Highly Qualified Persons Scheme
The objective of the Highly Qualified Persons (HQP) Scheme is to attract highly qualified individuals to occupy “eligible office” positions, as issued by the Malta Tax and Customs Administration (MTCA). To qualify, applicants must be employed by an MGA-licensed company or a sister/parent company owning more than 90 per cent shareholding in the licensee.
Once approved, to benefit from the Highly Qualified Persons Scheme, applicants must submit an RA17 form, endorsed by the MGA, to the Inland Revenue, along with their tax return form, by the end of June each year.
How to Apply for a New HQP
For a new HQP application, the HQP application form must be submitted together with the following documents via email on [email protected]:
- Contract of Purchase of Immoveable Property or Lease Agreement to cover from the start of employment;
- Health insurance policy that covers the individual from the date of employment as well as any dependants that the applicant may have;
- Contract of employment;
- The latest educational certificates;
- Previous employment references covering the past five years of employment; and
- The last three pay slips.
A Personal Declaration Form needs to be submitted through the applicant’s personal portfolio on our Licensee Portal. The applicant must choose the ‘Change in Personal Details’ application.
In the ‘Involvement Type’ section, the role ‘Other’ is to be used.
Upon the submission of the Change in Personal Details application, the ‘Request for Involvement’ is shown in the company timeline, and persons with the necessary access to the company must approve the request. This role is only used for HQP purposes.
To find further information on applications for Renewals of HQP Status and Changes in HQP Employment, click here.