International Tax Advice
Some cases may require tax advice both in Malta and in another jurisdiction, which we provide drawing on the resources of our extensive network. One core capacity of Dr. Werner & Partner is international tax advice, meaning advising in regard to cross-border transactions where knowledge and experience in dealing with international tax treaties, such as double taxation agreements, is critical. Additionally, complying with new international agreements and regulatory schemes will become increasingly essential both in the near and distant future. These include:
- The Anti-BEPS Action Plan
- The EU Anti-Avoidance Directive
- The Fourth Anti-Money Laundering Directive
- The Common Reporting Standard
International tax is an area that is constantly growing and changing and which therefore provides manifold opportunities for interpretation. We are familiar with the particularities that can arise as the result of the interaction between two national sets of tax laws (especially regarding Malta and other jurisdictions) and can advise our clients accordingly.
Expert international tax advice is part of Dr. Werner & Partner’s company formation services and included in our corporate fees. As a general rule, clients pay Dr. Werner & Partner an annual flat rate fee for corporate services. Such flat rate fee however allows for quasi-unlimited access to all of our advisory resources.
HOW LONG DOES IT TAKE TO MOVE TO MALTA WHEN FORMING A COMPANY?
About 3 months to complete everything.
WHEN DOES FORMING A COMPANY IN MALTA MAKE SENSE?
That depends on your particular case and what you consider that makes it “worth it”. If you don’t want to move to Malta, it usually makes sense where there are annual profits involved of more than EUR 750K, or if you do want to move to Malta where there are annual profits of more than EUR 100K.
OK, SO I’LL JUST RENT A FLAT IN MALTA AND DE-REGISTER WHERE I LIVE. HOW SHOULD THE FINANCIAL AUTHORITIES THEN BE ABLE TO PROVE THAT I’M STILL THERE?
1. Regardless of whether or not the local financial authorities find out about it, or whether or not they can prove it, it can still be considered tax evasion to be residing in another country and not paying taxes there.
2. In many countries, the local financial authorities usually do not need to prove anything. You do. They make a claim, and you need to show the opposite.
SO FOR WHOM DOES MALTA MAKE PERFECT SENSE?
First of all, for anyone who is not tied down and can imagine living in Malta. In our view, it’s particularly favourable for international entrepreneurs and internet-based business company owners who can work (and who do work) from any PC or telephone located anywhere in the world.
THIS ALL SOUNDS SO COMPLICATED!
It can be, but it doesn’t need to be because you have us to analyze and structure everything for you. There is no formula or “one-size-fits-all” solution for everybody. What’s perfectly alright for one client may have serious consequences for another. Each case is different, and each requires individual expert advice.