Search results

Not really since the majority of it in the 10k is stuff you would need to pay everywhere else too. E.g. your company + accounting + maybe holding on cyprus is not g oing to be any cheaper. Quite the opposite probably more expensive for the single items.

It is called the expat tax since well it pretty much is geared to press at least the 5k of yearly tax out of non-doms which otherwise would not have to pay anything since you can also live on Malta from your previous savings + something that many dont know: - after 6 months (better 1-2 years)...

AN ACT enacted by the Parliament of Malta. AN ACT to implement Budget Measures for the financial year 2018 and other administrative measures. (d) immediately after sub-article (26) thereof, there shall be added the following new sub-article: "(27) Any individual who during any year preceding...

Malta usually beats all others at 100k+ -profits- a year. As for minimum wage no you dont need to do that. The 5K expat tax pretty much takes care of everything and also means you dont even need to disclose your world wide earnings / holdings. It is a law that if you earn more than 35k (i...

IB does indeed now crack down on EMIs harder. If you have funded your IB through an EMI and plan to withdraw to one because your company does not have a real bank account you should do so now and be prepared to put pressure on compliance. They are not accepting withdrawals to Revolut /...

The CFC rules are watered down even more by the fact that they only apply if it results in less tax paid, they only work in one direction and you are getting 35% tax credits on dividends anyways which would offset local maltese taxes. Also they get further erased by the remittance system. As...

if they look into you in any way they will ask cyprus might also be interesting for some people because of its size, banking etc. it is definitly more expensive but still well within limits.

calculation for yourself is simple: 5% + 10k (upkeep active + holding ltd + bookkeeping + audits etc) + 5k yearly expat tax

it is much cheaper if you have at least the baseline profits you should have for anything like this

Yes then German IRS stepped into the room... Its not quite as easy but yes that is the general theme. The problem here is what "ties" are and what your tax agents thinks they are. I agree with you btw that if you do not have that proper tax residency including the days etc then Germany would...

we are talking 183+ days, local company, only residence etc in the other country here not simply renting an appartment somwhere and no germany does not consider you tax resident if you really leave the country. only thing up for discussion there is which little details throw a wrench in that "leave"

No that would be tax credit system like the US usually uses.

Calculate about 10k for a Malta Ltd + Gib/Cyp holding including some book keeping, virtual offices, filing fees, audits and so on.

Overwriting the home country IRS especially in Germany sounds so simple with the DTA. If i look at the Germany-Malta DTA the article 4 would be: " 2. Where by reason of the provisions of paragraph 1 an indi-vidual is a resident of both Contracting States, then his statusshall be determined as...

Btw you can have kids but you cannot be married usually. Kids are excluded from the tie calculation but if you are still married to someone from your home country thats already game over no matter what your situation is.

You can indeed pay twice (also twice in full btw - many German LLC owners found that out the hard way as Germany would not accept their definition of a corporation). Usually this will be with countries like the US that have world wide income taxation per default no matter where your residency...

PS: Bitwala also easily accepts non-residents (not sure about non-EU) so might be good option for some looking for a real bank account in the EU.

Bitwala offers Crypto/Card/IBAN etc backed by the bank license of Solaris bank with deposit insurance and all the stuff. Now since Revolut/Transferwise etc will usually block your account if you do any transfers to/from a known crypto exchange/emi/whatever could one simply use Bitwala as a...

you should still be able to receive a tax certificate. how / how much things are then being taxed is only relevant in certain cases. e.g. Germany has provisions for moving into a country where the tax is lower than a certain percentage of the tax you would have paid in Germany but those are...

Something that would be interesting to know in connection to the DTTs and this whole topic: 1) If they consider you still tax resident e.g. in Germany how will they consider your e.g. Maltese company and its profits? 2) Gets even more tricky with holding in one of the usual places like...