Residency Malta Agency, the local Government entity responsible for the management and promotion of Malta’s residency-by-investment programmes, has launched a new residence permit, the Nomad Residence Permit. This initiative offers third-country nationals the opportunity to work remotely and reside in Malta for a temporary period.
The holder of a Nomad Residence Permit shall retain their current employment in another country whilst residing in Malta. The residence permit is issued for one year and can be renewed upon the discretion of the authority if the holder of the permit continues to meet the eligibility criteria. Alternatively, those applicants who are interested in staying in Malta for less than one year will be issued with a National Visa valid for 91-180 days depending on the intention of duration of stay.
An applicant, being a Third-Country National, must prove that he/she is able to work remotely by way of telecommunication technology. Additionally, the applicant must meet one of the following requirements:
- 1.Work for an employer who is registered in a country other than Malta, and have a contract of work;
- 2.Conduct business activity for a company that is registered in a foreign country and of which the applicant is a partner or shareholder;
- 3.Offer freelance or consulting services to clients whose permanent establishments are in a country other than Malta and with whom the applicant has a contractual relationship.
All applicants must also:
- 1.Be in receipt of a monthly gross income of at least €2,700;
- 2.Hold a valid travel document;
- 3.Reside in a leased or owned property;
- 4.Hold health insurance covering risks in Malta.
Immediate family members may also be added to the main applicant’s application as long as the main applicant earns 20% over and above the €2,700 monthly income requirement for each dependant added to the application.
All applications are to be lodged via email to Residency Malta Agency while the applicant is still abroad, with the processing of an application expected to take up to thirty (30) days.
This document does not purport to give legal, financial or tax advice. Should you require further information or legal assistance, please do not hesitate to contact Dr Michael Psaila and Dr Julian Fenech Adami