Digital nomads who want to apply for a residence permit in Malta must have a clean criminal record, a rental or purchase agreement in Malta, a valid international health insurance, and be of a non-EU, non-EEA, or non-Swiss nationality.
Recently Porsche lost a design protection case for its widely known Porsche 911 model, with the European Court confirming such cancellation by quoting lack of individual character and no substantial difference from previous models.
27 Mar 2023 Wojciech Gadzala
A Maltese company can trade and provide an array of services internationally as well as outside the EU, enjoying a net 5% effective tax rate after refunds to shareholders. Malta is a full member of the European Union since 2004 and enjoys reputable onshore status. Maltese companies enable highly competitive tax opportunities in a reputed jurisdiction.
Individuals who are resident though not domiciled in Malta are required to register for tax purposes in Malta, irrespective of whether they are in employment or not. Malta tax registration is required for persons who despite not being tax resident in Malta, are involved in an income-generating activity in Malta. This requires Malta tax registration.
A corporate entity needs to be mindful of the application of timely and effective compliance monitoring and appropriate controls. The Business Risk Assessment process empowers organisations to develop a thorough understanding of the innate and residual risks present in a subject-person’s operating environment.
10 Mar 2023
A trust is taxed in Malta if it is being managed by trustees who are located in Malta. A licensed trustee may opt for a trust to be treated for tax purposes as a company ordinarily resident and domiciled in Malta, and thus taxed at the standard corporate income tax rate of 35%.
Successive Maltese governments has concluded over 75 double tax treaties with important trading partners and emerging countries around the world to encourage the growth of international trade and the development of Malta's connectivity in the financial services world. Malta's bilateral double tax treaties resolve issues involving double taxation of passive and active income.
The Highly Qualified Persons (HQP) Rules are aimed at attracting highly specialized senior executives of companies operating in qualified industries to relocate and occupy c-suite positions in Maltese companies. Under the HQP rules, senior company executives benefit from a capped personal tax rate of 15% with no tax payable on income over €5m. The HQP rules apply to specific senior positions in the financial services, online gaming and aviation industries.
5 ways to obtain Maltese citizenship in 2023. Requirements, eligibility and other useful information on how to get Maltese citizenship.
The laws regulating leases in Malta have been subject to numerous changes over the years. Learn more about the amendments in Malta rent laws throughout the years and current situation