Malta is quickly becoming a top choice for people who are looking for a second home destination. The country is an EU member located in the heart of the Mediterranean. Malta has a growing economy, a stable political environment, and some of the most respected banks in the world.
The country distinguishes itself in the global trend of citizenship through investment programs that provide a simplified procedure for investors seeking legal residency and employment opportunities.
Understanding Malta’s New Citizenship by Investment Program
Malta Citizenship by Investment1 program offers a route to European citizenship through monetary donations. This initiative aims to draw in foreign investors to contribute to Malta’s economy. Successful applicants and their families gain the right to live, work, and study in any EU country, and enjoy visa-free travel to numerous countries worldwide.
The prior citizenship by investment scheme was closed after the 1,800 application maximum was met. The revised program was subsequently unveiled in November 2020.
By contributing to the nation’s economic growth, you and your family can get citizenship through a Certificate of Naturalization under this new initiative.
Under the new laws, the number of successful candidates for citizenship under this scheme will be capped at 400 per year. Additionally, the program will be capped when 1,500 candidates have been awarded citizenship.
Why Malta Citizenship by Investment?
Its advantageous location in the Mediterranean offers a gateway to North Africa, Europe, and the Middle East, making it a perfect place to visit and do business. Malta also has a beneficial tax system that includes exemptions from wealth, inheritance, and local taxes. This approach appeals to entrepreneurs and investors seeking financial efficiency.
Malta offers a high life level, first-rate healthcare and educational facilities. It is a popular destination to live and raise a family because of its well-known safety, political stability, and rich cultural legacy. The stringent due diligence procedures that guarantee citizenship to only those who meet the requirements enhance the program’s legitimacy and reputation as a safe investment choice.
Key Benefits
● Work or Study in EU countries
Malta Citizenship allows applicants and their families to travel, reside, and work anywhere in the European Union. Moreover, it offers family protection for life. Like other Maltese citizens, the applicant’s children will have access to Maltese public schools and colleges. Students attending state schools are also entitled to free books and transportation.
Maltese nationals are entitled to free tuition at the publicly financed University of Malta.
One of the EU’s fastest expanding economies is Malta, where you will have the chance to start a business after you obtain citizenship.
● Visa-Free Travel to 186 Countries, Including USA
A Maltese citizen can enjoy all the benefits of the European Union. Furthermore, a visa is not required for you or your family to enter the USA or Canada. You may also visit most of the nations in North, Central, and South America, as well as the Middle East, Africa, and Asia.
Additionally, there are no border checks when entering any of the 26 Schengen visa-exempt nations. Actually, neither a passport nor a customs inspection are necessary.
● Quality Life for Family
Malta is indeed a wonderful country. Like the locals, your family will enjoy the unpolluted air, private property rights, and unrestricted expression. Additionally, there are a lot of tourist attractions because it’s one of the most well-liked vacation spots for Europeans. It also has a contemporary infrastructure with safe banking and internet access.
● Taxes
Similar to other European nations, the tax system in Malta applies taxes on individuals based more on their place of residence and domicile rather than their citizenship. For an individual to be liable for taxation on their income and capital gains in Malta, they must live there for at least 183 days a year. Taxes only apply to non-residents’ income and capital gains originating in Malta.
If a primary house is sold within three years, there is a twelve per cent capital gains tax (CGT); however, if the residence is held for five years, no tax is due upon sale. In Malta, there are no wealth, net worth, or inheritance taxes.
1- https://getgoldenvisa.com/malta-citizenship-by-investment
