High net worth individuals scheme to replace permanent residency scheme
|Written by Neville Cutajar — Sat, 17 September 2011|
Finance Minister Tonio Fenech has launched The High Net Worth Individuals Scheme. This scheme will replace the permanent residence scheme which was suspended earlier this year.
Two sets of rules would be in place – one set applicable to EU applicants and another set applicable for third country nationals.
Some of the conditions under these new rules include:
Existing permanent residents will only lose their status if they sell their property in Malta.
Applications received or copies of promises of sale signed before launch of this new scheme and which were not processed due to the suspension of the scheme will have the application fee of €6,000 waived.
For more information, kindly contact:
|Last Updated on Sat, 17 September 2011|
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