The Parliament of Malta has announced the 2018 fiscal budget. Prime Minister Muscat stated, "This budget is a return for the trust the public has placed in the government." Malta has rapidly gained popularity in recent years, being hailed as an "internet celebrity in the immigration world" and a "new continent for investment." The newly announced 2018 fiscal plan contains many benefits for investment immigration, and immigration experts at Worldway Group remind all investors to seize this favorable situation and relocate early. Let us first take a look at which budget policies might appeal to you?
Education
Examination fees for MatSec and SEC certification courses will be halved next year and completely waived the following year;
All students in the fourth and fifth grades will use tablets for learning in their courses for free;
Underprivileged students will receive more subsidies and assistance;
Postgraduate students who obtain a master's degree through full-time courses will be exempt from personal income tax for one year;
All primary and secondary school students will ride school buses for free. Starting from the next semester, free school bus access will not be limited to public schools but will be expanded to church and private schools;
The age limit for free bus travel for youth will be relaxed;
Last year's budget provided free bus travel for 18-year-olds for the entire year. This year's budget extends the age range for free bus travel to 16-20 years old;
A new public primary school is under construction in Marsaskala in the south, and other new schools will be built in Aura in the north, Msida in the center, and Victoria on the island of Gozo.
Transportation
The government will allocate 200 million euros annually to alleviate traffic congestion.
To ease traffic, the government will increase the frequency of passenger ferries between Grand Harbour and Marsamxett, Valletta and Sliema, and the Three Cities;
Rebates for purchasing bicycles and motorcycles will be increased; (Electric) hybrid vehicles will be exempt from registration tax, and road licenses will be free for five years.
Taxation and Finance
In the 2018 budget, the government will not increase any tax rates or introduce new tax categories, including those on tobacco and alcohol, which is a first in history.
Tax refunds, improved retirement benefits, and higher tax thresholds for small and medium-sized enterprises
Taxpayers with an annual salary of less than 60,000 euros will receive partial tax refunds starting next year;
All employees will receive a one-time tax refund ranging from 40 to 68 euros, including employees who have not paid personal income tax;
All employees will receive an additional day of flexible leave starting in 2018;
Employee wages will increase by 1.75 euros per week, and student allowances will also increase proportionally; the minimum wage will increase by 3 euros per week;
For all retirees, the weekly pension will increase by 2 euros;
The tax-free threshold for retirees will be raised from 13,000 euros to 13,200 euros;
The government will issue 10 million euros worth of government bonds to individuals over the age of 62;
The threshold for VAT payment for self-employed individuals and small and medium-sized enterprises will be raised from 14,000 euros to 20,000 euros.
Environmental Protection Measures
Fines for littering will be increased;
Legal penalties for environmental damage will be introduced;
Waste sorting systems will be implemented in both Malta and Gozo, and reward measures for recycling plastic and glass bottles will be introduced;
A new agency will be established to manage national nature parks, ensuring that a tree is planted for every newborn child;
The government will promote a large-scale infrastructure project for waste recycling.
Renting and Buying Property
All housing rental contracts must be declared and taxed; otherwise, the landlord's rights will not be protected by law;
The government will regulate the rental market and encourage landlords to put more properties on the rental market;
The government will relax controls but reserves the right to regulate rental deposits;
Except for tourism purposes, landlords are generally not allowed to implement short-term rentals;
The government will extend incentive policies to encourage more landlords to rent their properties to the government for public housing purposes; landlords who sign contracts with the government for 10 years or more will enjoy renovation subsidies for old houses of up to 25,000 euros;
The government promises to increase the construction of social housing, with 700 units currently under construction;
The government retains the preferential policy of providing a 5,000 euro subsidy to young couples buying their first home;
At the same time, a 3,000 euro subsidy will be provided to families who sell their first home to purchase a second home;
Separated couples will also enjoy these benefits on a pro-rata basis.
High welfare, high security, and high safety—with progress and changes every year, this is a rapidly rising Malta. The 2018 fiscal plan announced by Malta includes various preferential policies and benefits that are emerging one after another, with a very wide range of coverage. From enterprises and investors to families, the benefits are multifaceted. If you have not yet immigrated to Malta, you will surely be able to enjoy the abundant welfare signals. Relocate to Malta and enjoy a life with great benefits!
After Malta launched the project of investing 250,000 euros in government bonds to achieve immigration, it was quickly sought after by many investment immigrants due to its national welfare and the unique advantages of the project! Subsequently, the financing platform launched a 100,000 euro financing model, which once again set off a wave of enthusiasm in the investment immigration circle. Now, good news about Malta government bond immigration has arrived again, with non-stop discounts!
Malta immigration's latest financing promotion plan effective from November 1st:
From November 1st to December 31st, investors who choose the financing method to apply for the Malta Residence and Visa Programme can enjoy half-price legal fees, a 15% discount on financing costs, and super-value discounts that save nearly 310,000 RMB in immigration costs!!! Easily immigrate to Europe with four generations of your family; this is an opportunity not to be missed!
Working Together to Create Brilliance • 20 Years of Reputation
Celebrating the Continuous Approval of Worldway Group Clients
Non-stop Heavyweight Discounts for the 20th Anniversary
You Immigrate, I Subsidize, Service Without Compromise
Promotion Period: From Now Until December 8th
Hotline: 400-138-2929
