Malta Gambling offshore, do i need to form a company

[artvandelay555]

Im a sports bettor looking to relocate to Malta 1-2 years in the upcoming few months and would like to have more clarity about the nom dom program

As a sports bettor i will bet mostly trough betting partners (bookmakers restrict winners so after a while you have to use betting partners) in tax free gambling jurisdictions Bookmakers like Australia and Central America and i wont need to use any maltese entity and bank


My questions are

1 Is it tax free and tax free risk to do this without forming a maltese company.I would only be using offshore entinties ,partners and banks

2 If the answer in 1 is negative do you you think i would be able to create a maltese comany with such a high risk venture

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[Martin Everson]

artvandelay555 said:
My questions are

1 Is it tax free and tax free risk to do this without forming a maltese company.I would only be using offshore entinties ,partners and banks

2 If the answer in 1 is negative do you you think i would be able to create a maltese comany with such a high risk venture
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The money is tax free as long as you don't remit it to Malta. You don't need a company.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[artvandelay555]

Ok and do i need to pay taxes on the money i use for luxury rental and day to day expenses with advcash and wise ?

Im assuming i should also have my bets and partnerships with full due diligence in regards accounting/contracts in case they ask questions later

 

[Martin Everson]

artvandelay555 said:
Ok and do i need to pay taxes on the money i use for luxury rental and day to day expenses with advcash and wise ?
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Use where inside or outside Malta? If remitted to Malta then yes you pay taxes on it. Get an accountant in Malta and don't guess at this.

artvandelay555 said:
Im assuming i should also have my bets and partnerships with full due diligence in regards accounting/contracts in case they ask questions later
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Always keep paperwork.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[clemens]

Isn't it risky to dela with all of this as a person with personal liability?

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One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity