Malta’s Parliamentary Secretary for Citizenship, Alex Muscat, has unveiled a new “Nomad Residency Permit” aimed at luring “non-EU” distant workers and bolstering the country’s talent pool.
The new permission, which was announced in partnership with Charles Mizzi, CEO of Residency Malta Agency, and Anton Sevasta, CEO of Identity Malta Agency, will allow remote personnel to work and consume in Malta while paying taxes in different jurisdictions.
No restriction of specific industries
The Parliamentary Secretary further clarified that the Maltese government has no plans to restrict the permit’s use to specific industries, given that remote working has expanded significantly as a result of the COVID-19 epidemic.
Muscat remarked: “This initiative will see Malta 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.”
Six month visa included in the permit
The Maltese government plans to test a non-EU remote worker scheme that includes a six-month visa and the opportunity to purchase a one-year “Nomad Residence Permit” for €300.
Malta is home to over 250 betting companies and is one of Europe’s major gaming sectors, with online gambling accounting for 12 percent of the island’s GDP, producing €700 million and employing 9,000 people.
Betsson, Tipico, and Betfair are among the notable international companies that operate from the Mediterranean region, while William Hill has also created a satellite office on the island.
Ideal working environment
Furthermore, LeoVegas employs roughly 300 employees in Malta, both locally and internationally in its originating country of Sweden, according to CEO Johan Styren, who describes the country as an ideal working environment.
Due to the pandemic, these transnational operators employ hundreds of individuals around the world, the vast majority of whom have been performing their duties remotely.
Additionally, after claiming UK legislative concerns, global online sports betting and casino platform bet365 has announced plans to relocate from Gibraltar to Malta, bringing with it around 500 international staff.
The Maltese government gives a 15 percent tax ceiling on salary payments to highly trained hires in the online sector as an added incentive to the betting and gaming industry.
The MGA has raised concerns about ‘skill gap shortages’ in the igaming industry in past labour audits performed by ‘Big-4′ auditor Deloitte.
On the new resident visa scheme Mizzi said: “If there are any lessons learnt from the pandemic is that people are willing to move more than ever before.
“Early to recognise the signs, Residency Malta has launched this new permit that allows digital nomads to come to Malta and work here, while enjoying all the perks that Malta offers foreigners. The process is simple and we promise an efficient service that discerning nomads expect.”
Premium Visa Service
Sevasta added: “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.”