including South Africa. For ta x purposes, an
individual is normally regarded as being resident in
Malta for a particular year if, in that year, his/her
stay in Malta exceeds 183 days.
There is no general inheritance tax system in
Malta. However, upon the transfer or transmission
(upon death) of real estate or shares in a company
owning mainly real estate, a duty of 5% is payable
and on marketable securities (mainly shares in
Maltese companies), a duty of 2% is payable.
Malta just launched its Individual Investor
Programme citizenship programme, at a first-ofits-kind-for-Malta forum organised by Henley
& Partners, who have also been selected by the
Maltese government as Concessionaire of the
Malta citizenship programme.
Second passport
Citizenship-by-investment programmes such
as these come with the added benefit of a second
passport, which opens up a two-way path for one’s
income and, in addition, give you the ability to travel
to a large number of other countries visa-free. Other
benefits include the option to invest in real estate