Dr James Scerri Worley
Malta Individual Investor Programme AgentThe Maltese Global Residence Program (GRP) has to be renewed every year. Under the GRP the holder must every year submit a tax return showing the remitted income, pay the relevant tax, and confirm with the relevant department that he is still satisfying the conditions of the Program. On the other hand, the IIP (Maltese Passport Program) is permanent and does not need yearly renewals. The GRP gives the right to the holder to reside and work in Malta and also provides free travel to EU and Schengen countries, however, it does not lead to a Maltese passport or citizenship.
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