No minimum stay requirements under Malta Residence Schemes

The highlight of the start of 2012 for individuals and families considering Malta as their alternative residence was the relaxation of the rules of the HNW residence schemes introduced in the latter part of last year.

Under recent amendments to Malta residence scheme rules, Malta has removed its minimum residence requirement for fiscal residence permits under Malta's Residence Schemes for both EU and non-EU nationals.  Under the original text of the relevant tax regulations, a residence permit holder was obliged to prove, at the end of each year of residence in Malta, that he or she had resided for at least 90 days in Malta as well as not more than 183 days in any other country.

The removal of the 90-day minimum stay rule will be surely welcomed by several families previously discouraged by the rigidity of these rules.

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