Our Services

The Nomad Residence Program (NRP)

In June 2021, Residency Malta Agency (RMA) in collaboration with Identity Malta Agency, has launched the Nomad Residence Permit.

For applicants to be eligible for this permit, they need to prove they can work remotely from Malta. This permit will be issued only to non-EU / EEA / Swiss nationals and their dependents, provided that certain conditions are satisfied.

Get in touch with us!

The qualifications and general requirements are that applicants must:

  1. work for an employer registered in a foreign country and have a valid contract of employment;
  2. conduct business activities for a company registered in a foreign country and of which they are partners/shareholders; or
  3. offer freelance or consulting services, mostly to clients whose permanent establishments are in a foreign country, and with whom they have contracts.

Applicants’ gross monthly income needs to reach a threshold of EUR 3,500. For each family member joining the main applicant, a 20% of the median wage needs to be considered in addition to this. Family member/s’ applications may be submitted at the same time as that of the main applicant or at a later stage, after the main applicant would have been granted with the NRP. 

Submission of applications happens online, via email. At this point, the applicant needs to specify whether his intention is to reside in Malta between 91 days-180 days, or 181 days‑365 days. The former will be issued with a National Visa whilst the latter will be issued with a Residence Permit. Payment instructions for the EUR 300 administrative fee, payable to RMA, for each applicant will be received as part of the online application process. Fees are not refundable and do not include visa related fees.

The duration of the application process will take approximately up to 30 days following receipt of all required documentation.

A residence card issued on the basis of NRP will be issued for one year, and can be renewed for up to 4 years in total, at the discretion of RMA, if the applicant still meets the set eligibility criteria.

 

    For more information about the program, please contact either Stephen Balzan, one of the firm’s partners on [email protected], or the Manager in charge of the firm’s private clients, Liana Falzon on [email protected].

    TAX ADVISORY sERVICES

    ACT is a well-known and respected boutique tax advisory firm providing high-quality tax advice to Multinational Enterprises, SMEs including family owned and other owner-manged companies, family offices, trusts, foundations, employees and high net worth individuals.  

    Corporate Taxation in Malta

    Maltese companies are subject to tax at the rate of 35% on their worldwide income and capital gains. Malta grants various fiscal incentives to both companies and their shareholders upon the distribution of a dividend.

    Setting up a Company in Malta

    Setting up a company in Malta is a relatively straight forward procedure and can be set up within 2 working days, provided we are in receipt of all the information, funds and due diligence documentation we need.

    Taking up Residence in Malta

    Warm climate, friendly people, excellent communication infrastructures, low criminality and many other features of the Maltese islands have made Malta an excellent destination for people to take up residence in.

    Remote Gaming in Malta

    Malta was the first EU Member State to specifically regulate the remote gaming industry in 2004 and has ever since established itself as one of the prime jurisdictions for remote gaming operators. The Malta Gaming Authority (“MGA”) is the regulatory of gaming in Malta.

    Payment Institutions in Malta

    Malta has become a destination of choice for the setting up of Payment Institutions (also referred to as Payment Services Providers or PSPs). A number of advantages have contributed to this success, e.g. fiscal incentives granted.

    Electronic Money Institutions in Malta

    Malta has recently seen an increase in the number of Electronic Money Institutions (EMIs) looking to set up their operations in Malta. This has been largely due to the growth in the e-commerce and the i-gaming industries.

    Initial Coin Offering (ICO) Services in Malta

    Malta has always been on the forefront of technology and innovation. A number of initiatives have been launched, aimed at establishing an innovative and attractive regulatory framework for entities operating in the blockchain industry.

    Assistance to Family Businesses in Malta

    Malta has recently introduced legislation to encourage good governance in the management of family businesses, to assist family businesses to operate in an efficient way and to assist in the transfer of business from one generation to the other.