Go Back   English Forum Switzerland > Help & tips > Permits/visas/government
Reply
 
Thread Tools Display Modes
  #1  
Old 01.05.2015, 20:53
Member
 
Join Date: Apr 2015
Location: San Francisco
Posts: 198
Groaned at 4 Times in 2 Posts
Thanked 114 Times in 70 Posts
Caryl has earned the respect of manyCaryl has earned the respect of manyCaryl has earned the respect of many
Maltese economic citizenship as a proxy for Swiss naturalisation

The New York Times today writes on Maltese economic citizenship (something widely publicised elsewhere, not least by Henley & Partners, who handle (and charge for) applications. http://www.nytimes.com/2015/05/01/bu...r-a-price.html

Here's something interesting, excerpted from the article:

One American finance professional, who spoke on the condition of anonymity, said he moved to St. Kitts and Nevis seven years ago for tax purposes, eventually deciding to give up his United States passport. He then moved his family to Switzerland for the schools, European culture and competitive tax benefits.

His family is now applying for Maltese passports, attracted by the speed of the program. He would have had to wait 12 years in Switzerland to gain citizenship.
Reply With Quote
The following 2 users would like to thank Caryl for this useful post:
  #2  
Old 01.05.2015, 21:31
Medea Fleecestealer's Avatar
Forum Legend
 
Join Date: Jul 2011
Location: Misery-Courtion
Posts: 13,509
Groaned at 169 Times in 134 Posts
Thanked 9,641 Times in 5,507 Posts
Medea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond repute
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

So? It's his decision and frankly I have to ask why he's bothering. He must have had another citizenship besides the American one anyway if he's already given it up. Indeed St. Kitts and Nevis is probably what he got as it's much cheaper than the Malta one. Also offered by Henley & Partners btw.

https://www.henleyglobal.com/citizen...s-citizenship/

And you don't even have to go to St Kitts & Nevis to get it.

http://www.stkitts-citizenship.com/
Reply With Quote
The following 3 users would like to thank Medea Fleecestealer for this useful post:
  #3  
Old 02.05.2015, 00:48
sva's Avatar
sva sva is offline
Forum Veteran
 
Join Date: Mar 2010
Location: Villars sur Glâne
Posts: 560
Groaned at 19 Times in 12 Posts
Thanked 385 Times in 193 Posts
sva has a reputation beyond reputesva has a reputation beyond reputesva has a reputation beyond reputesva has a reputation beyond repute
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

1.6 million Euros ??
Reply With Quote
  #4  
Old 02.05.2015, 09:55
Medea Fleecestealer's Avatar
Forum Legend
 
Join Date: Jul 2011
Location: Misery-Courtion
Posts: 13,509
Groaned at 169 Times in 134 Posts
Thanked 9,641 Times in 5,507 Posts
Medea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond repute
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

Applications are pouring in, and the program aims to raise €2 billion, more than a quarter of Malta’s gross domestic product.
“We want to attract individuals who can add value to our country because of their ideas, and their networks and their businesses and their talent,” said Jonathan Cardona, chief executive of Identity Malta, which administers the Individual Investor Program.

Unfortunately, that isn't what's happening. People rent out a place to get the citizenship and apart from the initial payment add nothing to Malta's economy.

Sooner or later the applications will dry up and then what will happen?
Reply With Quote
  #5  
Old 02.05.2015, 10:07
Fish Paste's Avatar
Senior Member
 
Join Date: Jun 2013
Location: North
Posts: 362
Groaned at 7 Times in 4 Posts
Thanked 422 Times in 201 Posts
Fish Paste has earned the respect of manyFish Paste has earned the respect of manyFish Paste has earned the respect of many
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

Malta is a sh1tehole, I wouldn't live there either.
Reply With Quote
  #6  
Old 02.05.2015, 10:13
Forum Legend
 
Join Date: Dec 2010
Location: ZH
Posts: 4,438
Groaned at 55 Times in 45 Posts
Thanked 2,163 Times in 1,310 Posts
SOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond repute
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

Quote:
View Post
Malta is a sh1tehole, I wouldn't live there either.
Not that bad and Gozo is beautiful.
Reply With Quote
This user would like to thank SOBEIT for this useful post:
  #7  
Old 02.05.2015, 10:38
MennoFloyd's Avatar
Senior Member
 
Join Date: Aug 2013
Location: Deutschschweiz
Posts: 292
Groaned at 2 Times in 2 Posts
Thanked 420 Times in 193 Posts
MennoFloyd has become a little unpopularMennoFloyd has become a little unpopular
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

Quote:
View Post
The New York Times today writes on Maltese economic citizenship (something widely publicised elsewhere, not least by Henley & Partners, who handle (and charge for) applications. http://www.nytimes.com/2015/05/01/bu...r-a-price.html

Here's something interesting, excerpted from the article:

One American finance professional, who spoke on the condition of anonymity, said he moved to St. Kitts and Nevis seven years ago for tax purposes, eventually deciding to give up his United States passport. He then moved his family to Switzerland for the schools, European culture and competitive tax benefits.

His family is now applying for Maltese passports, attracted by the speed of the program. He would have had to wait 12 years in Switzerland to gain citizenship.
Thanks for the link to the interesting NYT article.

