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13 Citizenship By Investment Programs Ranked

#6: Only Part Of The Money Is Due With The Application

By the start of the 21st century, only St. Kitts and Nevis and Dominica offered realistic and legitimate options for economic citizenship. In the past several years, however, many countries have launched law firm new programs, and competition, especially among Caribbean jurisdictions, has become fierce. Now, in the age of the pandemic, more European nations are launching invest-for-citizenship options.

Especially if you are from outside the EU you may want to consider buying into Malta’s investment visa to satisfy the residency requirement. When they were designing the program, the Maltese government and their consultants were sure to bake plenty of due-diligence steps into the process. You want to make sure you’ve done your research on the people you plan to grant a passport to. Unlike some countries who opted for a homegrown citizenship-by-investment scheme, Malta hired an international consultant to help design the program here.

A New Agency To Administer Maltese Citizenship

Additional are a philanthropic donation, a property purchase or rental, and fees. For applicants who are only seeking Malta residency or Schengen travel benefits, options start at an annual recurring expense of EUR 15,000 plus property and fees. To qualify for any of the immigration by investment options the main applicant must be at least 18 years of age and have a clean criminal record. Non-EU citizens who apply for the Individual Investor Programme in Malta receive full European citizenship, and not just a simple EU residency visa.

In addition to the purchase of real estate, there are Government fees to be paid. You may learn more information about investment options, visa-free access and specific advantages and qualifications under the section for each country below. Antigua and Barbuda, Cyprus, Dominica, Grenada, Malta, St. Kitts and Nevis, and Portugal allow dual citizenship. GVZH Advocates’ Malta relocation services are targeted to both individuals and businesses.

Malta Location

As the littlest EU part state, you probably won’t have caught wind of Malta previously. Other than having probably the most grounded economy, the least joblessness rates, and one of the world’s best atmospheres, Malta offers incredible tutoring, medical services, and a generally safe climate. Companies can use our large database of international candidates for free and also, purchase Job Posting Packages.

A family of four will donate $200,000 to the EDF, plus $12,500 in fees. Real estate requires a $300,000 minimum investment and is limited to high-end branded hotels and resorts and high-end boutique properties. It’s not only the cheapest for single people, but also offers decent visa-free travel and a transparent application process. They decided that the way to attract more capital was to slash the prices of their citizenship by investment programs.

Malta has weathered the financial crisis well and shared the limelight with Germany as the only two states maintaining economic growth in the Euro Zone. Malta’s banks have been ranked amongst the top 5 soundest banks in the world. Malta is an attractive financial center due to its highly favorable tax system and strategic location at the crossroads of three continents – Europe, Africa and Asia. Applicants who do not declare Malta their domicile are taxable on income generated inside of Malta or generated outside of Malta and brought into the country at standard progressive income tax rates. Income generated outside of Malta and not brought into the country is not taxable. The applicant can choose between purchasing a property , or renting a property .

There are 3 mandatory investments that must be executed by the applicant in order to be eligible for Malta Citizenship by Investment Program. Malta is a neutral, safe and stable country with friendly people living a European lifestyle but with a Mediterranean quality of life. It is a very densely populated country with the majority of the population living in the north of the country. If you want to enjoy the Mediterranean quality of life whilst living a European lifestyle, the Republic of Malta is the place to be. The evidence of having retained a residence in Malta for at least 5 years must be provided within 4 months of receiving the Letter of Approval in Principle.

Benefits Of Holding Maltese Residence Permit

Tax management– Dual citizenship may be useful for tax optimization purposes. For example, in some countries only tax income is received from that country, and no tax is placed on capital gains either. Citizenship by Investment is the method of acquiring second citizenship and passport by investing in law firm turkey the host country’s economy. Citizenship by Investment programs legally confers citizenship status quicker than conventional immigration procedures and does so without asking investors to hold back their lives. The starting date for the residence period shall be the issuance date of the residence card.

The basis for taxation under the Maltese tax is based on residence and domicile. Residence for Malta tax purposes shows an intention to reside in Malta indefinitely. It may also be a basis of physical presence in Malta of at least 183 days.

Maltese passport is ranked 2nd most powerful citizenship by investment. It is an ideal passport for investors as the country has endless business opportunities. Luckily, many countries are now offering a second passport by investment.

If you have not already procured Maltese residency, the minimum amount of time needed to gain is 12 months. If you have already met the residency requirement of the country’s nationality by investment regulations, however, you can secure citizenship in Malta in as little as six months. Launched at the end of 2020 and ratified by the Maltese government, MEIN now replaces the previous Malta Individual Investor Program, which went through a makeover in November 2020. MEIN leads to Maltese citizenship and a second passport provided that applicants meet the program eligibility requirements. In other words, just an updated version of Malta’s old citizenship by investment scheme.

Processing Time

Malta has proven to be a state-of-the-art example in the Investment Migration industry. Partly, due to its extremely strict due diligence and vetting procedure to strictly control who will be able to become a Maltese resident, and later, a citizen through naturalization. After the initially launched programme called Malta Individual Investor Programme had reached the maximum capacity for investment migrants in summer 2020, the immigration program was reviewed and renewed.

Malta passport holders can transfer funds between EU member states, purchase property in any preferred EU country, and invest in any type of business venture. GRP visa applicants may also benefit from Malta’s low flat tax rate of 15% chargeable on all income remitted to Malta from foreign sources, subject to a minimum annual tax of EUR 15,000. To take advantage of this benefit GRP applicants must refrain from staying in any other jurisdiction for more than 182 days and becoming a tax resident in that other country. This program requires a one-time investment and does not need to be renewed each year. The processing time is about 4 to 6 months from the submission of a complete and correct application.

You will be able to travel, work and settle in any of the 27 EU member states, including Norway, Lichtenstein, Iceland, and Switzerland. Before immigrating to Canada, Zain had the great fortune to live in places around the world and values the experiences he gained along the way. He’s now based in Waterloo, Canada but you’ll often find him in Thailand, a country he’s fallen in love with. At the end of the entire process, once you complete the due diligence checks, applications, and financial commitments, you can say hello to your new home in Malta.

This will assist you with showcasing your business globally and acquire more noteworthy validity in the business. If it is a place full of natural beauty, this isn’t a sufficient reason you need to live there. Malta is a nation providing free education, healthcare, and childcare to all its citizens. Malta is more than just an archipelago in the middle of the Mediterranean Sea. It’s a hidden gem and definitely holds more adventures than most people know. The Malta Citizenship by Investment Program, also known as the Malta Individual Investor Programme is one of the most popular Citizenship by Investment programs in Europe, as it comes with countless benefits.