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Being a small country in size or shape does not mean being small in spirit, heart or ambition. There is a saying which says that “everything good comes in a small package” and Malta is the living proof of it.
Malta – A leading economy in the EU
Investing in the Hidden Gem of the Mediterranean.
A member of the European Union since 2004, Malta may be the smallest economy in the euro-zone but has the heart of a giant. Having weathered the euro-zone crisis thanks to a low debt-to-GDP ratio and a tax and business-friendly approach, it has done much better than most heavyweight European titans.
Malta is at the vanguard of the Financial Services industry in what regards to licensing of Financial Institutions, Electronic Money Institutions (EMI) and Payment Service Providers (PSP).
Also, and as a result of the thriving economy, the Real Estate market is also experiencing high and steady growth. With double-digit growth in 2018 and reputed as the world fastest-growing housing market this albeit small country with the heart of a giant can satisfy any investment appetite – including more traditional ones.
And if that wasn’t enough, Malta achieved a GDP growth of a staggering 6.4% in 2017 and 6.2% in 2018. The International Monetary Fund has placed Malta as the second among all the countries in the world regarding the largest economic growth forecast for 2019. Moreover, and according to the 2019 EU Commission Winter Forecast, this will be the fastest-growing economy in Europe in 2019 and 2020 with a growth rate expected to be 3 times as much as the rest of the EU.
As said before – a small country with the heart of a giant. A big giant.
Malta Individual Investor Programme – an investment with invaluable returns
Having said that, Malta’s value proposition is more than history, tradition, opportunity and growth. Glueing all the above together – and more – Malta has state-of-the-art Investment Immigration schemes which can either grant residence or citizenship by investment after passing the most stringent and a high standard 4-tier due diligence process.
The Malta Citizenship by Investment Program, technically known as the Malta Individual Investor Program (MIIP), aims to attract to its shore applicants from all over the world which are of the highest standard, not only willing to become citizens by investing in a country but people that appreciate and understand what the Maltese flag and the Maltese Cross represents.
The Malta Individual Investor Program (MIIP) is regulated by the Maltese Citizenship Act and the Individual Investor Program of the Republic of Malta Regulations, 2014. Applications are submitted to the Maltese Individual Investor Program Agency (MIIPA), and all successful applicants are granted with a Certificate of Naturalization in return for their contribution to the economic development of Malta, as provided in such regulations.
A sound and smart investment – what does this involve?
All of the above intangible and invaluable benefits can be accessible by making a sound and smart investment in a booming EU economy.
Applicants can call themselves proud Maltese Citizens and have the right to apply for a passport, once the Application submitted by the Approved Agent, which undergoes a stringent due diligence process, has been approved by the relevant Maltese authorities and the applicant has made all the relevant qualifying investment in the island.
The 3 layered investment in the Malta Investor Immigration Programme can be summarised as follows:
- Property Investment: Either to invest in a property in Malta with a minimum value of €350,000 or lease a property in Malta for a minimum annual rent of €16,000;
- Government Bonds: Invest a minimum of €150,000, which must be placed with investment vehicles designated by the Government of Malta; and
- Government Contribution: With an amount that depends on the application structure, being a minimum of €650,000 for the Main Applicant and additional contribution for dependants.
Delving deeper into the qualifying investment, one of them is to invest in the Maltese Real Estate Market. Purchase of minimum EUR350,000 or a lease of minimum EUR16,000 per year needs to be made and proof must be submitted to the Malta Individual Investor Program Agency (MIIPA) to be granted with Citizenship and Malta Passport.
Also, the qualifying investment – both the property and government bonds- must be held during 5 years and the property either rented or bought cannot be sublet, as needs to be the main residence of the applicants in Malta.
The Consultants from Malta Sotheby’s International Realty, a brand that fells under the CSB Group umbrella, will be guiding you through the Malta Real Estate market to find the best and most suitable property for your family requirements and investment needs.
To get Malta Citizenship through the Individual Investor Programme (MIIP) different requirements are set, and a strict eligibility criterion is followed. Applicants interested in acquiring a Maltese Passport need to be law-abiding citizens and, therefore, a very important requirement is the absence of criminal records.
A fully comprehensive application needs to be submitted with proof of the source of funds and wealth of the main applicant, as well as supporting documentation like passport copies, birth certificates and other which must be legalized and counterlegalized to be accepted by the Malta Individual Investor Program Agency and avoid any delays in the processing of the application.
Tax System in Malta
Aside from the fact that the Malta Citizenship by Investment Program leads to direct citizenship in the Republic of Malta and is not a tax residence programme, tax considerations are always important to take into consideration.
In principle, the sole fact of being a national of a country does not necessarily mean that you will become a tax resident in it or you would be subject to their taxes, and Malta does not apply Citizenship based taxation
Malta is very well known for its favourable tax system with a vast array of tax treaties to avoid double taxation and a favourable tax system for corporations, business structuring and tax planning.
If you are interested in knowing how acquiring Malta Citizenship can impact your tax situation, or how to better structure your wealth and estate, please contact us.
How can we help you to apply for the Malta Individual Investor Programme (MIIP)?
Our team of experts will assist you and your family on the path to getting Maltese Passport and Citizenship through the Investment Immigration Program (IIP), guiding you in every necessary step to be granted with a Certificate of Naturalization and, consequently, a Maltese passport for every applicant.
However, regardless of the amount of wealth that an individual may have, this is not enough to be granted with Maltese citizenship through the Individual Investor Programme. Satisfying a 4-Tier Due Diligence process and creating effective links with the island is also a must.
With more than 30 years in the Financial Services industry and being one of the first Approved Agents on the island, CSB Group and its team of Advisors is your companion in the path to European Citizenship through a Sound and a Smart Investment.
Citizenship & Residence Planning Services
We offer the following related services.
CSB Group have been loyal partners to our development-stage medical technology company. CSB provides local oversight to our Malta subsidiary that is thorough and compliant. As a result, we have the confidence that a successful development project should yield maximum value for our shareholders.
"CSB provides us with a wide range of professional services and we are equally happy with any of them. We’d recommend CSB to any company looking for a solid partner to support its Malta-based business."
In our dealings with CSB Group for over 10 years, we have found every member of the staff and leadership team to be wholly and completely knowledgeable and professional when doing business in, and from Malta.
Liberation Group Holdings
We have been working with CSB Group for over seven years now. We were referred to CSB by a Dutch colleague a few years earlier and visited Malta to meet them. Here we grew the base of a long lasting relationship that went beyond ‘just’ a business relationship. The personal touch is highly appreciated and is seen as a bonus on top of the excellent performance of the company.
Wygron Beheer BV
"I have been working with CSB for over 12 years and the words that come to my mind are trust and responsibility. CSB is an integrated part of my companies – it’s simple and safe and lets me focus on the bigger picture."
Andreas L. Borgmann
Reddo Holding Ltd
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