With no Witholding tax, no Savings tax, no Wealth tax and no Inheritance tax, Malta is an attractive country to move to or invest in, being property-related, establishing your company or through any of the programmes Malta has to offer.
To do this, MXP Malta collaborates with lawyers specialised in each field as well as auditing firms to be able to fully satisfy all its clients' needs and requirements.
Depending on where you are emigrating from you can apply for one of two types of residency: the Ordinary Residence or the Permanent Residence. The difference between the two ultimately boils down to how much you are taxed.
Ordinary Residence applies to people coming to Malta from the EU. The tax you pay is worked out by taking from 0% to 35% of your income, less a tax-credit, depending on how much you earn and depending on your marital status.
Permanent Residence is open to everyone, no matter what your country of origin is. If you’re not from the EU then this is what you need to apply for. You can also apply for this scheme if you are from the EU, but we recommend always consulting one of our lawyers to see which scheme is more suited for you.
If you become a permanent resident in Malta you will need to pay 15% tax on the income you bring into the country. Thanks to double tax treaties with various countries, you will probably not need to pay any tax to your country of origin.
You will need to renew your ordinary residence permit every five years, while permanent residence permits are renewable every year.
MXP Malta offers assistance services to guide you with this. Kindly get in touch with us.
The Malta Retirement Programme (MRP) is a programme designed to attract nationals of the EU, EEA and Switzerland who are not in an employment relationship and are in receipt of a pension as their regular source of income. Individuals benefitting from this Programme may hold a non-executive post on the board of a company resident in Malta. This implies that the beneficiary would be prohibited from being employed by the company in any capacity.
Such individuals may also partake in activities related to any institution, trust or foundation of a public character and any other similar organisation or body of persons, which are also of a public character, that is engaged in philanthropic, educational or research and development work in Malta.
Together with our lawyers, MXP Malta can assist you further. Please get in touch with us.
Under the Malta Flag, a yacht may be registered as a Private yacht or a Commercial yacht.
The Merchant Shipping Directorate considers a private registered yacht to be any pleasure yacht, of 6 metres in length or more, which does not carry passengers for reward and is not engaged in trade but is used for the sole purpose of the owner.
A commercially registered yacht is considered to be a yacht, of 15 metres in length or more, which does not carry cargo, carries not more than 12 passengers and operated by the owner or body corporate owning the yacht for commercial use.
The following classes of yachts will be considered for commercial registration:
Yacht registration whether private or commercial is a very simple and straight forward process subject that all documentation is in order. Yachts are first registered provisionally under the Malta Flag for six months (extendible for a further period, or periods not exceeding in the aggregate six months) during which period all documentation needs to be finalised.
MXP Malta collaborates with lawyers specialised in this field. Get in touch with us stating your requirements.
For many people it is a dream to have a home abroad, be it for vacation purposes, investment purposes, or for relocation purposes. One however wants to make sure that the home they are purchasing will be worth its value.
Besides its charming climate and rich history, Malta offers:
• Attractive retirement benefits • Full EU Member • English speaking • 0% Property Tax • No Inheritance Tax/No Wealth Tax • 8% annual property value appreciation (% varies depending on location and on property type) • High rental income in prime areas
MXP Malta provides you with prior knowledge as well as market information for you to make the right choice before purchasing a property or renting out your property in Malta.
Incorporating a company in Malta has many advantages, one of which is the taxation system, providing up to a 6/7 refund to foreign shareholders, full tax exemptions for holding companies and no withholding taxes or stamp duties in case of profit repatriation. Also, when taking into account the low company formation and maintenance costs, foreign investors have many other reasons to open a company in Malta.
MXP Malta collaborates with lawyers and auditing firms, who can help with the incorporation of a Maltese company as well as administrative assistance.
The "Global Residence Programme (GRP)" is a programme designed to attract individuals who are not nationals of the EU, EEA or Switzerland and who are not long-term residents. Individuals benefitting from this Programme are not precluded from working in Malta, provided they satisfy the requisite conditions for obtaining a work permit.
Beneficiaries may also have Household staff providing a service in their qualifying property, as long as all the requisite procedures are satisfied.
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