You will have to move though, in Malta you can just invest and get a passport
For example if you’re an American with a Thailand elite visa good for 20 years or Singapore or Hong Kong PR you might want to get rid of your US passport but to do that practically you need another - literally any will do but these ppl don’t have an interest in becoming tax resident in another high tax place with complicated world wide reporting requirements…that’s literally the problem they are trying to solve by getting rid of the U.S. one.