Migratas Holdings Ltd.
Many international business executives, investors, public figures, VIPs, and affluent citizens of other countries consider an alternative residency or citizenship and passport a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable.
Applicants realize that the Maltese residency/citizenship provides several benefits, including:
As a EU citizen you are allowed to live, work, study in any of the 26 European Union countries. EU citizenship also grants you access to all investment opportunities in Malta and throughout the EU member nations, as well as visa-free travel to more than 180 countries in the world, including the USA, Canada, the Middle East, Africa, Asia, and most countries in North, Central and South America.
There are three main types of expenses: government-mandated investments, government application fees, and service provider legal fees.
Main applicant: EUR 600,000 (36 months residency option) or EUR 750,000 (12 months residency option)
Each dependent (if any): EUR 50,000
Main applicant only: EUR 10,000
Main applicant only: Property purchase at EUR 700,000 or property rental at EUR 16,000 per year
Residence permit fee, main applicant: EUR 5,000
Residence permit fee, per dependent (if any): EUR 1,000
Citizenship eligibility due diligence fee, main applicant: EUR
15,000
Citizenship eligibility due diligence fee, per dependent over
the age of 12 (if any): EUR 10,000
Citizenship eligibility administrative fee, each applicant:
EUR 1,000
Citizenship administrative fee, main applicant: EUR 5,000
Citizenship administrative fee, per dependent (if any): EUR
1,000
Depending on the number of family members to be included.
Malta taxation is only based on domicile (your permanent home), and not on residency or citizenship status.
Under Maltese Law, at birth you automatically acquire your domicile status (Domicile of Origin) from your father. If your father later changes his domicile to a new location (Domicile of Choice), yours automatically changes to this new location as well. On attaining the age of 18, you are allowed to acquire a new domicile of choice, but there is no such requirement.
This means if you don’t make Malta your domicile, then only income and capital gains generated from activities inside Malta are fully taxable. Income arising outside of Malta and not sent to Malta is not taxable. In addition, capital gains arising outside of Malta even if brought into Malta are not taxable for non-domiciled residents.
In other words, tax is due only on (a) income generated inside of Malta, (b) capital gains arising inside of Malta, and (c) income generated outside of Malta and remitted to Malta.
Other Tax Considerations:
Yes. The main applicant for Maltese citizenship may include a spouse or long-term partner (any gender), children under 18 years of age, financially dependent adult children under the age of 29, and parents and grandparents over the age of 55.
No. When you acquire Malta citizenship you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.
Applicants do not need to move to Malta or live in the country for a full year to satisfy the one year (or three year) residency requirement. Instead, an applicant can meet the requirement by proving a genuine link with Malta as evidenced by, for example, several visits per year, showing water and electricity bills, having a club membership, conducting business in Malta, philanthropic engagement, and similar. Our attorneys will assist you to be in full compliance with Maltese regulations.
The Malta citizenship application process is performed in two stages: the first stage is Malta residency, the second stage is Malta citizenship. The residency stage takes approximately 15 working days to process, after which residency status is conferred upon the applicant. The main applicant and any dependents are provided with an E-Residence document which is equivalent to a Schengen Visa, grating borderless travel to all Schengen countries.
After you receive residency status your assigned attorney will work with you on preparing your citizenship eligibility and actual citizenship applications. The eligibiliy application can be filed immediately after you receive residency status, and the actual citizenship application can be filed after you have been in residency status for 12 months (or 36 months, depending on your choice of investment option).
Previous citizenship application processing times have ranged from 3 to 6 months on average.
Yes. We are associated with licensed real estate agencies and developers in Malta and can help you find a property that fulfills all requirements.
Our professional relationships in Malta guarantee to our clients a smooth, comprehensive service that includes identifying suitable properties, providing transport for property viewings, drafting/reviewing legal contracts, and/or liaising with local notaries and architects as needed.
When you decide on a property for purchase we can arrange for a Power of Attorney to appear on your behalf without the need for you to come again to Malta for the signature of any necessary contracts.
The property needs to be held for five years. After this period, property in Malta can be sold completely exempt from tax if it has been held for three years as the resident’s sole and ordinary residence. If the property is sold before having been used as the resident’s sole residence for three years, a final property tax of 12% is chargeable on the selling price.
