Real Estate Investor Magazine South Africa March 2016 | Page 56

MALTA An eye on the future Citizenship-by-investment opportunities in Malta BY SANDRA WOEST A t a glance, the Mediterranean archipelago of Malta is the ideal luxury holiday destination with its warm climate and welcoming population, but for high net worth South Africans looking for overseas investment opportunities, the island nation holds even greater promise. Securing citizenship in a foreign country, alongside a property investment, is a solid asset with far-reaching benefits for you, your business and your family. This allows for visa-free travel (an invaluable tool for regular business travellers), tax incentives (an alternative residence allows greater flexibility in international tax planning and more privacy in investment and banking), and access to world-class education for your children. Detailed legal and financial information about 18 offshore locations is available to private bankers, tax consultants, lawyers and those offering fiduciary services in the 5th edition of the International Real Estate Handbook, which we recently published. It is a valuable resource for individuals considering the purchase of property outside South Africa. 54 MARCH 2016 SA Real Estate Investor www.reimag.co.za