Definitive solution to work as a Self Sufficient Malta

[ElBotellon]

Is Malta issuing a tax residence certificate to the company? I am⁠ asking this because many DTA exclude companies which are taxed only for the income produced⁤ locally. In this case they tax only remitted income so not sure if it still⁣ stays inside the DTA.
In theory this structure should work also with a non-resident UK⁢ company having tax residence in Malta according to HMRC guidelines.
Correct?

 

[lmd95]

Hi, immensely interested in hearing about this. Would you mind to share the professionals’ details⁢ and/or some more info about the setup ?
Thanks so much in advance, have a︀ great day

 

[lonizzita]

i am interested please can you pm

 

[MarkusCostigan]

As I read, From 2023 Cyprus non resident companies will no longer be allowed (????).‌

But apart this, how do you get VAT with this type of company (non resident‍ - zero substance) ?

 

[uplana]

Someone know, I believe it is‍ not possible?

 

[lmd95]

Hi sir, any updates please ? You didn’t follow up with my pm request. My⁢ best regards

 

[CyprusLawyer101]

I am sorry I must have misplaced it‍

 

[CyprusLawyer101]

It is‌ possible if you know what you are doing with the VAT registration part

 

[oldtimer2]

Just remember… Malta‍ might well ask you to disclose every aspect of your international structure to them -⁠ including the beneficial ownership details for every level in the structure. They introduced this fact⁤ gathering process as part of getting off the FATF grey list. Serious problems apparently for⁣ failing to supply such data quickly when requested. Some company formation advisors no longer recommend⁢ any nominees for Malta companies or for structures that include a Malta company… and will︀ no longer supply them. Forget privacy re intergovernmental reporting with any Malta company.

 

[Marzio]

Merry Christmas and happy new taxes from OECD

 

[CyprusLawyer101]

Yes ,its

Yes, thats the impression i am getting.︀ The owner of the company should be based in Malta as a non dom and︁ be the director. Otherwise, enough aubatance requirements would be necessary and I am not aure︂ the leve to which this would bring safe results in Malta

 

[ImKing]

very good and accurate information, thank you.

 

[ScandientrepreneurMT]

Please send me more information about this setup! Thanks 🙂

 

[Marzio]

@CyprusLawyer101 there are a lot of request for this structure, why don't you create a‌ specific thread talking about how you did it? At the end you could offer your‍ help to implement it.

 

[ilpablo]

Hi @CyprusLawyer101 I'm very interested about this. Can you please reach out to me?

I talked with the Maltese accountant who has written the post about this.

They said I‌ still need the foreign holding, but honestly I don't understand why.

I'm trying to solve‍ this puzzle but it's really such a headache.

The local accountants are saying different things⁠ about this and the government has not yet confirmed they understand the structure

 

[CyprusLawyer101]

Hello,
I will send you a PM to discuss if you would⁣ qualify.

 

[ilpablo]

Perfect, thanks

 

[MarkusCostigan]

So are you talking about using a Cypriot non-resident company managed by a Maltese non-dom‌ administrator so you configure a non-domiciled company and pay 0% if you don't remit to‍ Malta?

Damn.
I swear it's not aggressive tax planning.

 

[Marzio]

Just a little 😛

 

[ilpablo]

@Marzio Should the Cypriot company have substance‌ in Cyprus or doesn't matter since it's considered resident but not domiciled in Malta?

Also I mean it should be exactly a Cypriot company right? It can be any foreign‍ company, such as UK Ltd or Romanian SRL, or whatever doesn't have a transparent imputation⁠ on the shareholders right?