Malta is an island nation located halfway between the European mainland and Africa. It has played a central part in European naval history from as early as Ancient Greece. Today, Malta is an important financial centre and tourist destination. It also is emerging as an increasingly popular residency option within the location independent community thanks to its remittance-based taxation system and its membership in the European Union. In short, any non-remitted income generated by a non-domiciled resident is exempt from Maltese taxation. That is true for both natural and legal persons. Unlike many other countries, Malta does not necessarily impose a time requirement to qualify as tax resident making it a suitable option even for perpetual travelers.