Top 10 Cheapest Countries That Offer Citizenship By Investment In 2021
Contact us for a free, detailed cost estimate or confidential consultation by email (or phone / office visit, if preferred). The country enjoys a stable political climate and a bi-partisan political scene that is largely convergent on issues of national and economic importance. Malta is fast establishing itself as the premier destination for blockchain projects, including cryptocurrency . Benefits include the freedom to reside and work in Malta, visa-free Schengen travel, fast processing , and a 15% flat rate tax on all income remitted to Malta. Applicants must purchase or lease a property in Malta with a minimum property value of EUR 275,000 for property in Central/North Malta .
Tax is due only on a sources basis on income and capital gains arising in Malta. A non-resident citizen of Malta is only taxable in Malta on Malta source income. A four-tier due diligence process is carried out directly by the Government that will assess applicants and will process law firm and approve applications at various stages. Applicants must show they are in good standing and repute and will undergo a ‘fit and proper’ test. Malta is a neutral, safe and stable country with a friendly people living a European lifestyle but with a Mediterranean quality of life.
Countries With Naturalization By An Exceptional Economic Contribution But Without Citizenship By Investment Programs
It gives many of the same advantages of the prestigious Cyprus program, for about half the total cost. The two-island Caribbean nation of Nevis and St Kitts offers the original and oldest citizenship by investment program, which began back in 1984. For some, the allure of acquiring second citizenship is simply to provide themselves and their family members access to a country that promises a higher standard of living. Your second citizenship could be found in a country with better quality education, health care, and social security. You can also find many places which are more affordable, have better climates and are all round friendlier and more pleasant to live in. Citizenship by investment began with the first program in the Caribbean nation of St. Kitts & Nevis back in 1984.
If you’re wondering how to get a Maltese passport by investment, this guide is your easy answer. Malta has a lot to offer, including possibly the sunniest weather in Europe and one of the continent’s most favorable tax systems. Sign an Annual Compliance Form every year for a period of 5 years from the date that they received their passport.
European Golden Visas: Residence By Investment
Applications for Maltese Citizenship by Investment are processed by the government run entity. To qualify for citizenship the main applicant must pass a ‘fit and proper’ test. The Government of Malta is committed to the highest standard of due diligence to ensure only deserving and reputable applicants are allowed to proceed for the grant of Maltese citizenship. A four-tier due diligence process is carried out directly by the Government to assess applicants and process and approve applications at various stages. Make an exceptional direct investment;Note that the amount due for the exceptional direct investment varies according to whether the applicant has resided in Malta for 36 months or between 12 and 36 months.
Feel free to discuss with our specialists and solicit legal assistance in this matter or for obtaining a residence permit in Malta. If an applicant is unable to satisfy these investment requirements, the application simply will not be approved. The country is centered on different services such as life sciences, agribusiness, law firm high tech, and also operates an open economy. Most of the industries are being owned by foreign expatriates who have created employment opportunities for their citizens. There are numerous benefits for those who want to become a citizen of this country, and it is one of the cheapest citizenship by investment.
Use your online account to submit and store all supporting documentation and to check on the progress of your application. The sun kissed European hotspot offers plenty of charming seaside towns and historical cities to explore alongside its shimmering blue seas, including its UNESCO-listed capital city Valletta and the medieval stronghold Mdina. Having been a strategic naval base for centuries, history oozes from the country’s every pore. Archaeological wonders and historical sites are scattered across the island, dating back as far as 6,000 years. Having a fascinating past, Malta has become a popular scuba diving destination and boasts a flourishing nightlife scene.
You must make a non-refundable contribution to the National Development and Social Fund and meet certain other financial requirements. Everything you need to know about the Malta Citizenship by Investment Program, from eligibility factors, application process to timeline associated and much more. You will receive a fast-track residence card within 3 weeks – you can travel visa-free within the Schengen area until citizenship is issued.