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The Maltese Commissioner of Inland Revenue has published updated guidelines to the High Net Worth Individual Schemes. The updated guidelines contain improvements to the HNWIs Schemes launched in September. Please click here for information about the revised guidelines as at 28 December 2011. The guidelines on pending applications under the old Residents Scheme Regulations have also been updated.
Pending applications under the Residents Scheme
An individual who applied for a certificate in terms of the Residents Scheme but whose application was not processed as a result of the suspension of the scheme in December 2010 may reapply in terms of the HNWIs Schemes and will be subject to the eligibility criteria of such shemes. However, applicants will be deemed to hold a Qualifying Property Holding for the purposes of the HNWIs Schemes if they-
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purchased property in Malta before the 14th September 2011 for a consideration of not less than €116,000 or
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entered into a promise of sale agreement before the 14th September 2011 to buy such property provided that the property is purchased by not later than the 31 March 2012 or
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entered into a lease agreement prior to 14 September 2011 for an amount of not less than €4150 per annum
In all cases the property must be occupied by the individual and his family (where applicable) as the primary residence worldwide.
For further information, please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it .