Moving to Malta can occur for many different reasons.
In some cases, clients would like to retire in Malta, whilst others would like change their current working environment – open a new business or relocate an existing business (company redomiciliation), or seeking employment opportunities on the island. Added to that is the undeniable fact that the good weather, with approximately 300 days of sunshine a year and an average year-round temperature of 19 degrees, makes Malta the Mediterranean’s number one attraction whilst some people would like simply relish the opportunity of living by the sea.
In this connection, the reasons for relocation are most frequently professionally and personally motivated, and tax considerations play a big role in any decision. It is no secret that Malta offers tax benefits for both business and individuals who decided to relocate there.
That is why for any relocation opportunity tax and legal advisory play a pivotal role.
In fact, this is one of our core fields and one-stop-shop level expertise that we offer to clients willing to move to Malta.
Moving to another country is a daunting experience. If you wish to make everything run like clock-work with us we will ensure each and every aspect is perfect, right down to the very smallest details. From advisory to opening the business, we take care of it all.
How can we help with your move to sunny Malta?
Our personalised relocation services include:
Our experienced accredited immigration lawyers offer fixed-fee initial consultations to advise both individuals and companies on their specific Maltese residence issues. We will provide you with the clear and pragmatic tailored advice, in plain English/Spanish/Italian/Russian to empower you to make informed decisions.
As well as supporting clients with visa and residence issues, we advise about taxation, establishing a business, employment law queries, estate planning among other things.
Opening business in Malta or business relocating and further business support services:
We will assist you through every step of setting up a company or relocating your business to Malta, from your initial enquiry to tax structuring, trademark registration, licensing, day-to-day company management and administration, accounting, tax compliance and audit.
Great business opportunities by sector:
Maltese Government offers several incentives for business operations in Malta.
A tax-efficient jurisdiction:
Despite a rather high 35% corporate tax, Malta’s tax regime provides for a number of reductions, a participation exemption regime for qualifying holdings, and it is also the only EU jurisdiction to apply a full tax imputation system.
Malta has also entered into over 80 double tax treaties and set up various regimes which provide for relief from double taxation.
Malta Retirement Programs:
Find out if you are eligible to apply for Maltese Retirement Programs and submit your application through Griffiths + Associates, we will ensure you are supported professionally and expertly throughout the application.
Malta Retirement Program (MRP):
As of 2020, if you are a Non-EU citizen and thinking of retiring in Europe, you are now eligible for this program.
Retirees willing to retire in Malta, are able to do so under a beneficial tax status when remitting their pension into Malta, the program gives a 15% flat tax rate on any foreign pension income received in Malta, and fulfilling some additional investment criteria.
United Nations Pensions Program (UNPP):
Special Tax Status for UN Pensioners, was introduced through the Maltese Parliament on June 5, 2015 through Legal Notice 184 of 2015. That program is available to all non-Maltese beneficiaries in receipt of a pension from the United Nations joint staff pension fund.
Malta Residency programs
We as an Authorised Registered Mandatory, will assist you all the way for you to be granted with a special tax status: preliminary advice you, perform due diligence checks as part of the onboarding process and get everything ready for the preparation of your application.
The Malta Permanent Residence Program (MPRP):
That program grants a Maltese residence permit (on the basis of a contribution to Malta, an investment in property, and a donation to a charity organization) which allows free travel within the EU Schengen Area without the need of applying for a visa, the right to reside, work, settle and stay indefinitely in Malta
The Global Residence Program (GRP):
That Program aims to attract Non-EU/EEA/Swiss entrepreneurs, High Net Worth Individuals and investors. GRP gives tax status in Malta, by setting the personal tax rate to 15% on external sources of income remitted to Malta, not a residence card. A separate application has to be applied for a Maltese residence card.
The Residence Program (TRP):
That program aims to attract to Malta private clients and High Net Worth families from the EU, EEA or Switzerland interested in gaining tax residence in Malta. Beneficiaries under TRP will be issued with a residence permit and entitled to a special status by the Malta International Corporate Tax Unit (ICTU) whereby income generated overseas, but remitted to Malta will be taxed at a fixed rate of 15%.
How To Move To Malta, Another New Opportunity To Catch Maltese Residence!
Nomad Residence Permit In Malta As Adjusting To The New Normal.
COVID-19 has caused massive changes to our daily lives, the world of work has changed forever – the virus has broken through cultural and technological barriers that prevented remote work in the past, and if some companies used to offer the ability to work from home as a perk, it has now become the norm for most businesses.
With this trend poisted to continue in 2022, Malta went further and launches Nomad Residence Permit.
Malta is ready for digital nomadism: the legal framework already in place, internationally connected airport, high-speed reliable internet service, English as a national language, security environment, mild climate and many other perks for foreigners.
The purpose of this initiative is to attract foreign consumption in Malta.
Digital nomads may be employed anywhere and paying their taxes there, but they would be physically located in Malta. That means their residency (not for tax purposes) would be in Malta, taxes would be payable in a different jurisdiction.
→ For whom.
This residence permit opens to highly skilled professionals – individuals, non-EU nationals, who can work remotely and independent of location, using telecommunications technologies. This enables holders to retain their current employment based in another country whilst legally residing in Malta. This is particularly relevant for such sectors as iGaming and Information Technology.
→ How it works.
Applicants who wish to work remotely from Malta for a temporary period of up to one year must prove they can work remotely, independent of location. They should either work for an employer registered abroad, conduct business activity for a company registered abroad, and of which they are partners or shareholders, or offer freelance or consulting services to clients whose permanent establishments are in a foreign country. Moreover, an applicant must reach a monthly income threshold of EUR 2,700 gross of tax (only for one person, not for all eligible family members).
Applications will be effected online, costing a flat fee of €300. For this, Identity Malta Agency is launching the new visa service – a “door-to-door” option intended in order to streamline the process without compromising the due diligence process.
Applicants can apply for a temporary visa of 6-month under this scheme, with an option of obtaining the one-year permit. Nomad residence permit can be renewed as long as the applicant still meets the set eligibility criteria.
© By Olga Saliba
Contact us today to set up an appointment:
Griffiths + Associates has over 20 years of experience in corporate, advisory and financial services in Malta:
- Retirement Malta;
- Corporate services Malta;
- Setting Up A Company In Malta: 22 Business Ideas;
- Malta company registration process;
- Malta Yacht Registration.