Malta Citizenship Programme
What Are The Requirements For Obtaining A Second Passport?
Grenada Grenada has the only Caribbean citizenship program that offers successful applicants visa-free access to China. A dedicated relationship manager will be appointed to assist you in securing and compiling all necessary supporting documents and completing various government application forms. We will guide and support you throughout this often time-consuming and complex part of the process, including making the final submission to the relevant government authority. After the 5 years have lapsed, should the property not have been the owner’s sole residence, the 12% property tax rate is charged. If the property was his sole residence, then it will be tax-exempt upon sale.
To qualify for Malta Citizenship by Investment, the main applicant is required to contribute at least €650,000 to Malta. Of this contribution, 70 per cent will go into the Fund set up by the Government of Malta and run by a board of trustees. The main applicant may also add dependents to a citizenship application his/her spouse, children and parents or grandparents, under certain conditions, to benefit under the Malta Citizenship by Investment Programme. The applicant must invest a minimum of € 150,000 in government bonds and other investment vehicles. You can use this card as evidence to demonstrate your genuine link to Malta.
Top Countries To Get Residency Or Citizenship
National Long-Stay “D” Visa gives a right to the holder to stay in Malta for a period of more than three months. All third-country citizens intending to enter Malta for work and study purposes must have a long-stay visa. It takes nearly 6 months for the documents to be processed before the naturalization certificate is granted law firm istanbul under the Individual Investor Program of Malta. Citizens of Malta adopting children from other countries can apply the authorities to issue those children citizenship of Malta if they are aged 10 or less at the adoption date. Interested applicants must make a minimum investment of €150,000 in Government-approved bonds.
Where are the easiest countries to get citizenship in the world today? There are different ways to get citizenship, and you need to find the best for you and your family. Indeed, the easiest citizenship for a US passport holder may be impossible for other nationalities. Likewise, the easiest country to get citizenship in Europe may be more difficult than other in parts of the world.
Residency & Citizenship Advice Within Our Wider
You are required to make a minimum investment of $1.8 million in a new or existing commercial enterprise that was established after 29 November 1990. Our immigration specialists can help you choose the one that’s right for you. You have to invest £2 million in government bonds or share capital of active and trading UK companies. Reside, work or study in any of the EU countries and Switzerland, and travel visa-free to over 180 countries, including the USA. Currently offers a very competitive and affordable programme compared to other European residency programmes.
Having a pleasant Mediterranean climate and ranked as the second safest place to reside worldwide, Malta is an ideal place to take up residence in Europe. Moreover, the top reasons offered by Malta are the competitive cost of living and advantageous tax regimes that offer attractive benefits. And, while you may not want to have locally-sourced income (and pay the 35% tax rate), as a permanent resident you will be entitled to a work permit turkish citizenship in Malta. While the minimum tax rate is not ideal, the current requirement is much lower in comparison to the rates for the program for High Net Worth Individuals . Under the HNWI program, the minimum tax is €25,000 for the applicant and an additional €5,000 for each dependent. Household staff are subject to the regular tax rates in Malta since their work is based in Malta, preventing them from benefitting from the 15% tax rate.
Dual Citizenship Malta
Bank Account opening services in offshore jurisdictions and Onshore jurisdictions based on clients` requirement for both personal bank account and corporate bank account. We cater to almost all company types in 109 countries not just limited to LLC, JSC or OOO company. Upon Selection, processing of application at Ministry of Labor of the country. Legal consultation and processing of application to Ministry of Labor of the country. Keep yourself updated for upcoming events, job fairs, exhibitions, technology, immigration, travel, education, fashion and music. We at Million Makers provide personalised Real Estate Consultancy, instead of listing on the portal, tell us your requirement and though our vast network internationally, we would filful your requirements.
In sharp contrast to the haven for “high net-worth individuals” imagined by the Maltese government, the country has become a destination for immigrants from North and sub-Saharan Africa. Some of them are refugees, but many simply hope to raise money for their families by working in Europe for a while. For them, moving to Malta is the first step in making it law firm turkey to mainland Europe, via Sicily and the Italian peninsula. The recent influx of irregular migrants has put its government into the spotlight. Its politicians face both criticism from human rights organizations and pressure from other EU administrations. Moving to Malta is a prospect that attracts numerous new residents to the tiny island state every year.
The ‘golden passport’, or citizenship by investment program, that reportedly can be had for about $1 million, allegedly accounted for €432 million in Malta’s 2018 budget. A child or an adopted child of the main applicant or of his/her spouse, who at the time of the application is qualified as a person with disabilities. Once this process has been completed satisfactorily the applicant will receive a certificate of naturalization and be able to receive a Maltese passport. Financial Contributions – The applicant must invest €150,000 in a prescribed financial instrument as specified by the Malta Individual Investor Program Agency .
