In the first six months since launching Malta’s Nomad Residency Program in June 2021, Residency Malta has processed 180 applications granting temporary residence for nomads to work remotely from Malta.
The programme offers applicants a six-month visa with the option of obtaining a one-year ‘Nomad Residence Permit’, and is available for a one-time cost of €300. The majority of applicants so far are from the UK and the USA, have an average age of 37 and are predominately male. Most of the applicants are employed with international companies, others are self-employed and freelancers, with the most popular sectors being IT, management and marketing. The majority of applicants earn an average income of €60,000 per year and are qualified to degree level, signifying that Malta is attracting quality applicants, who will continue to contribute to the economy.
To qualify for the scheme, applicants must be non-EU individuals with a gross monthly income threshold of €2,700. They must prove they are contracted to work remotely by a company based overseas, show that they run their own business or offer freelance services to clients located remotely from Malta.
More information may be found here: Residency Malta Agency
