Although being the smallest of the European Union’s member states, Malta is emerging as one of the fastest growing financial services centers. English, a joint official language with Maltese, is universally spoken and written and is the language of education and business.
The tax system in Malta is favourable to say the least. There is no tax on donation, no wealth tax, inheritance tax or estate and gift tax.
Citizens of all EU member states do not require any permit to buy their primary residence in Malta. However they do require a permit if they wish to buy immovable property in Malta as a secondary residence, unless they have not resided in Malta for at least five years before the date of purchase.
People are rethinking their city life and choosing more valuable destinations to live in and this trend gets intensified by the increase of remote work caused by the pandemic.
Many more countries are designing and setting up residence- and citizenship-by-investment programs to attract affluent investors and talent, thereby enriching nations with a significant and sustainable source of revenue without increasing debt to the detriment of future generations. Investment migration also provides individuals with security and stability, the ability to overcome the constraints of being limited to a single jurisdiction, and access to opportunities to expand their wealth portfolios. It is a sensible, sustainable approach that creates optionality — and certainly a win–win for states and investors alike.
The Malta Retirement Programme confers a special tax status to EU/EEA/Swiss nationals in receipt of a pension, provided that the pension constitutes at least 75% of their chargeable income…