Taking up Residence in Malta
Warm climate, friendly people, excellent communication infrastructures, low criminality and many other features of the Maltese islands have made Malta an excellent destination for people to take up residence in.
Moreover low rates of taxation on income remitted to Malta ensures that people can transfer income to Malta and be subject to relatively lower rates of taxation than those applicable in other EU jurisdictions. Maltese residents may also claim relief from double taxation in terms of Malta’s extensive tax treaty network for the avoidance of double taxation, thus ensuring that the same income will not be subject to tax twice in two different jurisdictions.
Malta has in place different schemes which may be applicable to you depending on your nationality, the type of income you earn and the reason for taking up residence in Malta.
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ACT is a well-known and respected boutique tax advisory firm providing high-quality tax advice to Multinational Enterprises, SMEs including family owned and other owner-manged companies, family offices, trusts, foundations, employees and high net worth individuals.
Maltese companies are subject to tax at the rate of 35% on their worldwide income and capital gains. Malta grants various fiscal incentives to both companies and their shareholders upon the distribution of a dividend.
Malta has recently seen an increase in the number of Electronic Money Institutions (EMIs) looking to set up their operations in Malta. This has been largely due to the growth in the e-commerce and the i-gaming industries.