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If you are looking to obtain Malta Citizenship by Investment 2023, you must know about certain crucial things. Malta is one of the most stunning places to live in Europe. Located south of Italy in the Mediterranean Sea, it offers citizenship to the country. Coupled with the magnetism as a business hub and its competitive tax system elucidate the tremendous popularity of the European country with the global investor community.

Malta Citizenship by Investment 2023

This island country consists of three islands: Malta, Gozo, and Comino. The total population of Malta is approximately 400,000 and the area of 316 sq. km. Maltese is the national language. But the official languages are Maltese and English. Blessed with friendly people, a low crime rate, and a terrific climate, Malta will leave you in awe.

Some ingredients that combine that Malta a perfect place to do business include a low-cost and tax-efficient jurisdiction, English as a business language, stable economic development, an efficient workforce, and an effective legal and fiscal framework. All of them have resulted in Malta’s ranking among the world’s top five booming financial centres in the city of London’s Global Financial Index.

Boasting a rich history, contemporary lifestyle, colonial culture, and the Mediterranean climate, Malta has been witnessing a major chunk of high-net-worth individuals (HNWI) looking to invest in such a fantastic country. Many of them live and conduct business at a global level.

Individuals and businesses can reap the benefits of tax incentives offered, spanning from half rates on personal income to zero taxation for global dividends and interest received. For businesses, tax incentives contain but are not limited to a deduction of national interest and one of the lowest corporate rates in the EU.

Where is Malta?

Located within a 3-hour flight to major European financial centres, Malta is strategically located and includes three islands: Malta, Gozo, and Comino with a total population of more than 400,000.

Eligibility for Malta Citizenship by Investment 2023

Malta Citizenship by Investment is controlled by Community Malta Agency. According to this federal government agency, the main applicant is required to satisfy the below-mentioned eligibility criteria:

  • You should be over 18 years of age.
  • Purchase a residential property of no less than €700,000 in Malta, and that should be held for a minimum period of five years. A substitute for this is to lease a residence that has a rental value of €16,000 annually.
  • An investment of no less than €600,000 if you have completed three years of residency in the country or €750,000 after living in Malta for a year.

Note: You are not authorized to sublet or sell this property during these five years.

  • A valid residence card to apply for Malta citizenship. On buying real estate property, you will be issued an e-ID card i.e. Malta identity document.
  • You as well as your family members should be in the best of your health.
  • Make a donation of €10,000 to any firm, which is approved by the Community Malta Agency. Also, you can donate to a registered sport, scientific, animal welfare, cultural, philanthropic, cultural non-governmental firm, or society.

Since this program draws wealthy foreign investors’ attention to high standards, you will be subject to due diligence.

Benefits of Malta Citizenship by Investment 2023

Malta offers a plethora of great benefits in exchange for an investment, which contributes to the country’s economy.

Work or Study in EU Countries

Both you and your family are granted the right to reside, work, or study throughout the EU. It provides lifelong security to the family.

Moreover, your children will get access to Maltese public schools and universities. State schools do not charge a fee from the students. The students can get access to transportation and books without any cost. The University of Malta is publicly funded and is free for the citizens of Malta.

Malta is one of the swiftly-growing economies of the EU. So, you have a great opportunity for establishing your business after you obtain citizenship.

High-Quality Life for Family

No doubt, Malta is a wonderful island nation. Your loved ones can make the most of property rights and freedom of speech, just like the locals. Furthermore, there are numerous tourist spots owing to the fact that many Europeans visit Malta on a holiday. That is why it is considered one of the most popular destinations among Europeans. Also, Malta is equipped with up-to-the-minute infrastructures, such as safe banking and internet services.

Visa-Free Travel to 186 Countries, Including the USA

As a Maltese citizen, you can avail all the European Union benefits. In addition, you and your family can visit the USA and Canada without a visa. As well, you can travel to Asia, Africa, the Middle East, and the majority of nations in North, Central, and South America.

What’s more? You can access 26 Schengen visa nations without worrying about border checks. There is no need for passport or customs checks.

Access to the Best Healthcare System in Malta

Ranked among the top five by the WHO, Malta offers an unparalleled healthcare system globally. Medical services covered under health insurance include prescriptions, hospitalization, pregnancy, childbirth, and many more.

Residency Requirements for Malta Citizenship by Investment 2023

The time you have to reside in such a remarkable European country before you become eligible for citizenship depends on the amount you choose to invest.

  • If you invest no less than €750,000, you can get a Malta passport after a year.
  • If you choose to invest €650,000, you can get a Malta passport after 3 years.
  • If you invest €100,000, you can get a Malta passport after no less than 5 years.

Malta Citizenship by Investment 2023 Program

For Brits looking for the quickest pathway to EU citizenship, Malta is the most amazing option in the EU. However, you will need a vast amount of money to invest in citizenship by investment in Malta.

Launched in 2014 as the Individual Investor Program that ran until 2020, the Government of Malta changed it to Malta Citizenship by Naturalization for Exceptional Services by Direct Investment.

The new program is loaded with a strict set of rules and regulations, which are designed to combat the problems of money laundering and keeping foreign criminals out of the EU. However, the program still allows successful candidates to obtain EU citizenship with have to move to the nation for the long term.

Investors have two options within the Malta Citizenship by Investment 2023 program:

  • Citizenship after one year
  • Citizenship after three years

The option you choose depends on the amount of money you are willing to invest.
There are three types of investment you should know about:

PART 1: Investment in Malta’s National Development Fund

  • Citizenship after 1 Year of Residency – Invest €750,000 (plus €50,000 for each family member).
  • Citizenship after 3 Years of Residency – Invest €600,000 (plus €50,000 for each family member).

PART 2: Donation to Charity

  • Citizenship after 1 Year of Residency – Invest €10,000,
  • Citizenship after 3 Years of Residency – Invest €10,000.

PART 3: Real Estate

  • Citizenship after 1 Year of Residency – Purchase minimum value of €700,000 or rent for €16,000 annually for five years.

Citizenship after 3 Years of Residency – Purchase minimum value of €700,000 or rent for €16,000 annually for five years.

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