Malta recently introduced an attractive 15% flat rate of tax for individuals working in the aviation sector who can meet a number of requirements in the relevant legal notice.
Malta allows a flat rate of tax of 15% for highly qualified professionals working in the online gambling sector who satisfy a number of requirements specified in the relevant legal notice. This measure was introduced in response to the growth which the Maltese igaming sector has witnessed and the importance of always providing an appopriate supplier of highly qualified professionals to feed the needs of the gaming industry in Malta.
Highly qualified professionals working in the development of innovative and creative digital products will be charged a reduced Malta tax rate of 15% on eligible employment income arising from eligible senior positions in the digital games, video games production and creative and innovation sectors.
For financial services professionals taking up qualifyign employment with financial services entities regulated by the Malta Financial Services Authority, the Highly Qualified Persons Rules 2011 cap the personal tax at a preferential rate of 15% of Malta-source employment income, with no tax payable on such income over €5m. HQP Malta tax status for financial services executives is intended to attract specialised talent to relocate to Malta.
Legal Notice 111 of 2013 has brought into place a new scheme whereby Maltese professionals established in a Field of Excellence, can benefit from a tax incentive. Those individuals who satisfy all the requirements established by the rules, are to be charged to tax at the flat rate of 15% to incentivise successful Maltese professionals to return to the Maltese labour market.
In June 2021, Identity Malta and Residency Malta Agency launched the Malta Nomad Residence Permit (NRP) which is intended for non-EU nationals who want to retain their current employment outside of Malta but reside in Malta. This permit is open to non-EU nationals who can work remotely using telecommunication technology.
Looking towards the Future of the Effectivity of Your Business in Malta: Solutions in relation to Mergers under Malta Law
04 Jun 2021
The process for a merger by acquisition under Malta law is laid out, including the requirements of the documentation such as the experts and directors' report and most importantly the draft terms of merger.
Chanel has lost its EU trademark battle against Huawei following opposition proceedings in front of the EUIPO. Chanel is claiming that Huawei’s trademark is similar to its own registered marks.
Malta's longstanding tradition as a PR Destination continues with Permanent Residence Programme 2021 .