For reasons that escape me, the Malta investor citizenship program has attracted a lot of international interest in the news media while a similar program, which has been run by Austria for many years, does not. This appeared in a blog on the European University Institute website in 2012:

"Investor citizenship programs in Europe are far more discretionary than those in the Caribbean islands. Some regulation of the nature and amount of investment exists, but the programs are not as openly enshrined in laws as in the West Indies. At present, Austria and Montenegro offer citizenship to investors through vaguely defined programs. Interestingly, the citizenship regimes of both Austria and Montenegro are rather restrictive. Both countries pose high residence requirements (10 years); neither allows dual citizenship in cases of ordinary naturalisation. In cases of investor citizenship, not only are the language and other requirements waived, but also the residence criterion and the obligation of the investor to relinquish his or her other passport.
Pursuant to article 10(6) of the Constitution of Austria, an individual may be granted admission into Austrian citizenship at the discretion of authorities, whereby the common good, public interest and public wealth are taken into account, along with an overall assessment of the applicant’s character. The applicant needs to prove exceptional achievements in the special interests of Austria. However, there is no derived legislation regulating the exact amount or type of investment, and other criteria, as is the case in the Caribbean islands."

http://eudo-citizenship.eu/news/citi...uy-citizenship

There was a political cartoon several years ago showing three stages to become an Austrian under the investment program:
1. Oster + Reich (Eastern European + rich)
2. Oster + Reicher (Eastern European + a rich person)
3. Österreicher (Austrian)
Reply With Quote
  #8  
Old 02.05.2015, 11:34
MennoFloyd's Avatar
Senior Member
 
Join Date: Aug 2013
Location: Deutschschweiz
Posts: 292
Groaned at 2 Times in 2 Posts
Thanked 420 Times in 193 Posts
MennoFloyd has become a little unpopularMennoFloyd has become a little unpopular
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

The number of Maltese living in Switzerland has increased slightly from 2010 to 2013, but it's not exactly a tidal wave, according to the Bundesamt für Statistik:

2010: 152
2011: 155
2012: 161
2013: 169

For perspective, there are more Americans on welfare in Switzerland than the total number of Maltese in the country.
Reply With Quote
  #9  
Old 02.05.2015, 11:54
Fish Paste's Avatar
Senior Member
 
Join Date: Jun 2013
Location: North
Posts: 362
Groaned at 7 Times in 4 Posts
Thanked 422 Times in 201 Posts
Fish Paste has earned the respect of manyFish Paste has earned the respect of manyFish Paste has earned the respect of many
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

Quote:
View Post
Not that bad and Gozo is beautiful.
Yes, Gozo is still lovely.
I'll be in Malta for a week in May, I have a friend there.
I hope Malta is a bit cleaner than last time I was there, when they seemed to be having a festival of rubbish.
Reply With Quote
  #10  
Old 02.05.2015, 15:31
MennoFloyd's Avatar
Senior Member
 
Join Date: Aug 2013
Location: Deutschschweiz
Posts: 292
Groaned at 2 Times in 2 Posts
Thanked 420 Times in 193 Posts
MennoFloyd has become a little unpopularMennoFloyd has become a little unpopular
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

Eurostat shows the number of American citizens who have naturalized in Malta:

2010: 50
2011: 70
2012: 61
2013: NA

Exactly what these Americans do with their Maltese citizenship is unknown but, since Maltese citizens do not move to Switzerland in great numbers, Americans acquiring Maltese citizenship don't appear to be acquiring Maltese citizenship so that they can move here.

Also, Malta allows dual citizenship and grants citizenship to non-citizens who can prove Maltese descent, similar to Ireland, Italy, Poland and some other EU countries. Many or most of the Americans acquiring Maltese citizenship may be of Maltese descent and few may obtain it through the investor citizenship program.
Reply With Quote
  #11  
Old 02.05.2015, 16:42
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,744
Groaned at 209 Times in 181 Posts
Thanked 11,052 Times in 6,271 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

Quote:
View Post
Malta is a sh1tehole, I wouldn't live there either.
Far better quality of life than in CH, which is where I lived for the majority of my Adult life. The social scene is amazing unlike in CH.

Quote:
View Post
I hope Malta is a bit cleaner than last time I was there, when they seemed to be having a festival of rubbish.
On reflection, perhaps you should stay in Switzerland if 'clean' is what your looking for.
Reply With Quote
  #12  
Old 02.05.2015, 21:32
Today only's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Europe
Posts: 3,732
Groaned at 484 Times in 294 Posts
Thanked 3,958 Times in 1,974 Posts
Today only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond repute
Re: Maltese economic citizenship as a proxy for Swiss naturalisation

Quote:
View Post
Malta is a sh1tehole, I wouldn't live there either.
Can't be all bad, its' got Slammer ! (and the iron pig)
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Swiss Citizenship for person with swiss parents alexsteele Permits/visas/government 1 10.03.2015 11:45
Swiss citizenship through Regular naturalisation Unkn0wn Permits/visas/government 7 01.12.2014 01:36
Citizenship (naturalisation) questions Mr.B Permits/visas/government 42 09.08.2009 16:09
Swiss citizenship for babies born to Non Swiss Nationals? AlainaS Family matters/health 31 26.06.2009 00:41


All times are GMT +2. The time now is 16:14.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0