Yes. Because Malta is a member of the European Union its citizens are automatically European citizens, which means you are allowed to live, work or study anywhere in Europe.
Migratas Holdings Ltd. (“Migratas,” “we” or “us”) is committed to protecting your privacy. This Privacy Policy explains how information about you or associated with you is collected, used and shared by Migratas. This Privacy Policy applies to our websites and other services and applications we may provide (collectively, our “Service”). By accessing or using our Service, you signify that you have read, understood and agree to our collection, storage, use and disclosure of your personal information as described in this Privacy Policy. If you do not agree with this policy, do not access or use our Service or interact with any other aspect of our business.
We collect information about you when you provide it to us, when
you use our Service, and when other sources provide it to us, as
described below.
● Information you provide
○ We may collect information you enter in our Service or provide
to us in some other manner, including your name, email address,
and phone number.
○ We may collect any communications between
you and us, as well as any additional information you provide.
● Information we collect automatically when you use our
Service
○ Cookies and Other Tracking Technologies. We
automatically collect certain types of usage information when you
visit our website or use our Service. When you visit our website,
we may send one or more cookies - a small text file containing a
string of alphanumeric characters - to your computer that uniquely
identifies your browser.
● A cookie may convey information to
us about how you use our Service (for example, the pages you view,
the links you click, how frequently you access our Service, and
other actions you take on our Service), and allow us to track your
usage of our Service over time.
○ We may employ clear gifs (also
known as web beacons) which are used to anonymously track the online
usage patterns of our users. In addition, we may also use clear
gifs in HTML-based emails sent to our users to track which emails
are opened and which links are clicked by recipients. The information
allows for more accurate reporting and improvement of our Service.
○ Device and Connection Information. We may collect log file information
from your browser or mobile device each time you access our Service.
Log file information may include Internet Protocol (“IP”) address,
browser type, information about your mobile device, referring /
exit pages and URLs, number of clicks and how you interact with
links on our Service, domain names, landing pages, pages viewed.
When you access our Service by or through a mobile device, we may
collect and store unique identification numbers associated with
your device or our mobile application, mobile carrier, device type,
model and manufacturer, mobile device operating system brand and
model, and phone number.
● Information collected through
the use of our Service
○ Information you provide through
the use of our Service such as self-reported information.
● Information we receive from third parties
○ We may receive information about you and your activities on and
off our Service from public sources and third-party partners, such
as advertising and market research partners who provide us with
information about your interest in, and engagement with, our Service
and online advertisements.
HOW WE USE INFORMATION WE
COLLECT
● To provide our Service
○ We use information about you to provide our Service to you, including
to provide customer support, and to monitor, operate and maintain
our Service.
● To communicate with you
○
We may send you Service-related emails or messages that may contain
personal information.
○ Please be aware that communications via
email over the internet are not encrypted. Although unlikely, there
is a possibility that information in an email can be intercepted
and read by other parties besides the person to whom it is addressed.
If you have concerns about the use of email, you may contact us
as provided in the Contacting Us section to request assistance.
● To market, promote, and drive engagement with our Service
○ We may use your information to help us measure traffic and usage
trends for our Service, to understand more about the demographics
of our users, and to provide custom, personalized content and information,
including targeted content and advertising for other Migratas products.
HOW WE SHARE INFORMATION WE COLLECT
We share
information about you with third parties that help us operate, provide,
improve, integrate, customize, support, and market our Service.
● Service providers
○ We may work with third
party businesses, consultants and other providers that perform services
on our behalf or with which we partner to offer you those services.
● Compliance with enforcement requests and applicable laws;
Enforcement of our rights
○ We may share information
as required to satisfy any applicable law, regulation, court order,
legal process or other government request, to enforce our Terms
of Service (including the investigation of potential violations
thereof), or to investigate and defend ourselves against any third
party claims or allegations.
● Links to third party websites
○ Our Service may contain links to and from third party websites.
If you follow a link to any of these websites, please note that
these websites have their own privacy policies and that we do not
accept any responsibility or liability for their policies. Please
check the individual policies before you submit any information
to those websites.
