Our articles of the last few days mainly dealt with the positive aspects of relocation to Malta. As a professional service provider, we give priority to the taxation issues that need to be considered.
In this context, one of the most important aspects is the fact that within some EU countries a differentiation is made between resident and domiciled, and likewise between resident and non-domiciled (“non-dom” for short).
Non-dom: a small word which, however, makes an enormous difference, as for “non-doms” de facto no principle of taxation of worldwide income applies. For precisely this reason, comprehensive advice on legal structuring is essential; ultimately, in addition to conditions in Malta, those abroad must be particularly taken into consideration. Even if the following might appear to make for easy reading, it is still important not to underestimate the effort involved and the consequences of the whole issue.
The processing necessary to attain “non-dom” status as well as application for the GLOBAL RESIDENCE SCHEME or registration as a “highly qualified person” can be undertaken by Dr Werner & Partner. The following excerpt from our English catalogue of services provides a brief overview of the services we offer in this respect:
“Resident but non-domiciled person” in Malta
Provision of basic know-how
Analysis Malta (including factors)
Analysis abroad (excluding factors)
Establishment of a sole COVI (Centre of Vital Interests)
Establishment of residency Malta
Assistance with flat rental
Arrangement of viewings
Negotiation with estate agents
Negotiation with landlord
Registration as employer (PE number)
Contract of employment
Social security number
EU health insurance (public)
Advice on the Maltese health system
Registration for private clubs
Maltese ID card
Private bank account Malta
Private bank account offshore
Please make an appointment to speak to us over the phone or in person so we can advise you comprehensively and individually.