A silver lining to the pandemic for workers has been the ability to work remotely. An exotic location is now attracting these remote workers to make their country their new home office.
The Mediterranean island nation of Malta has launched a nomadic residence permit program, granting those who qualify with a one-year visa to live and work there.
Malta is located between Italy and North Africa and is home to a strong expat community. It is perfectly configured for remote workers with a strong telecommunications infrastructure, including nationwide 5G mobile internet service.
“The nomadic residence permit allows holders to keep their current job based in another country while legally residing in Malta,” Residency Malta says on its website. “The permit is open to people who can work remotely and regardless of their location, using telecommunications technologies. “
The program is open to people who would normally need a visa to travel to Malta.
“Malta already hosts and hosts digital nomads from the EU,” Residency Malta said. “This community of expatriate entrepreneurs make the most of Malta’s island vibe, nomadic lifestyle, business networking opportunities and cultural experiences.”
The program is designed to increase the number of visitors to the island while stimulating the local economy.
Nomadic license qualifications
To qualify for the program, applicants must meet one of the following three criteria:
- Work for a company registered in a country outside of Malta or have an employment contract.
- Carry out commercial activities for a company registered in a foreign country of which the applicant is a shareholder or partner.
- Offer freelance or consultancy services to clients who are primarily located in a foreign country and with whom the applicant has contracts.
Applicants should also have a monthly income of at least 2,700 euros, or approximately $ 3,150.
Applicants will need to specify how long they intend to stay in Malta, whether 91 to 180 days or 181 to 365 days. This question will determine the type of visa Malta will issue to the applicant. Those who wish to stay longer than a year can request a renewal.
In addition, the applicant’s spouses and children can apply for the same visa.
Nomadic permit holders will not be subject to income tax on their income, but they will pay a consumption tax like other residents.
Residency Malta says there are countless reasons a remote worker would choose to stay in Malta, starting with island life. With the sea, the sun and the sand, Residency Malta says it is the perfect remote workplace.
Communication is also an advantage since English is an official language and the language used for doing business on the island.
The infrastructure is also in place to allow workers to simply plug in and play when it comes to configuring their digital needs.
Malta’s tourism officials also point out its proximity to Europe, the Middle East and North Africa, making travel to and from the island easy and convenient. They also point out that cultural events, a strong healthcare system, and a variety of dining options are major assets.