● Aggregated data
○ We
may share information in an aggregated and anonymous form that does
not identify you directly as an individual.
STORAGE AND
SECURITY OF INFORMATION
● Storage and international
transfers of your information
○ Your information collected
through the Service may be stored and processed in Cyprus or another
country in which Migratas, our affiliates or service providers maintain
facilities.
○ We may transfer information to a country and jurisdiction
that does not have the same data protection laws as your jurisdiction,
and you consent to the transfer of your information to Cyprus or
any other country in which Migratas, our affiliates, or service
providers maintain facilities and the use of your information as
described in this Privacy Policy.
● Security of your
information
○ We take reasonable physical, administrative,
and technological safeguards to preserve the integrity and security
of your information. However, no security system is impenetrable
and we cannot guarantee that your information is completely safe
from intrusion.
○ In the event that any information under our
control is compromised as a result of a breach of security, we will
take reasonable steps to investigate the situation and where appropriate,
notify those individuals whose information may have been compromised
and take other steps in accordance with any applicable laws and
regulations.
● How long we keep your information
○ We will retain your information for as long as your account is
active or as needed to provide you our Service. We also retain some
of your information as necessary to comply with our legal obligations,
to resolve disputes, to enforce our agreements, to support business
operations and to continue to develop and improve our Service.
○ Where we retain information for improvement and development of
our Service, we take steps to eliminate information that directly
identifies you as an individual.
○ We retain information about
your marketing preferences unless you specifically ask us to delete
such information. We retain information derived from cookies and
other tracking technologies for a reasonable period of time from
the date such information was created.
● Persons under
the age of 13
○ Our Service and its content are not
directed at children under the age of 13. In the event that we learn
that we have collected information from a child under age 13 without
parental consent, we will take steps to delete such information.
○ If you believe that we might have any information collected from
a child under 13, please contact us as provided in the Contacting
Us section.
YOUR CHOICES REGARDING YOUR INFORMATION
You have certain choices available to you when it comes to your
information, as stated below. You may contact us as provided in
the Contacting Us section to request assistance.
● Access
and update your information
○ You may access and update
your information by contacting us as provided in the Contacting
Us section. For example, you can update your email address by contacting
us.
● Delete your information
○ You may request
that we delete or anonymize certain information about you. Please
note, however, that we may need to retain certain information for
record keeping purposes, to complete transactions or to comply with
our legal obligations.
● Request that we stop using your
information
○ You may ask us to stop accessing, storing,
using and otherwise processing your information where you believe
we don't have the appropriate rights to do so. For example, if you
believe a Services account was created for you without your permission
or you are no longer an active user, you can request that we delete
your account as provided in this policy.
○ Where you gave us
consent to use your information for a limited purpose, you may withdraw
that consent, but this will not affect any processing that has already
taken place at the time. You can also opt-out of our use of your
information for marketing purposes.
● Opt out of communications
○ You may opt out of receiving promotional communications from us
and to have your contact information removed from our promotional
email list or database.
● "Do Not Track" Signals
○ Some browsers have "Do Not Track" (DNT) features that can send
a signal to the websites you visit indicating you do not wish to
be tracked. Because there is not yet a common understanding of how
to interpret the DNT signal, our Service do not currently respond
to browser DNT signals.
● Copy of your information
○ Upon your request, we will provide you or a third party that you
designate with an file of your basic account information in a structured,
electronic format.
Your request and choices may be limited in
certain cases: for example, if fulfilling your request would reveal
information about another person, or if you ask to delete information
which we are permitted by law or have compelling legitimate interests
to keep.
Where you have asked us to share data with third parties,
for example, you will need to contact those third-party service
providers directly to have your information deleted or otherwise
restricted.
If you have unresolved concerns, you may have the
right to complain to a data protection authority in the country
where you live, where you work or where you feel your rights were
infringed.
UPDATES TO OUR PRIVACY POLICY
We may modify this Privacy Policy from time to time. If we make
any changes to this Policy, we will change the "Last Revision" date
below and will post the updated Privacy Policy on this page.
Last revised: May 01, 2021