How to Get Malta's $1,000,000 Citizenship

Summary

The video script discusses the benefits of obtaining Maltese citizenship through investment, highlighting its Tier A passport ranking for travel freedom. It outlines the process, including residency application, eligibility checks, and direct investment requirements, emphasizing the EU's freedom of movement, education, and business opportunities. It also touches on tax benefits, healthcare access, and safety for families, concluding that despite its high cost, the program offers significant advantages.

Takeaways

• 🇲🇹 Malta offers a citizenship by investment program that can be completed in one or three years.
• 📊 The Maltese passport is ranked as a Tier A passport, offering high travel freedom with visa-free access to over 180 countries including the US, Canada, UK, and Australia.
• 🏡 There is no physical presence or language requirement for obtaining Maltese citizenship.
• 📚 The program includes a FastTrack naturalization process, resulting in a certificate of naturalization rather than direct citizenship by investment.
• 👨‍👩‍👧‍👦 EU citizenship allows for living and working anywhere in the EU, as well as access to education and healthcare systems across member countries.
• 💼 The Maltese taxation system is advantageous for those with a Maltese passport, particularly with a territorial tax system for non-residents and a corporate tax structure that offers refunds.
• 🏠 Real estate investment is a key component of the program, requiring either the purchase or rental of property for a minimum of five years.
• 💰 The investment amounts vary between the one-year and three-year paths, with higher initial payments for the faster route.
• 👪 Additional family members can be included in the application, with extra costs for spouses, children, and financially dependent parents or grandparents.
• 🔍 The application process involves rigorous due diligence, including checks for criminal records, health status, and financial stability.
• 🛡️ Malta is known for its safety, ranking as one of the top countries for raising a family and being the second safest country for women.

Q & A

What is the ranking of the Malta passport in terms of freedom of travel?

The Malta passport is ranked as Tier A and is considered one of the best passports for freedom of travel, currently ranked eighth.

How does Malta offer citizenship through investment?

Malta is the only EU country that offers a path to citizenship through investment, which can be achieved in a year or 3 years depending on the chosen route.

What are the benefits of having a Malta passport apart from the freedom of travel?

Benefits of having a Malta passport include no physical presence requirement, no language requirement test, the ability to live and work anywhere in the EU, and access to the healthcare system.

What is the difference between the one-year and three-year routes for obtaining Malta citizenship through investment?

The one-year route requires a direct investment of €700,000, a charity donation of €10,000, and a real estate investment. The three-year route requires the same charity donation and real estate investment but a lower direct investment of €600,000.

What is the FastTrack naturalization process mentioned in the script?

The FastTrack naturalization process is a part of the Malta citizenship by investment program, which allows for accelerated citizenship in a year or three-year period.

How does the Malta passport benefit US citizens who are looking to renounce their US citizenship?

The Malta passport is beneficial for US citizens looking to renounce because it offers visa-free travel to the US, allowing them to visit the country without restrictions.

What are the educational benefits for children with a Malta passport?

With a Malta passport, children have the right to be educated in any EU country, including access to elementary schools, high schools, and universities.

What are the requirements for adding family members to the Malta citizenship application?

To add family members, additional fees are required: €50,000 for a spouse, the same amount for children, and an extra €500,000 for parents or grandparents if they are financially dependent on the main applicant.

What are some of the eligibility criteria for obtaining Malta citizenship?

Eligibility criteria include being at least 18 years old, having a clean criminal record, being in good health with global health coverage, and not being a threat to Malta or having been rejected for a visa to a country with visa-free access to Malta.

How does the taxation system work for Malta residents and citizens?

Malta has a territorial taxation system for non-residents, taxing only income made and remitted to Malta. Citizens living in Malta are subject to worldwide taxation, with income tax rates ranging from 0% to 35%. Corporate tax is 35%, with a refundable 30%, resulting in an effective 5% tax rate.

What is the process for applying for Malta citizenship through investment?

The process involves applying for residency, providing necessary documents, making the required investments, going through an eligibility stage with due diligence, and finally obtaining citizenship and a passport after making the direct investment.