a country that offers fascinating conditions
Malta-EU membership, Euro and English as official language. 400,000 inhabitants live in Malta, an island with 300 sunny days a year. Most people live on the main island Malta, which is located about 100 km south of Sicily, and 2 other islands. There are excellent flight connections to most European centers with more than 800 flights per month. Every year, more than 1,2 million tourists visit the island with many ancient buildings and more than 7000 years of history.
Malta is positioning itsself as an on-shore location compatible with EU laws, but at the same time it provides an attractive environment to enterprises and individuals: Malta was set by the OECD on the white list, has numerous double taxation agreements and is not in the field of fire of high tax countries. At the same time it is possible to get access to attractive EU- subsidies. Authorities in Malta act customer friendly, there are one stop shops which offer to investors flexible and individual solutions.
This environment attracts investors: stable housing prices, a reasonable salary level, low taxes, low costs for services and a predictable political environment. Zugimpex helps you to combine these advantages with those of other countries like Switzerland, Austria and Slovakia. We know which steps are necessary; with our offices, we offer various services from one source.
Legal benefits:
Managers of corporations can have their residence outside of Malta (however there has to be a representative who is Maltese resident).
Little capital is needed to set up a company. For a Limited Liability Company, 20% must be paid up capital of €1200; with a Public Compaany, 25% of €46.600.
Licenses in Malta often are valid for the entire EU: but in Malta, costs for obtaining and administrating the authorization are much lower. Whether online-gaming, shipping or investment-funds, Malta offers an EU-passport for reasonable costs. For IPOs, a combination with a first listing in Malta and a second listing on a larger EU stock exchange might be much cheaper than a single listing on the larger exchange.
Tax benefits:
When creating a new taxation system, Malta was assisted by a global tax consultant, whose expertise allowed to create an EU-comatible, but yet pro-business environment.
5% effektive corporate profit tax, if companies are owned by non-residents or by residents without domicile in Malta. There unique structure complies with "subject to tax" regulations of double tax treaties: companies pay a profit tax of 35% and the recipient of dividends receive 30% or 6/7.
Application of the Parent-Subsidiary Directive of the EU, according to which dividends from a subsidiary company can be received tax-free in the parent company, even across borders, if some conditions are met. Also the refund from dividend tax remains tax free in the receiving company. If the mother company is situated in a country that has rather inpredictable tax authorities, a corporate structure is used with an operative company, a dividend feeder holding and beneficial owners outside of Malta. The holding might be in Slovakia, where there is no tax on dividends.
Limited tax liability for residents without domicile: for these residents, there is a tax only on their income from Malta or on income brought to Malta. Income created outside Malta that remains outside Malta is not subject to tax. For Maltese income, the tax rate is 15% and the minimum tax is about € 20000 per year. In current practice, a person who is born in Malta or has parents from Malta does not qualify as resident without domicile.
Easy relocation of residence: Malta ist member of the EU, therefore EU citizens are entitled for a residence permit. Also, within the EU exit tax is not effektive.
EU subsidies and Tax Credits als Investment incentive: under certain conditions, 50% of the total amount that is invested in the first 3 years - including personell costs- can be taken as a tax credit. If a company plans to invest € 100.000, calculating an effecitve corporate tax rate 5%, such a tax credit of € 50.000 means a tax free profit of €1.000.000
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