Purpose

Reduction of personal taxes to €15,000 per year
Access to international banking and unblocking of assets
Free movement within the EU and residence in any EU country for up to 90 out of 180 days

Key Advantages

Available to citizens of Russia and Belarus with a Russian address and income
Broadest list of eligible additional applicants
Residence card issued within 4 months

Additional Applicants

The application may include all family members:

children up to 25 years old
parents of the main applicant and the spouse
sisters and brothers
domestic staff such as a nanny

Applications for family members may be submitted after approval of the main applicant.

Documents for Residence Permit Application

International passport
National passport
Residence permits, passports of other countries (if applicable)
Police clearance certificate with apostille
Birth certificate with apostille
Marriage certificate with apostille
CV
Two utility bills or a bank reference letter to confirm place of residence — a Russian address is acceptable
Proof of annual income / availability of capital
Bank reference letter indicating account balance — possible from Russian banks, including Alfa-Bank, Sberbank, and VTB
Tax return or other documents confirming income for the past year

Minimum Financial Disclosure Requirement

When submitting the application it is not required to disclose assets in detail or provide bank transaction history
A general description of the applicant’s assets and indication of annual income is sufficient

Application Stages

The residence permit is issued in approximately 4 months. It is necessary to travel to Malta twice: for biometrics and for receiving the residence card.

Collection and submission of documents — 2–3 weeks
Waiting for approval — 5–8 weeks
Payment of €15,000 and waiting for funds to be credited to the Maltese tax authority account — 1–2 weeks
Biometrics submission — 1 day
Waiting for the residence card — 3–4 weeks

Renewal

To renew the residence card the annual tax of €15,000 must be paid.

The first card is renewed after one year
Afterwards the card is renewed every two years
For each renewal it is necessary to travel to Malta twice: for biometrics and to collect the card

Due to the requirement to pay annual tax for card renewal we recommend this programme to clients seeking to obtain EU tax residency and reduce annual tax to €15,000.

Obtaining Permanent Residency (PR)

To maintain the annual tax at €15,000 we recommend continuing to renew the residence permit every two years. For the clients without a Russian passport we offer PR through investment.

Upon obtaining PR tax benefits are lost. Additionally the following requirements must be met when applying:

pass an exam on the Maltese language and Maltese culture
reside in Malta for approximately 9 months without leaving the country

Annual Costs

The total average annual cost for maintaining the residence permit is approximately €30,000:

Tax – €15,000
Insurance covering all EU countries – approximately €1,000 per person
Property rental:

from €9,600 per year in central or northern Malta
from €8,750 on Gozo or in the south of Malta

As an alternative to renting property may be purchased from €275,000 in central or northern Malta or from €220,000 on Gozo or the southern part of the island.