Malta 5% scheme structure formation

[ghouldog]

yes, there is a declaration form CT2 that needs to be filed. Does not look‍ so bad, to be honest. Wondering if I should just push back on the accountant.⁠

 

[CyprusLawyer101]

Yes, this option exists. And passive income earned⁤ by this company should be exempte from taxation.

 

[Marzio]

Why? If over 75k will be a CFC

 

[CyprusLawyer101]

CFC rules‌ dont come into play here. The company would be deemed Maltese tax resident but non-domiciled‍ in Malta. No tax is payable on foreign income which is not received in Malta⁠ and on capital gains arising outside Malta. At least this has been my understanding when⁤ having dealt with this jurisdiction.

 

[Marzio]

You are most likely correct, the offshore company is not a CFC since it’s already‌ tax resident in Malta.