Please note for all the programs, as per Government rules, you have to apply through authorised agents and service providers rather than approaching the Government directly. Offshore tax haven with bank secrecy laws famous for company incorporations. Antigua passport valid for 5 years and must be present in the country for 5 years to renew the passport after expiry. Jersey is a low tax jurisdiction with high standards of European living.
The main applicant must also make a non-refundable government contribution in the amount of EUR 28,000 or EUR 58,000 . Lastly, the applicant must make a philanthropic donation of EUR 2,000 to a Maltese-registered charity. Residency and citizenship are available to qualified investors, including EU and non-EU nationals over the age of 18, their spouses or long-term partners , unmarried children under 29, and parents/grandparents over 55.
Portugal has approved 10,000 main applicants under its golden visa program, becoming the first European program in history to do so. Unlike other similar programs in the European Union, applicants for program are not obliged to live in Malta before being granted a passport. Instead, if the application is successful and the applicant is wealthy enough to spare the large sum, he or she will get a Maltese passport — and therefore EU citizenship — immediately. So, the applicant could theoretically live in any of the other 27 member states of the European Union. In addition to the minimum direct investment, applicants are required to provide proof of investment in residential property in Malta. Two options are available, namely investment in immovable property on the Islands with a minimum value of €700,000 or a lease of a property with a minimum value of €16,000 each year.
Introduction Malta And Citizenship By Investment
You can apply for a visa for your spouse and minor children in your care. If you’re a third country national then you can usually apply for a family reunification visa once you have been in the country for a year. A beneficial rate of 15% tax on foreign source income that is remitted to Malta, with a minimum amount of tax payable of €15,000 per annum (income arising in Malta is taxed at a flat rate of 35%). This applies to income from the applicant, his/her spouse and any dependants, jointly.
Additionally, an added benefit is that Malta’s legislation is in the English language, and therefore can easily be understood by foreigners. Residency by Investment or Citizenship by investment or Entrepreneur programs. As per the new guidelines, a total of 400 primary applicants will be granted Maltese Passport every year and a cap of 1,500 passports during the entire course of this new program.
Permanent residence confers almost all of the same benefits as full citizenship does. Therefore, many of the benefits which were mentioned above also apply in the case of permanent residency. The exception is that you will not have the benefit of an actual European passport for travel around the world, although you will still be able to work Turkish staying permit and travel freely throughout Europe. The Malta Golden Visa program, officially known as the Malta Permanent Residency Programme was launched in 2015 as an alternative to their full citizenship by investment program. The MPVP provides a fast and efficient route to acquire permanent residency status in Malta in exchange for an investment.
Malta gained independence from the United Kingdom in 1964 and then became a republic in 1974. Malta and Gozo more famously known as investment and lifestyle destinations and the country is known to have one of the best climates in the world. Malta has a double taxation agreement with many countries, including South Africa, which can add an attractive advantage for some investors. The applicant may include dependent children if they are financially dependent on the main applicant and are unmarried.
The contents of the citizenship application will depend on whether the application is made after a 12 month or 36-month residency period. In the latter case, the applicant would be required to resubmit certain documents, including recent police conduct certificates and bank statements. A non-citizen is eligible for a residence permit through the acquisition of a qualifying property in a government approved scheme at a minimum investment of USD 375,000.
If you actually want to live in Portugal, this is the option to pursue. Qualifying this way, you are expected to be physically present in the country at least 183 days each year. Qualifying with an investment in the arts , your physical presence requirement is but seven days per year. On the other hand, you could also qualify for residency in Portugal simply by showing you meet the country’s minimum income requirement of about 1,200 euros per month per person. If you have the budget, for example, you could make a 250,000-euro donation to the arts in Portugal and receive residency and, eventually, citizenship in that country in return. Residence permit renewal for consecutive years allows you to receive citizenship after living for 10 years stay in Switzerland.
Get started, by reading this quick guide to getting your Maltese work visa. No tax is payable on income earned over €5,000,000 relating to an employment contract for any one individual. Income tax is set at a flat rate of 15% for qualifying individuals (instead of paying income tax on an ascending scale with a current maximum top rate of 35%).
- The initial Residence Permit is valid for 36 months and will be extended if a citizenship by investment application is submitted.
- Economy has the opportunity to obtain a Maltese Citizenship through the Malta Citizenship by Direct Investment.
- Backed by international Citizenship by investment experience and Malta`s legal requirements, we craft best solutions.
- It’s not only the cheapest for single people, but also offers decent visa-free travel and a transparent application process.
- You want to make sure you’ve done your research on the people you plan to grant a passport to.
While the main applicant can add dependents to their citizenship application. Applicants must have a clean criminal record and should be in good health. Furthermore, Maltese banks have been ranked amongst the top 5 soundest banks around the globe. Being members of EU Maltese have the same rights as an EU Member State have.