The Nomad Residence Permit – A New Way To Reside In Malta.
The Mediterranean island of Malta has a history of hosting people with important jobs from all over the world.
It started with the first civilisation to build free -standing houses: They had grown weary of those humid caves with scribbles on the walls.
Then Saint Paul stopped by on his way to Rome as he was working on becoming the greatest martyr in Christendom.
The Crusaders, who were from the richest families from all over Europe, had a big office here, for many years. It was called the Order of Saint John.
Winston Churchill was here, George Bush too and the list just goes on and on throughout the centuries.
Now it could be your turn.
In response to the changes brought about by globalisation, progress in digital technology and recently increased demand for teleworking and freedom of movement around the world Malta has announced that as from 2nd June 2021 non-EU nationals interested in acquiring the right to reside in Malta may apply for a Nomad Residence Permit (NRP).
This option is available to those individuals, who wish to retain their foreign employment/occupation whilst having an opportunity to live in Malta.
Insight From AE
What is the NRP?
Malta’s geographical location, Mediterranean climate and good standard of living make Malta a very desirable place to reside.
Whilst EU nationals have the treaty freedom to settle in Malta, non-EU citizens must have a reason to reside in Malta. The most common reasons were employment with local businesses or study.
The NRP is targeted to attract individuals who wish to reside in Malta and are either working independently or are working remotely for a non-Malta based entity.
In order to qualify for the NRP, the applicants must:
1) Prove that they can work remotely, using telecoms and that they are:
a) Employees of a non-Maltese company; or
b) Shareholders in a non-Maltese company; or
c) Freelancers servicing predominantly non-Maltese clients;
2) Provide evidence that their monthly gross income is more than EUR 2,700;
3) Obtain a health insurance covering all risks in Malta;
4) Rent or purchase a property in Malta;
5) Pass a background verification check.
If the above conditions are satisfied the applicant will be granted a residence permit valid for one year or a national visa of 90 to 180 days depending on the intended duration of stay in Malta. Such permit or visa may be renewed upon expiry, subject to relevant conditions.
How AE Can Help
We are registered with the Residency Malta Agency and with all other competent authorities as accredited agents for all immigration programs currently available in Malta. In addition, we are a multi-disciplinary firm with over 20 years of experience in legal, corporate, tax and financial advisory. We will be glad to guide and support you throughout the whole process of relocating to Malta by pro-actively advising you on the relevant aspects of Maltese laws and regulations.
If your are fed up of long COVID lockdowns, in miserable weather conditions, or if COVID has proven that your work can be done remotely,
then you may seriously want to consider moving to Malta for some time.
We will take care of the necessary paperwork required for the permit to ensure a seamless and hassle free move to your next sun-kissed home.
Contributing Advisors
