From our experience advising applicants to the Individual Investor Program, we find that there are many questions that investors have. Find below the most commonly asked questions regarding Malta Citizenship and the Malta tax implications. If you have any questions that arn’t mentioned, please don’t hesitate to contact us.
How Long Does the Process Take?
The whole process from Residence Application to the Naturalisation and receiving of Malta passports, should be completed within two years.
Who Can Process My Application for Malta Citizenship?
The Malta Individual Investor Programme applications can only be submitted to Identity Malta through the services of an accredited person. As an approved agent in Malta, Thomas Jacobsen (Managing Director of Papilio Services) can assist you and your family with any residency matters.
Could I Get Denied/ Rejected for Malta Citizenship?
In simple terms, yes. Malta Citizenship by Investment is a very exclusive programme designed to only accept the best individuals into Malta. However, this typically only occurs if the applicant:
- Has a criminal record
- Is a threat to national security
- Submits a false application
- Uncertain or illegitimate source of wealth
- Has be rejected or denied a visa by a country with ties to Malta.
This is why we suggest choosing an Approved Agent who does clear and ethical due-dillegence on their client before the application takes place.
Does Malta Grant Duel Nationality?
Yes. Part IV, Article 7 of the Maltese Citizenship Act states “It shall be lawful for any person to be a citizen of Malta, and at the same time a citizen of another country”.
What are the Malta Income Tax Rates?
Standard progressive income tax rates apply in Malta. The current maximum tax rate is set at 35% on income €60,000 and above. See a full breakdown here.
What are the Malta Double Tax Treaties?
Malta has established over 70 double tax treaties with countries around the world. Several other agreements have been signed but are not yet enforced.
What is the Tax on Remitted Income?
If you’re a resident, but not domiciled in Malta, you’re taxed on (a) any income and capital gains arising in Malta and (b) any income (excluding capital gains) remitted to Malta.
Once you become a Malta citizen and are domiciled in Malta, you’re taxed on any income and capital gains received in Malta. The income tax rates are on a progressive tax structure.
Other Beneficial Taxes
- No wealth tax in Malta
- No inheritance tax in Malta
- 5% stamp duty on acquiring a property
- No withholding tax
For more detailed information about Malta’s individual and business tax rates, as well as the tax benefits in Malta, check out Malta’s Tax System