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

iGaming veteran Jan Flores appointed Deputy CTO at SOFTSWISS

30 May 2022
by Benjamin Abela

SOFTSWISS nowadays employs over 1,200 workers across several countries.

Carlo Micallef promoted to Chief Executive Officer at the Malta Tourism Academy

27 May 2022
by Helena Grech

He served as Deputy CEO and Chief Marketing Officer for the past four years.

Rutvik Deepak named as new Gigify CEO

27 May 2022
by MaltaCEOs

‘Looking forward to adding value to the gig economy in Malta and beyond in my new role.‘

Emanuel Darmanin appointed Malta Information Technology Agency CEO

27 May 2022
by Helena Grech

He first joined the agency in 1994.

Close Bitnami banner
Bitnami