The Malta Golden Visa (Malta Residence and Visa Program) route allows high-income individuals to receive a Maltese passport within one to three years, by making a substantial investment in Malta.
The investment route which leads to Maltese citizenship is known as the ‘Citizenship by Naturalisation for Exceptional Services by Direct Investment’ program.
This program grants investors a Maltese passport after three years of residency.
Becoming a citizen of Malta comes with the following benefits:
- *You and your family can live permanently in Malta or anywhere else in the EU.
- *You and your family can work and study in Malta or anywhere in the EU.
- *You can travel without a visa to over 140 countries worldwide.
- *Everyone who is granted Malta citizenship will automatically pass on citizenship to any descendants.
- *You can access the social, educational, and health benefits of Malta.
There are two Malta Golden Visa investment options available:
Malta Citizenship by Investment. The investment route which leads to Maltese citizenship is known as the ‘Citizenship by Naturalisation for Exceptional Services by Direct Investment’ program. This program grants investors a Maltese passport after three years of residency. There is also an expedited scheme wheatear to citizenship after only one year but requires a higher investment.
Malta Permanent Residency Programme (MPRP). For this program, the investment threshold is lower, and investors receive a Maltese permanent residence permit. After five years of residence, MPRP holders also become eligible for naturalization as Maltese citizens.
To be granted a Golden Visa for Malta, you must fulfill the following eligibility requirements:
- You are at least 18 years of age.
- You have a clear criminal background and do not face a criminal investigation or international sanctions. This also applies to all family members included in your application.
- You agree to support your family members that are included in your application.
The actual process of visa application can take anywhere from four months to a year. In addition to that, you actually need to live in Malta for at least one year before you can apply for Maltese citizenship.
Taxation in Malta
Tax in Malta is calculated not by citizenship, but by the tax residence of the individual and the source of their income. This means that even after acquiring citizenship in Malta, investors may not have to pay taxes in the country, particularly as most investors are not based in Malta and will not be residing in the country. Foreign assets and income are charged at the source, so as long as the income is not sourced within Malta, it should not be liable to any taxation in Malta.
Taxation in Malta
It is important that investors in this program know that the state has:
- No inheritance taxes
- No estate duty
- No wealth taxes
- No municipal taxes
- No property ownership taxes
This is probably one of the main reasons why foreigners choose to settle down in this country. There are no wealth, inheritance, or annual property taxes in Malta. Income tax also tends to be lower, with rates starting at 15% for people earning €8.5-14.5k and around 25% for those earning up to €60k. Any increase on this is charged at around 35%; much lower than many other European countries.
Fast Passport Boutique For Citizenship By Investment
Fast Passport Boutique has been helping investors get second passports across the world. We can help you get a golden passport in Malta within 1-3 years.
For more information or assistance with citizenship by investment contact us. Call +1 (416) 551-1952 or fill out a form for a free consultation.