Malta is a Southern European island country consisting of an archipelago in the Mediterranean Sea. Malta has a very rich history and it can be said that is home to nine UNESCO World Heritage Sites.
An advantage of living in Malta is the low cost of living than other countries in Europe. Malta enjoys one of the most favorable tax rates, 15% chargeable on income.
Additionally, Malta has one of the most successful citizenship programs in the whole Europe which allows the investor to live, work and study in the EU Member States. The applicant can receive a residence card within 3 weeks and in the meantime, documents are being processed for the citizenship permit. Upon issuance of the residence card the applicant can travel throughout the Schengen area enjoying an unrestricted visa- free access to 168 countries worldwide before the issuance of the citizenship.
Citizenship is when individuals are able to obtain nationality is a country. The Maltese citizenship program is one of the most popular in Europe. It is officially known as Malta Individual Program.
- • Visa free travel and freedom of movement within EU: As a full member of EU, whoever acquires Maltese citizenship is entitled to live and work
anywhere in Europe. Maltese passport also allows visa-free travel to 168 countries worldwide - • Tax efficiency: Malta’s tax system is based upon residency, not citizenship, meaning that you may not have to
pay tax in Malta even if you obtain citizenship. Malta also has special tax schemes for new citizens
which can result in additional tax efficiency. No Inheritance tax, no estate duty, no wealth tax, no
municipal taxes, no property ownership tax. - • Stability and security: Malta has one of the highest GDP in Europe and one of the lowest unemployment rates and is
one of the safest countries in the continent.
- • Visa free travel and freedom of movement within EU: As a full member of EU, whoever acquires Maltese citizenship is entitled to live and work
In order to be eligible for the Malta you must:
- • Be over the age of 18
- • Have a clean criminal record
- • Fit and proper: The fit and proper test involves a thorough background check to ensure that investors are of sound moral standing in their countries of origin and is done through checks in Interpol and the International Criminal Court. You are also required to submit a criminal record from the police in your country of origin.
- • Good Health: Applicants of Malta citizenship by investment must show that they are in good health and must also be covered by an international health insurance policy.
- • Biometric date: Upon applying for Malta citizenship by investment it is essential that all investors and their dependents provide biometric data to the Maltese government.
- Purchase a qualifying real estate in Malta and register for residency
- Apply for Malta citizenship, paying due diligence fees, submitting all of the correct forms and supporting paperwork, including criminal background check for main applicant and dependents from their country of origin.
- Upon completion of all the specified requirements the client will receive a naturalization certificate and be given a Maltese passport.
The whole process takes no more than 14 months including the completion of the investments and the assessing of the application as long as the applicant has successfully obtained the residence card.
Please contact us for more information at info@gciecorp.com
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