The Maltese Citizenship by Investment Programme boosted the budget surplus
Published at: 30/04/2019 03:07 pm
According to the official statement of the Maltese government, 76% of the budget surplus arrived for the Individual Investor Programme. However, the island nations economy performed so well, that even without the income from the citizenship program the revenues outpaced the expenditures.
The surplus allows Malta to support and develop the quality of life of the citizens and residents. In 2019, there will be no new or increased taxes, duties and governmental fees in Malta. Regarding the economy, the VAT on ebooks and musical instruments to decrease to five per cent. The government launches the "TechMT", which is a new entity to market the EU Member State as a digital technology hub and the accessible blockchain regulations to attract even more businesses. Non-governmental organisations with revenue below ten thousand euros will be exempt from all taxes. The seniors will enjoy increased pensions, several tax exemptions. Also, the people who take care of an older adult over 85 years, will qualify for the carer's allowance. The right to free travel on public transport extended to all full-time students aged twenty and over.
It is not a coincidence that HNWI (Hign Net Worth Individuals) decide to invest in Malta in exchange for EU citizenship. The Mediterranean paradise nation's economy develops fast, and the previously laidback islands with the beautiful beaches became an attractive location to live and enrol children in the excellent (and English speaking) schools.
Discus Holdings' headquarters located in Valletta, the capital of Malta and our local experts provide legal immigration and investment services since the introduction of the Maltese Individual Investor Programme and the several attractive residency by investment programmes.
Investors and their family can obtain the citizenship of Malta after becoming residents of the EU Member State. Allegedly, the Individual Investor Programme is the world's safest and most respected citizenship by investment programme.
Discus Holdings Ltd is an official agent of the Maltese citizenship by investment program, click here for all the detailed information!