Launched by the Residency Malta Agency (formerly known as the Malta Residency Visa Agency) in collaboration with Identity Malta Agency on June 2, 2021, Malta’s Nomad Residence Permit is yet another initiative taken to attract foreign consumption in Malta.
The new Nomad Residence Permit allows third country nationals to have the opportunity to work remotely from Malta for a temporary period provided they confirm that they can work remotely from any location.
So, if you are the owner of a company conducting business activity, a remote worker, or you are a freelancer offering consulting services to international clients, the doors of the Maltese islands are open for so-called digital nomads.
The new Nomad Residence Permit initiative is the scheme that will make Malta to jump on the bandwagon of increased demand for remote working globally, as the pandemic shifted goalposts and new trends are being set. Individuals who can work remotely using technology and entrepreneurs with a flair for travelling and discovering new countries and cultures are being made welcome in Malta.
The applicant would however be required to confirm that they fall under one of the following categories:
- They work for an employer registered abroad; or
- They conduct business activity for a company registered abroad, and of which they are partners or shareholders; or
- They offer freelance or consulting services to clients whose permanent establishments are in a foreign country.
In addition to the above, the applicant must reach a monthly income threshold of EUR 2,700 gross of tax and be able to provide a valid travel document, health insurance, a copy of their lease or purchase agreement in Malta and pass a background check.
The Nomad Residence Permit will be issued for one year. However, it may be renewed upon application at the discretion of Residency Malta, provided all eligibility criteria is still being met.
According to Identity Malta Agency, the new visa service to nomad applicants is part of the new Premium Visa Service which Identity Malta Agency will be launching in the coming weeks. The service is a door-to-door option intended for highly skilled professionals in order to streamline the process without compromising the due diligence process.