for non-residents seeking to obtain ordinary residence.

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Requirements

In the case of self-sufficiency you have to show you can provide for yourself and not need any support from the Maltese government.

Single persons:

  • € 92.00 income per week or
  • € 14 000 Capital

Married persons:

  • € 109.00 income per week or
  • € 23 300 Capital

Ordinary Residence for non EU/EEA Nationals

This programme requires individuals to physically live on the island for 6 months or more.

An employment licence is required in order for a non EU/EEU national to work in Malta. This is granted upon satisfying certain criteria.

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Requirements

To be self employed or to work for ones own company requires capital or paid up share capital

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The Global Residency Programme

This programme is for non-EU nationals interested in taking up residence in Malta while enjoying a favourable tax rate. A flat rate of 15% is applicable on foreign income remitted to Malta, with a minimum tax of € 15 000 per year. Holders are also able to work or set up business in Malta subject to applying and obtaining necessary permits.

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Requirements

  1. Property: Purchased or rented
  2. Health Insurance: All risks covering you in the EU
  3. Stay requirements: No minimum stay but you MAY NOT spend more than 183 days (6 months) in any other 1 jurisdiction

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The Nomad Residence Permit

This programme is for non-EU nationals interested in taking up residence in Malta while working remotely. Applicants must be employed by a company which is based out of Malta, run their own business or provide freelance services to clients outside of Malta. Applicants must have proof of the remote work.

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Requirements

  • Have a contract of work with employer registered in a foreign country, freelance or consultancy contract
  • Hold a valid travel document
  • Health insurance: All risks covering you in the EU
  • Hold a valid rental agreement or property deed in Malta
  • Pass a background verification check

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Malta Permanent Residency Programme (MPRP)

This programme is for non-EU nationals where applicants and their dependents are offered the opportunity to acquire indefinite residential status in Malta.

The programme is managed by Identity Malta, whose role is to examine applications and issue certificates where all criteria requirements are met

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Requirements

  • A non-refundable government contribution which is dependent on whether the main applicant chooses to rent or purchase a property in Malta.
  • Property: Purchased or rented
  • Donation to a local registered NGO
  • Health insurance: All risks covering you in the EU

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Citizenship (Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment process) (MEIN)

In November 2020 Malta officially launched it’s latest programme which allows foreign nationals the opportunity to obtain Maltese and EU Citizenship.

This programme allows for the grant of citizenship to duly qualified, reputable foreign individuals and families (EU and non-EU nationals) who make a significant contribution to the economic development of Malta.

The main applicant must be at least 18 years of age and may also add to a citizenship application for his/her spouse, as well as children and parents or grandparents, given that certain conditions are met.

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Requirements

  • A contribution to government: Standard or fast track
  • A property Investment
  • A donation to a non-governmental organisation

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Retirement Programme

As of 2020 Non EU nationals are now eligible for this programme

By taking up the Malta Retirement Programme (MRP), beneficiaries will be able to benefit from a tax rate of 15% on any income arising outside Malta which is received in Malta by the beneficiary or dependent, with the possibility to claim relief of double taxation.

It is ideal for retirees, or persons reaching retirement age, who are looking at taking up residence in a country that offers them the best in terms of climate, lifestyle, health services and peace of mind, whilst also providing very favourable tax benefits.

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Requirements

  • Property: Purchased or rented
  • Pension: Applicants must be in receipt of a pension as supported by documentary evidence, all of which is received in Malta and constitutes at least 75% of the beneficiary’s chargeable income.
  • Stay requirements: Applicant must reside in Malta for not less than 90 days a year, averaged over any five year period. He may not stay in any other jurisdiction for more than 183 days in a calendar year.
  • Health Insurance: All risks covering you in the EU

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