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Malta - Highly Qualified Persons Rules (HQPR)
The Highly Qualified Persons Rules (HQPR) is a tax incentive scheme introduced by the Maltese government to attract highly qualified professionals from EU/EEA to work and reside in Malta. The scheme provides eligible individuals with a beneficial tax rate on their income, making Malta an attractive location for highly skilled workers.
Here are some of the key features of the HQPR:
- Eligibility: The HQPR is available to individuals who are employed in a qualifying office or employment in Malta, provided they meet certain qualifications and experience requirements. This includes executives, senior management, and professionals in finance, gaming, aviation, and other sectors.
- Tax rate: Eligible individuals who are approved under the HQPR can benefit from a beneficial tax rate of 15% on their income derived in Malta, subject to certain conditions and limitations.
- Exemption from tax on foreign income: Eligible individuals who are approved under the HQPR are also exempt from tax on foreign-sourced income, except for income arising from a Maltese source which is not related to their employment in Malta.
- Duration of the scheme: The HQPR is valid for a period of five years, renewable for a further five years subject to certain conditions.
- Additional benefits: Eligible individuals may also benefit from other incentives, such as a reduced rate of stamp duty on the acquisition of immovable property in Malta, as well as a reduced rate of duty on the importation of personal belongings and household effects.
The HQPR is an attractive scheme for highly skilled professionals looking to work and reside in Malta. However, it’s important to note that the scheme is subject to certain conditions and requirements, and applicants should seek professional advice to ensure that they comply with the relevant rules and regulations.
