Malta vs Cyprus (Which is Better?)

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Today we are comparing two similar yet very different countries - Malta and Cyprus.
They are both centre of attention in the offshore world, because of their favourable taxation and business friendly policies. Both of these countries used to offer Citizenship by investment program, free to say the most compelling on the market.
Cyprus would grant foreigners an EU citizenship if they were to invest 2 million euros in real estate.

However, times have changed and so did the landscape of these two countries.
Where do Cyprus and Malta stand right now in terms of offshore company formation, taxes, banking, residency, citizenship, etc?

We are covering all you need to know, so you can make an informed decision if you are thinking about doing business or maybe relocating to one of these two countries.
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Introducing Michael Rosmer, the true modern-day Renaissance man and international entrepreneur, who has been mentored under top international tax attorneys.
He is widely regarded as the foremost international tax expert for legal cross-border tax planning, with extensive experience in immigration, residency, and second citizenship for those seeking a plan B, asset protection, global offshore banking, and payment processing.

Michael leads a team of lawyers and accountants who are top experts in their respective fields. This multi-lingual, multi-national team has worked with digital nomads, entrepreneurs, and investors from 62 countries, providing practical real-world multi-dimensional solutions for their clients.

At Offshore Citizen we understand that each individual's situation is unique. Unlike most industry service providers, we do not push any particular country or solution. Instead, we analyze your individual situation and custom-tailor the best countries and strategies for you, drawing on every part of the globe.

With Offshore Citizen, you can rest assured that you are in the hands of professionals who have your best interests at heart. Let us guide you through the complex world of international tax planning, immigration, residency, and second citizenship.
Contact Michael today for a personalized consultation and take the first step towards securing your financial future.
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Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.

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[RedgeNumber]

Cyprus is also a former British colony. Lived there for 6 months and the English is great overall. Had no problem in either the Greek or Turkish side.

[taxone]

Cyprus has a great entrepreneur community, that’s true. We see many entrepreneurs relocating from Malta to Cyprus too in recent times. The banking system in Cyprus has improved and their KYC & AML processes are very strict nowadays which shows their commitment to avoid any black swan events. And the Cyprus passport has many routes, some of which don’t require serious time commitment. Great video!

[gyohngpersonal]

One important point to note is that if you hold a non-EU passport, Maltese residency essentially grants you a long-term Schengen visa with relaxed practical conditions. This means that when you travel to other European countries, you're technically still within the Schengen zone. For those with a mobile lifestyle, this allows for extended stays anywhere in Europe without affecting your Maltese residency, triggering tax issues or running into the standard Schengen 3/6 rolling hard limit that applies for the entire zone if your passport is stamped. In contrast, Cyprus has a hard border with stamps, and certain limitations apply.

[nullx]

I'm from Malta, if you are the type of person that likes to go out a lot, you will not like it here. The traffic, air polution, noise polution (construction), Goverment/Police while not complete corruption they are greedy and will not help you when you need it etc. Overall nothing that is super bad, but a lot of little things that ruin the experience of someone that wants to have adventures here.
If you work from home and just take vacations in other countries, it's basically perfect. As for banking, it can be a nightmare but finding a local popular accountant helps alot since they have connections with the banks. Some of the banks have really good online banking, i don't even user support anymore.

[SingularityZro]

Relocated to Cyprus 3 years ago - never regretted it. Regarding the Language. I never had any problems as a non-greek speaker. The country is more or less bilingual, and you find almost all documents, shops etc. operating in Greek and English.

[michaelmulcahy]

Malta is so small that it's basically a city state. Cyprus is so much bigger with many cities, countryside, and fabulous mountains where you can ski. So there's that too when making your choice

[don_kandon]

Great info as usual. One thing about no more than 6 months in any other country, for example usa has 3 year basis rule, you basically can not stay more than 4 months each year for 3 years or you will be considered as tax resident. Some euro countries now have a rule that 1st year up to 183 days is ok, but in 2nd year if you stay more than 90 days, automatically you are on a hook for both years as tax resident (273 day two year rule).

[lucchese]

Thanks Michael for this interesting comparison. Two observations…
1) Healthcare?
2) Given Cyprus is politically divided, I’d be a little nervous about the long-term. Who’s to say that some conflict between the two sides of the island will NOT occur? 🤔

[VilleHyytiainenInvesting]

Downside in Cyprus company is that you need a local director and you wont have personally access to your company filings. I have no experience with Malta.

[tinglestingles]

Been to Malta many times but found it a little old fashioned and too small. No real beaches but easy to get to from the UK for a long weekend.

[mattmaurer]

Thanks for the Clip. It would be great if you could do a video on the overall cost of living in Cyprus Vs Dubai considering you can also pay zero % Tax with the Cyprus Non Dom Status ( paying yourself dividends through a cyprus company) and you only have physical presence requirement of 60 days as opposed to 90 days in Dubai.

[DavidF.Lambert]

Would love to know about countries where you can easily bring employees from all over the world.

Country where my and I employees will not get rip off by taxes and where we can easily bring them.

[jotazejay]

A lot of comfort, but would be curious to see the sailing performance.

[FrozenSkyy]

Great video. Was waiting for this comparison.

[malthus]

So... Cyprus sells citizenship too? If so how much do they charge vs Malta's what, 1 milllion euros right?

I don't understand the banking thing. If you live in Cyprus then where do you put your money?

[JamesWilliamson-wy]

If you choose to move to Cyprus one of the first things you should do is sign up to Russian Language classes. The Russian and gradually buying the island.

[AbdulRahim-cuy]

Hey Michael! I sent you an email about video editing and was wondering if you had a chance to check it out. If there’s another way you’d prefer to communicate, just let me know. Thanks! :)

[blythemajors]

I’ve not been to Malta, but I found Cyprus to be quite a dirty country. Rubbish everywhere. Unfinished streets, buildings etc even though they are occupied. Stray animals roaming around. Honestly it reminded me a bit of living in Kuwait. No real character or charm. I was surprised by this as I expected more.
I was only located in one part of the island on my visit but speaking to many people they said it was one of the best parts.

[warrenr.johnson]

If you want people to contact you, you must slow your speech and enunciate. Your intros. are always garbled; you simply rush through these to get to your main content. Please slow down and speak clearly. Thank you.