The wind of the Golden Visa coup has gradually "spread" to many European countries, including many identity programs favored by Chinese applicants.
As a dark horse in the immigration industry, Malta is favored by the majority of Chinese and American applicants! Especially in the case of this year's European immigration policy change and coup shutdown, the heat has risen again, more and more applicants began to "target" Malta, the so-called tree big move, with the "Malta immigration" hot discussion, many rumors and misunderstandings have gradually emerged, today Xiaomei will take you to distinguish these misunderstandings.
1. Do you have to pay thousands of euros in tax a year?
After getting a Malta green card, even if you don't come to live in Malta, you have to pay thousands of euros in taxes a year, is this true?
This statement is incorrect.
Malta taxation is territoriality and you can only become a tax resident if you have lived for more than 183 days a year. If you are not a tax resident, the problem of paying taxes certainly does not exist. When you reside in Malta for more than 183 days, you become a tax resident of Malta, and theoretically your income in Malta needs to be reported and taxed; If you want to send income from outside Malta to Malta, you will also need to declare it to Malta.
Malta is a world-renowned financial centre, a natural harbor, and a major transportation route in the Mediterranean, so Malta has stable and healthy economic fundamentals. Malta has a high population density and a highly developed financial services industry. Economically active Malta maintains low tax rates, and Malta, like many countries, including China, has an agreement to avoid double taxation whereby the same income is not taxed in both countries. Individual tax is only for local income and remittance of local foreign income, the effective tax rate of the company is as low as 0~5%, the standard VAT rate is 18%, some such as printed materials, sweets and electrical supplies are taxed at 5%, and the resort hotel is subject to 7% VAT. Unemployment among the population is also low.
2. Poor educational resources? Public School Tuition?
Malta is so small and has poor educational resources, right? Do public schools have a lot of tuition? Are private schools expensive?
In fact, Malta's educational resources are very balanced. Don't look at Malta is only the size of 17 Hong Kong, there are more than 300 schools in Malta, with an average of less than 1 square kilometre. There are 47 public libraries, with an average of 1 library every 6 square kilometres, and the information is very comprehensive.
English is commonly spoken in Malta, there is no language barrier in integrating into society, you can work, you can do business. The education system follows the British level, the level of education is very high, and children are guaranteed to study. 95% of public schools are taught in English, with no tuition fees, and private schools are taught entirely in English, and the tuition fee is one-third of that in the country.
3. Are there restrictions on accompanying children and the elderly?
Many countries' immigration policies stipulate that the age of the children accompanying the main applicant is generally required to be 18 years old or under 21 years old, is this also the case in Malta?
There are almost no age requirements for children in Malta. If your child is an adult but can prove that he is unmarried and financially dependent on his parents, he or she can apply for immigration with his parents.
At the same time, Malta does not have an age requirement for parents and grandparents to apply, but the same requires that the parents or grandparents are financially dependent or financially dependent on their children. It should be noted that it does not matter if the retired elderly take the pension, but the retired elderly cannot own the equity of the company, nor can they have the dividend income of shareholders.
Malta is a program where one person applies for a family and four generations at the same time obtains status. The main applicant, spouse, both parents, grandparents, unmarried children who are not financially independent, can obtain permanent residence status, and obtain permanent residence in one step, and there is no pre-visa to apply. Malta's permanent residence card is valid for 5 years and can be renewed every 5 years, and the procedure is simple.
4. Malta is small and not well known?
Malta is a small country, is it not well known?
Generally speaking, countries or regions with a small land area have developed economies, such as Hong Kong and Singapore, Malta is very similar to Hong Kong and Singapore, and is also a financial center and shipping center, with a developed economy.
Malta is currently the only quadruple country in the world, combining the identity of the Commonwealth, Schengen, the European Union and the Eurozone. This means that as a permanent resident or citizen of Malta, you can enjoy more resources in the livelihood and economic fields, within the Schengen country, you can travel freely to Schengen countries outside Malta for three months every six months, and there is no time limit to obtain an EU passport after naturalization.
European aristocrats like to go to Malta for holidays, Europeans also like to come to Malta to learn English, and the symbol of Malta "Malta Cross" is a symbol of nobility and luxury in Europe.
5. Can Malta be approved in 2 months?
I heard that Malta's approval time is very short, and it can be approved in 2 months at the earliest?
Everyone should understand a concept, the so-called "approval time" of some intermediaries corresponds only to the official review time, excluding the production cycle of materials, payment, login fingerprint and other time.
If you take all these processes into account, the overall cycle is about 12-15 months. Malta immigration has a small capital occupation and costs less compared to Ireland, which is also an English-speaking country. The approval speed is fast, and the whole family can obtain permanent immigration status in Europe in about a year. There is no immigration supervisor in Malta, and immigration applications can be submitted by mail throughout the process, and the identity paper can be returned to China by mail, and only need to be renewed once every 5 years.
6. Elderly people don't want to immigrate to Malta?
Do most of today's elderly people still don't like to immigrate with their children?
In the past, old people may not like immigration and have an obsession with their hometown, but in the new era, there are many elderly people who are more avant-garde, and they are very happy to immigrate abroad with their children. Families who migrate to Malta with the elderly account for about 20%-30% of all households, and most of the elderly are over 60 years old.
These elderly people are quite recognizable about the living environment and medical standards in Malta (the Maltese medical system ranks fifth in the world), and they believe that they can enjoy a higher quality of life there.
Secondly, at this age, they also have more time to travel on their own, and Maltese status allows them to travel through 27 Schengen countries.
At the same time, Malta, known as the "back garden of Europe", is also ranked as the world's 1st largest retirement mecca, and if you are planning to immigrate with the elderly, Malta is well worth getting to know.