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How much does it cost to buy Malta citizenship?
Malta, which has been offering citizenship to foreign nationals in return for investment since 2014, includes among its requirements an investment of $720,000 and a three-year residence period, or $900,000 and a 12-month residence period under exceptional circumstances.
Can you buy Maltese citizenship?
The Maltese government continues to sell citizenship to multimillionaires who have minimal genuine links to the country, a Guardian undercover investigation has revealed.
Can you buy a passport in Malta?
If you bring €900,000, you can buy a Maltese passport and then you become an EU citizen.” The selling of citizenship has become a big global market for wealthy individuals looking for low taxes, elite education or for political reasons.
What are the benefits of Maltese citizenship?
Benefits of Maltese citizenship
- Visa-free or visa-on-arrival travel to 185 destinations.
- Access to a transparent and reputable financial centre and a prime jurisdiction for international business.
- World’s strictest due diligence standards and vetting of applicants, thus ensuring only highly respectable applicants.
What is the easiest country in the EU to get citizenship?
Portugal
Become an EU Citizen in Portugal One of the easiest countries in the European Union to get citizenship by investment is Portugal. The country’s residency program allows citizenship after five years. The benefit of the program is that you don’t need to move to Portugal.
Does Malta allow dual citizenship?
Since Malta is a part of the European Union, a Maltese citizen can travel and reside freely in any of the member states that are a part of the EU. Malta has permitted dual citizenship without restriction since 2000. If you would like more information about Maltese citizenship, please contact us.
Are Maltese British citizens?
As a Commonwealth member, citizens of Malta are Commonwealth citizens and hence have certain rights in the United Kingdom: access to the UK Ancestry Entry Clearance. access to the UK Working Holiday Visa scheme. entitlement to UK Right of abode for Maltese citizens born before 1983 with British born mothers.
How to apply for citizenship by investment in Malta?
Eligibility for Malta citizenship by investment 1 Be over the age of 18 2 Have a clean criminal record and pass a stringent due diligence process 3 Not be from one of the ‘banned’ countries list 4 Fulfill all the necessary investment requirements.
What are the benefits of Maltese citizenship by investment?
Benefits of Maltese citizenship by investment. 1 1 – Freedom of movement within the EU. Malta is a full member of the EU, which means investors who acquire Maltese citizenship are entitled to live 2 2 – Visa-free travel. 3 3 – Obtain Malta citizenship. 4 4 – Passports for your whole family. 5 5 – Tax efficiency.
Do I have to pay tax in Malta if I’m a citizen?
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.
How much does it cost to become a Maltese citizen?
If you’re eligible, you’ll then kick off the Maltese citizenship process. You’ll receive a Letter of Approval in Principle, upon which you need to pay the extra fees. (a) Due diligence fees – €5,000 for the main applicant, €15,000 for the benefactor (if applicable) and €10,000 per dependant aged 13 years old and above (paid directly to the Agency)