7 Reasons to Consider Malta Citizenship

Summary

In this video, Andrew Henderson of Nomad Capitalist discusses the merits of obtaining a second passport through Malta's citizenship by investment program. He outlines seven compelling reasons, including the ability to live and work across the EU, English-speaking convenience, no worldwide tax obligations, and enhanced travel access. Henderson emphasizes the program's potential to disappear or become more stringent, suggesting that investing in Malta's top-tier passport could be a wise choice for those seeking global mobility and financial security.

Takeaways

• 🇲🇹 Consider Malta for a second citizenship due to its EU membership and benefits it offers.
• 💼 Malta's citizenship by investment program requires a donation and establishing residency, taking about 18 months to complete.
• 💵 The cost for Maltese citizenship starts at around a million dollars, including fees for singles, with additional costs for dependents.
• 🏡 As a Maltese citizen, you have the right to live, work, and study in any EU country without the usual requirements for non-EU citizens.
• 🌍 Maltese passport holders have visa-free access to many countries, including the US, Canada, Australia, and New Zealand.
• 🗣️ English is widely spoken in Malta, making it an attractive option for those who do not wish to learn a new language for living in Europe.
• 💼 Maltese citizenship offers tax benefits, as there are no worldwide tax obligations like in the US, providing more financial freedom.
• 🚫 The Maltese program is strict and may reject applicants for various reasons, including previous visa denials to top-tier countries.
• 🏙️ EU citizenship allows for greater ease of investment and property ownership across the EU, enhancing one's profile and opportunities.
• ⏳ The Maltese citizenship program could become more difficult or cease to exist due to pressure from the European Commission, making it valuable to secure while available.

Q & A

What is the main topic of the video script?

The main topic of the video script is the discussion of the benefits of obtaining a second citizenship, specifically in Malta, for individuals seeking a 'Plan B' and the advantages it offers over other options like Caribbean citizenships.

Who is Andrew Henderson and what is his role in the video?

Andrew Henderson is the speaker in the video and the founder of Nomad Capitalist, a platform that helps entrepreneurs and investors legally optimize their tax planning and secure second passports.

What is the approximate cost of obtaining Maltese citizenship through the program mentioned?

The approximate cost of obtaining Maltese citizenship starts at about a million dollars, including all fees, for a single individual, and increases incrementally with additional dependents.

What are some of the benefits of being a Maltese citizen according to the video?

Some benefits of being a Maltese citizen include the right to live, work, and study in any EU country, an English-speaking environment in Europe, no worldwide tax obligations, and a top-tier travel document with access to countries like the US, Canada, Australia, and New Zealand.

Why might someone prefer a Maltese passport over a Caribbean one?

A Maltese passport might be preferred due to its status as an EU passport, offering more options for living and working in Europe, better travel access, and the absence of worldwide tax obligations that may be imposed on citizens of certain English-speaking countries like the US or Canada.

What is the significance of the EU citizenship in terms of living and working in Europe?

EU citizenship, including that of Malta, allows individuals to live, work, and study in any EU country without the same level of requirements and restrictions faced by non-EU citizens, providing more flexibility and opportunities.

What is the potential downside of trying to obtain Maltese citizenship after being rejected for a US visa?

If an individual is rejected for a US visa, they may become ineligible for Maltese citizenship, as Malta is strict and may reject applicants with such issues, including character, criminal, or visa problems.

What is the 'Kuna countries' reference in the video about?

The 'Kuna countries' reference in the video is about the countries that are considered top-tier destinations for travel and immigration, which include Canada, the US, New Zealand, and Australia.

Why might the Maltese citizenship program be at risk of disappearing or becoming more difficult?

The Maltese citizenship program could disappear or become more difficult due to pressure from the European Commission, which disapproves of the program allowing wealthy individuals to obtain EU citizenship through investment.

What is the role of Nomad Capitalist in helping clients with second citizenship?

Nomad Capitalist assists clients in obtaining second citizenship by providing a unique, tried-and-true process based on years of experience, helping them navigate the legal and financial aspects of international tax planning and citizenship.