The Nomad Residence Permit scheme is proving to be a highly effective way to attract quality foreign residents who work remotely from Malta, according to Residency Malta Agency CEO Charles Mizzi

Mr Mizzi was speaking at a press conference on Wednesday held by the Secretariat for Citizenship and Communities.

“To date, we have received 180 applications, an average of one each working day. We also received hundreds of queries, which we hope will translate into applications at a later stage, especially once COVID-19 travel restrictions ease,” Mr Mizzi said, adding that the majority of applicants have an average income of €60,000 a year and have a degree of some kind.

In terms of demographics, the majority of applicants are from the UK and the USA, have an average age of 37 and are predominately male.

To be eligible 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 based abroad.

Before becoming Residency Malta Agency CEO in 2019, Mr Mizzi was the Chief Communications & Business Development Officer for Malta’s Individual Investor Programme.

Related

Christophe Berger named Chief Operating Officer at Malta-based PLACE Concierge

21 May 2024
by Anthea Cachia

He has over 25 years of experience within the hospitality and tourism industry.

Malta-headquartered Raketech announces permanent appointment of Co-Founder as CEO

21 May 2024
by MaltaCEOs

Johan Svensson had been appointed acting CEO in early 2024.

Adaptability and resilience: The two skills job candidates and employers need to master

20 May 2024
by Fabrizio Tabone

Eurostat data recently revealed that adaptability to change was the top skill requested by Maltese employers in 27 out of ...

Deputy CEO Michael Farrugia hopes The Brewhouse will ‘increase awareness’ on industrial heritage

20 May 2024
by Fabrizio Tabone

This came as The Brewhouse was given the Rehabilitation and Conservation Award at the MASP Awards.

Close Bitnami banner
Bitnami