Traveling abroad usually fills a person with new emotions and memories for a long time. And if one weighs the pros and cons, one can get citizenship in the country one likes according to all the criteria. To do this, people must undergo several procedures, including living in the territory for several years. It is also possible to choose a faster way to invest. One of the priorities is the Maltese. The island state of Antigua and Barbuda does not lag, being a natural oasis, and having a quality and standard of living.
Let’s consider the pros and cons of obtaining the passports of these countries and define the differences between them, in the end, providing the final information. Then, according to it, everyone can set priorities in favor of one direction.
What are the benefits and disadvantages of the Malta citizenship
Vacationing on islands is relevant to many nationalities, but what to do if you want to move permanently and enjoy the sun and the sea all life? The best answer to this question is the Malta CBI program; the state is designed to become its citizen. The perks are many, from the water fun and scenery to the quality of life and getting a world-class education for your children. But, of course, in Malta, people can open their businesses or invest in already available options. And investors are given more opportunities than residents, including being able to reduce the time it takes to get a second passport to a few months.
Reasons to participate in the Malta CBI program are:
- Possibility to visit more than twenty countries with a Maltese passport.
- Completely secret information about your whereabouts.
- Guarantees the safety of citizens.
- Stable economy, well-developed medicine, education, tourism.
- According to Victor Esik (Immigrant Invest Agency), receiving an identity document after applying takes 5-6 months.
- The visa is valid for five years, after which it can be extended, unlike in other countries where residency status is granted for a year or two.
- Relatives are also eligible to move in with the principal investor, and there are no age restrictions for children.
- Many go to the islands for international education for children to improve their English and learn Maltese.
Among the disadvantages are that it is necessary to invest large sums and provide information about the personal budget. At the same time, it is essential to be a trustworthy person. However, with some business experience and a great desire to change a life completely, it is possible to move and subsequently develop the industry.
What are the main advantages of Antigua
It is enough to invest in real estate or a fund of the state in the Caribbean to get permission to enter and leave the country freely to live and do business. And after a maximum of 6 months, it is possible to get an Antigua passport. Moreover, the land on an equal footing with Malta officially allows people to have dual citizenship!
There are several investment options available to future cosmopolitans:
- In real estate – about $ 300 thousand provides for a partial contribution or purchase of the entire enterprise.
- To a state development fund, which then funnels money to the health care system and other organizations.
- Put money into the business, and while you own it, you get rental income.
The Antigua and Barbuda citizenship by investment program is valid for five years, after which it is possible to extend or sell the property on the island. Of course, this is also an undeniable advantage of this particular system. However, many more opportunities open up to people after the paperwork. Firstly, there is no taxation, so you do not have to pay taxes on inheritance or rental income. Secondly, it is a quiet and peaceful place that simultaneously is developed in terms of opportunities. Children can get international education, and adults can enjoy the outdoors with the ability to visit European Union countries without visas.
The main differences between the nationalities of the two countries
To summarize, Malta and Antigua are two island republics that offer great opportunities both to residents with residence permits and solid people who have decided to invest in the economy. In addition, both states allow residents to have two passports at once – the native and obtained at the time of registration of documents. True, there are some differences for everyone:
- In Malta, real estate is more expensive, and there is a taxation system, unlike in the Caribbean.
- Antigua and Barbuda is a quieter “harbor,” suitable for retirees and people with small children. In addition, Antigua and Barbuda is the fastest country to obtain citizenship by investment.
- In Malta, it is necessary to pass a background check, which is not the case in other states.
Thus, both are good options for relocation and/or citizenship. With no taxes, Antigua and Barbuda is a dream come true, and you can save money. And it’s a quieter place. Therefore, if one needs to get a second passport in the Caribbean as soon as possible, one can get it quickly through a special program. If there is no urgency and have the material capacity, it is better to look at Malta. It will allow the whole family to enjoy their holidays in the Mediterranean Sea regularly.