Subsidiary Legislation 123.130, High Net Worth Individuals - Non-EU/EEA/Swiss Nationals Rules (consolidated, L.N. 403 of 2011 as amended by L.N. 42 and 319 of 2012 and 178 of 2013)

Consolidated S.L. 123.130, High Net Worth Individuals - Non-EU/EEA/Swiss Nationals Rules (L.N. 403 of 2011 as amended by L.N. 42 and 319 of 2012 and 178 of 2013), 7 pages: definitions (qualifying property EUR 400,000 purchase or EUR 20,000 a year rent; transitional EUR 116,000 / EUR 4,150 for Residents Scheme applicants before 14 Sep 2011), application through an authorised registered mandatory, no applications or determinations after 30 Jun 2013 and transfer to the Global Residence Programme, beneficiary conditions (not more than nine months a year in Malta unless intending long-term residence, fluency in an official language), certificate deemed a residence permit (L.N. 319 of 2012), 15% tax with EUR 25,000 minimum plus EUR 5,000 per dependant, 35% on other income, cessation grounds (incl. more than 183 days elsewhere) and a EUR 10,000 late-notification penalty, mandatory registration. Already recorded: EUR 400,000, EUR 20,000, minimum tax and the 30 Jun 2013 closure. Added the two transitional thresholds. Tax rates, the nine-month and 183-day rules and the penalty are conditions, described here only. No statistics.