by Russell Attard Baldacchino
Lawyer – Tax, Citizenship, Residence & International Client Services, Malta
Effortless international mobility has become an invaluable asset among the global elite. The removal of barriers to facilitate one’s needs and interests, as well as those of other family members is most certainly treasured by those already enjoying this reality.
With limited long-term solutions available, the opportunity of acquiring dual or multiple citizenship has become the leading trend. Golden residence or investment visa programmes may offer a partial solution, however, citizenship by investment (CBI) programmes grant a set of rights and privileges that remains unmatched by other options.
Unparalleled freedom of mobility…
The driving force underpinning the rise in demand for such programmes are various. Some may be seeking unparalleled freedom of mobility through visa-free travel, others may be driven by financial interests and taxation, whilst, many are simply in pursuit of an effective Plan B for their families and future generations.
The Malta Individual Investor Programme
Putting things into context, CBI programmes date back to the early 1980’s, however, the prospect of becoming a European Citizen is only a relatively recent phenomenon. Despite a considerable number of European countries offering a form of investment migration, one of the top and most exclusive EU citizenship programmes remains the Malta Individual Investor Programme (IIP). Malta’s programme has only been around for a few years; however, it is already close to achieving the pre-imposed 1,800 application limit.
A world of possibilities…
The acquisition of Maltese citizenship literally opens a world of possibilities that ensures future stability for the whole family. Being centrally located in the middle of the Mediterranean, Malta is a cultural goldmine that many feel a genuine connection to. Whether due to Malta’s rich and diverse history, the islands’ colourful cuisine, the hybridity of the Maltese language or simply the overall multicultural diversity, it is very easy to feel at home.
Becoming Maltese, also means becoming European…
In addition to the promise of long-term security through geopolitical stability, Malta is one of the most resilient and top-ranking EU economies, offering a high standard of education, and state of the art healthcare system. In addition to all of this, the benefits of Maltese citizenship are not limited to its shores. Becoming Maltese, also means becoming European, thus enjoying the full rights of freedom of movement, labour and capital throughout all other European member states. On a global level, Malta’s excellent political international relations results in a passport that ranks 9th globally, offering visa-free access to around 170 countries.
In the light of all this, it becomes evident as to why so many families have already obtained dual or multiple citizenship, or are seriously considering doing so. Should you wish to discuss the options available to you and your family’s future, our experienced team of immigration, legal and taxation experts are here to assist.
For a discussion on what Malta has to offer, please feel free to contact me directly on +356 7928 4155 or [email protected] or through Linkedin.
