Malta Personal Tax Incentives for Highly Qualified Persons

EU: Member of the EU & EurozoneDOUBLE TAX TREATIES: Malta's double tax treaty networkSCHENGEN STATUS: Full Member Since 2007FINANCIAL SECTOR EXPANSION: 25% Annual growthGDP GROWTH: 5.9% in 2021 (EC)FINANCIAL SERVICES FRAMEWORK: EU and OECD approvedUNEMPLOYMENT RATE: 3.7% in 2017 (EC), lowest in EUTAX SYSTEM: EU-approvedKEY GROWTH AREAS:  iGaming, Financial Services, Innovation, Digital Games, ART, AviationREGULATION: Respected, EU compliant regulatory framework.

• Straightforward Mechanism; 15% Tax Rate on Full Salary
• Clear Regime; Eligible Offices Prescribed by Law
• Efficient Procedure for the Employer
• Certainty for a fixed term

The tax incentives for highly qualified executives are provided by L.N. 106 of 2011, as amended and updated by subsequent legal notices.

Ideal candidates for this favourable personal treatment are executives occuping a senior position in the following sectors:

Qualifying Sectors

• Financial services - companies who are licensed and recognised by the Malta Financial Services Authority.
• Online Gaming - companies who are licensed and recognised by the the Malta Gaming Authority.
• Aviation- companies holding an Air Operators Certificate or an Aerodrome Licence issued by Transport Malta.
• Innovation.
• Video Games.
• Assisted Reproductive Technologies (ART).

Qualifying senior executive positions

• Chief Executive Officer, Chief Financial Officer, Chief Commercial Officer, Chief Insurance Technical Officer, Chief Investment Officer, Chief Operations Officer, Chief Technology Officer.
• Aviation Continuing Airworthiness Manager, Aviation Flight Operations Manager, Aviation Ground Operations Manager, Aviation Training Manager, Aviation Accountable Manager.
• Chief Risk Officer (including Fraud and Investigations Officer), Chief Underwriting Officer, Actuarial Professional.
• Head of Investor Relations
• Head of Marketing (including Head of Distribution Channels)
• Head of Research and Development; (including Search Engine Optimisation and Systems Architecture)
• Portfolio Manager
• Senior Analyst (including Structuring Professional)
• Senior Trader/Trader
• Odds Compiler Specialist

Minimum income

• Salary Threshold; €88,242 (2022) and is able to maintain the family.
• Individual income derived from employment in an 'eligible office' will not qualify for the scheme if a claim is made for any relief, deduction, reduction, credit or set-off of any kind except for any income tax deducted at source.

Other requirements

• In possession of a Valid Travel Document & Insurance.
• Not Domiciled in Malta