Reading Time: 5 min

Malta residence permit by investment for the Thai sportsman to optimise taxes and travel around Europe

I always thought Thailand’s 35% income tax rate was too high. When I was invited to train in Spain and offered a work permit, I hoped to decrease my taxes. Spain’s 28% tax rate was lower but still pretty high.

Then, I discovered Malta, where the tax rate is just 15% for residents by investment. That settled it—I chose Malta over Spain.

I contacted Immigrant Invest, and they immediately began working on my case. Six months later, I became a Maltese resident, paying half the taxes I used to.

Anurak

Anurak, 20

Sportsman from Thailand

Clients’ names and photos have been changed

Malta Global Residence Programme

This case was provided by our expert

Igor Buglo
Igor Buglo

Head of the Maltese office, MBA

Malta residence permit by investment for the Thai sportsman to optimise taxes and travel around Europe

  • Share:

Individual cost calculation for residence by investment in Malta

Individual cost calculation for residence by investment in Malta

How Anurak obtained his residence permit in Malta

Obtaining the residence permit for Anurak took 6 and a half months. Immigrant Invest guided him through every step of the procedure.

The investment amounted to €30,527.50.

1

June 26th, 2024

Conclusion of a contract

Before signing a contract with Anurak, Immigrant Invest conducted a preliminary Due Diligence check to identify any risks of refusal.

Anurak’s Due Diligence was successful. Immigrant Invest lawyers signed the contract with him and began the application process.

2

+ 4 weeks, €1,500

Collection of document

Lawyers provided Anurak with a list of required documents, including:

  • valid passport;

  • birth certificate;

  • CV;

  • bank statement for the last 12 months;

  • police conduct certificate;

  • health insurance.

Anurak gathered, apostilled, and notarised all the documents in Thailand. Immigrant Invest lawyers stayed in constant contact with him and answered all his questions.

The investor spent approximately €800 on translation, notarisation, and apostille of documents and €500 on health insurance.

3

+ 4 months, €6,000

Application and Due Diligence

Immigrant Invest submitted Anurak’s application to the Inland Revenue Department, IRD. At this stage, Anurak paid the administrative fee of €6,000.

4

+ 1 day

Interview

After reviewing the application, the IRD invited Anurak to an interview with the Director of the Revenue Department, a mandatory part of the Due Diligence process.

The interview, conducted via video call, required Anurak to explain in English why he wanted to obtain a Maltese residence permit. An Immigrant Invest agent attended the interview to support him.

5

+ 1 week, €15,000

Approval

Upon successful completion of Due Diligence, the IRD issued a Letter of Intent confirming Anurak’s eligibility to participate in the Malta Global Residence Programme. After approval, the investor had 12 months to rent real estate, pay the tax, and apply for a residence permit card.

Anurak paid the required annual tax of €15,000 almost immediately and received confirmation of his special tax status along with a tax number.

6

+ 2.5 weeks, €9,000

Renting of real estate

Immigrant Invest presented Anurak with several housing options, accompanied by photos and videos to help him make an informed choice.

He selected an apartment in Mgarr, Gozo, at a cost of €9,000 per year. Lawyers verified the property’s compliance and the owner’s legitimacy. They signed the lease agreement on Anurak’s behalf and assisted in registering his Maltese address.

7

+ 1 week, €27.50

Trip to Malta

Anurak received an invitation to submit his biometrics at the Identity Malta Agency. He travelled to Malta, where he filed the application and provided his fingerprints.

Anurak also paid €27.50 for the issuance of his residence permit card. An Immigrant Invest representative accompanied him during this process. 

While waiting for the residency card, Anurak decided to stay in Malta.

8

January 10th, 2025

Collection of the residence permit card

The Identity Malta Agency notified Anurak of the issuance of his residence permit. He collected the card in person.

The initial residence permit is valid for one year. It can then be renewed an unlimited number of times for two years at a time.

Schedule a meeting

Let's discuss the details

Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.

Prefer messengers?

whatsapp icon

WhatsApp