Our articles of the last few days mainly dealt with the positive aspects of relocation to Malta. As a professional…
Relocation Services Malta
Dr. Werner & Partner advise and support clients during their move to Malta and when exiting their current of residence. In most such cases, the decision to leave the current country of residence has already been made. There are numerous reasons why clients move to Malta. Of course, tax considerations may play a role. From a tax law perspective, moving to Malta makes sense because on the one hand doing so would create sufficient substance in Malta and on the other hand because one can then show a compelling reason for forming a company in Malta in the first place, as one is simply creating a company where one lives. Furthermore, with the right structure, it’s also possible to profit from a personal tax perspective, in other words not just to optimize the company’s tax profile but to optimize one’s own personal income situation, as well.
Relocation to Malta: Life and Residency Must Be Located in Malta
Residency must be established in Malta as the “center point” of one’s life. It’s not necessary to spend 183 days a year in Malta to qualify as a resident. Similar to certain other European countries, it is sufficient to have your own furnished and livable apartment and to have regular stays in the country. Be aware, however, that anyone seeking to move Malta that way must not only follow the Maltese residency rules but must also comply with residency laws in one’s own jurisdiction, as well.
No Foreign Residency after Relocation to Malta
One may not acquire or maintain any permanent and/or habitual residence outside of Malta. Specifically, that means no furnished, livable apartment, no regular stays, no car, no insurances, no bank accounts, etc., outside of Malta. The move to Malta must take place for a continuous unspecified time. Different factors may trigger a determination of residency or domicile outside of Malta. It is therefore important to be able to exclude a non-Maltese residence based on applicable laws and regulations. In case of any doubt, consult with a local tax advisor in regard to whether a residency would be triggered and which factors in your home jurisdiction would trigger a residency determination. We will be happy to advise you in regard to the internationally applicable principles.
Moving to Malta for Relocation Purposes Can Become Complex
A move can lead to complex issues, especially from a tax law perspective. At the outset, the current situation must be thoroughly analyzed to avoid overseeing any applicable duties that might lead to a tax trap. Dr. Werner & Partner can advise and inform you in regard to some of the most important related issues such as, exit taxation, limited or unlimited extended tax liability and the effects of the Fourth Anti-Money-Laundering Directive, as well as the OECD’s Recommended Actions against BEPS and their implementation, such as (among others) the EU Anti Avoidance Directive and the Multilateral Convention (as of June 2017), to name just a few.
Anyone who moves to Malta permanently and with no intention to return can, however, legally and sustainably profit from all of the advantages of doing so. The following includes a list of typical services included as part of our Relocation Services:
- Structural advice
- Provision of basic know how
- Analysis Malta (including factors)
- Analysis abroad (excluding factors)
- Establishment of a sole COVI (Centre of Vital Interests)
- Ongoing Monitoring
- Ongoing Maintenance
- Peace of Mind Road Map
- Exit Strategy Germany
- Intro Strategy Malta
- Establishment of residency Malta
- Assistance with flat rental
- Arrangement of Viewings
- Negotiation with estate agents
- Negotiation with landlord
- Registration as employer (PE Number)
- Private Landline Malta
- Private Mobile Line Malta
- Contract of employment
- Registration as Employer
- Registration as Employee
- Social Security Number
- EU Health Insurance (Public)
- Private Health Insurance
- Advise on the Maltese Health System
- Registration for private clubs
- Maltese ID Card
- Application Visit
- PickUp Visit
- Private Bank Account Malta
- Private Bank Account Offshore
- Landesbank Liechtenstein
- ABN AMRO
- Germany Embassy Passport Visit
CAN I JUST GO AHEAD AND MAKE AN APPOINTMENT?
ARE DR. WERNER & PARTNER REALLY LOCATED IN MALTA?
Yes, our law offices are located in Sliema and currently employee 14 staff members.
IS DR. WERNER REALLY A GERMAN ATTORNEY IN MALTA?
Yes, Dr. Werner is a German lawyer who is admitted in Germany and registered in Malta to provide legal services there.
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.
CAN YOU GIVE ME A TIP THEN?
This is an important step in life. Take it fully. Live your new life exactly the way you are claiming to live it.
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