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Malta offers attractive residency options for digital nomads - A Gateway for Non-EU Digital Nomads: The Malta Nomad Residency allows non-EU digital nomads to reside in Malta while working remotely. This program requires proof of employment or freelance status, and sufficient funds. The Maltese residence card, a part of this program, facilitates access to services and ease of travel within the Schengen Area. The Nomad Residency Permit is not industry-specific. It caters to a wide range of professionals, especially those in IT, management, and marketing. Furthermore, holding a temporary residence permit like the NRP can be a stepping stone to obtaining permanent residency in Malta after several years.
An Overview of Malta's Nomad Residency Permit (NRP): In the heart of the Mediterranean, Malta emerges as a prime destination for digital nomads and remote workers from outside the European Union. Since its introduction in June 2021, the Nomad Residency Permit (NRP) has been offering a unique blend of tax-subsidized residency and the allure of Malta's picturesque landscapes. Designed specifically for non-EU nationals, this program facilitates a lifestyle where work and leisure coexist harmoniously.
Eligibility and Income Requirements: The NRP is tailor-made for individuals engaged in digital work for companies registered outside Malta. Whether you are an employee, a freelancer, a consultant, or a shareholder in a foreign company, this permit beckons. A crucial criterion is a minimum monthly gross income of €2,700. Planning to bring your family? No problem, but do remember that the required income increases by 20% of the average Maltese wage for each family member.
Application Essentials: Embarking on your Maltese adventure begins with compiling up to 18 different documents. Key among these are personal information forms, your international passport, a health declaration, a letter of intent, and, crucially, proof of your sustainable income. This proof could be in the form of employment or service contracts, or evidence of your status as a shareholder. Don't forget the necessity of a rental agreement or property purchase contract in Malta, as well as comprehensive health insurance.
Process and Fees: The application process is streamlined and digital. Submit your documents online, including a letter that articulates your motivation and intended duration of stay. The application fee is a reasonable €300 per person, with an additional agency fee of €27.50. After submitting your application and fee, the Maltese authorities will conduct a thorough due diligence check on your background. Typically, the processing time is around 30 days.
Visa Duration and Renewal Options: The NRP initially grants a one-year residence permit, with the possibility of extension. For shorter stays, a national visa valid for up to 180 days is available. Planning to stay longer than 181 days? You'll be eligible for the one-year permit. Plus, this visa allows travel within the Schengen area for up to 90 days within a six-month period.
Tax Benefits: Malta uniquely assumes that Nomad Residency Permit holders are already tax compliant in their home countries. Therefore, you won't be burdened with additional income tax in Malta on your earnings under this permit. This policy presents a significant financial advantage for digital nomads.