Moving to Malta correctly and legally

In many con­ver­sa­tions which we hold with clients on estab­lish­ing a com­pa­ny in Mal­ta, the ques­tion is fre­quent­ly asked: “Must I now move to Mal­ta for that?”. The ini­tial answer to this ques­tion is neg­a­tive, but then we counter with the ques­tion: “Why must? Wouldn’t it be bet­ter to ask: May I then move to Mal­ta?”.

A move to Mal­ta yields many ben­e­fits

Isn’t it true to say that many peo­ple dream of one day liv­ing by the sea, where oth­ers spend their hol­i­days? And this can be effec­tive­ly com­bined with earn­ing a liveli­hood and goes hand in hand with con­sid­er­able, if not unique, tax ben­e­fits. If any­one were to describe a coun­try in which they would real­ly like to live, the fol­low­ing cri­te­ria would cer­tain­ly often be men­tioned:

• Sun
• Low cost of liv­ing
• Low tax­es (both busi­ness and pri­vate)
• Good infra­struc­ture
• Friend­ly peo­ple
• Good food
• Cul­tur­al­ly inter­est­ing and stim­u­lat­ing
• High lev­el of secu­ri­ty
• Good health sys­tem

This arti­cle is not intend­ed to degen­er­ate into tourist pub­lic­i­ty for Mal­ta, but in our opin­ion all the above cri­te­ria are ful­filled in Mal­ta, and tak­en togeth­er with the devel­op­ments in strict tax poli­cies of recent years, Mal­ta offers a par­adise of pos­si­bil­i­ties for any­one who gets effec­tive­ly involved.

A move to Mal­ta makes sense for many peo­ple

Even if the move to Mal­ta is only for a few years, the full range of pos­si­bil­i­ties can be exploit­ed dur­ing this peri­od. In addi­tion to per­son­al ben­e­fits such as those already men­tioned above, there are also above all con­sid­er­able tax ben­e­fits for any­one in one of the fol­low­ing sit­u­a­tions:

• Any­one run­ning a com­pa­ny with few or no costs/expenses.
• Any­one already liv­ing on a pri­vate income gained by means of cap­i­tal invest­ments.
• Any­one expect­ing a major pay­out in the near future.
• Any­one who can run their com­pa­ny from any­where where a tele­phone and inter­net con­nec­tion are avail­able.
• Any­one wish­ing to apply for a financial/banking licence.
• Any­one wish­ing to apply for a remote gam­ing licence.
• Any­one whose main source of income is out­side Mal­ta.

This list is not exhaus­tive, and we analyse togeth­er with the client whether it is eco­nom­i­cal­ly and prac­ti­cal­ly fea­si­ble to make use of these ben­e­fits. Why not arrange for a per­son­al con­sul­ta­tion so that Dr Wern­er & Part­ner can advise you? Mov­ing to Mal­ta could make good finan­cial sense even in view of lat­er years, when plan­ning for retire­ment.

About Philipp Sauerborn

In 2005, Philipp Sauer­born joined the firm of St. Matthew in Lon­don, one of the lead­ing Ger­man account­ing firms in Eng­land renowned for its exper­tise in cor­po­rate, com­mer­cial and tax law, as a depart­ment head. After three years, he was a part­ner and man­ag­ing direc­tor.
Towards the end of 2011, he decid­ed to move to Mal­ta, where he first worked at inter­na­tion­al law firms and con­sul­tan­cies in an employed and con­sult­ing capac­i­ty. Since the begin­ning of 2013, he has been a senior employ­ee at Dr. Wern­er & Part­ner. Mr. Sauer­born is cur­rent­ly com­plet­ing his ADIT ‑Advanced Diplo­ma in Inter­na­tion­al Tax.

View All Posts

Leave a Reply

Your email address will not be published.