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Malta vs Cyprus vs Estonia vs UAE paired with NHR

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will the offshore company⁢ need to have offices and economic substance in that country? otherwise risk it becoming a︀ Maltese resident company?

if one withdraws dividends from an offshore account to a non-Maltese personal︁ account, will he only have to pay 5k? or will he have to pay additional︂ taxes in Malta?
 
The goal here‍ is exactly to make the offshore company tax resident in Malta.

If you don't remit money to Malt then you'll only pay 5K.
 
But, will then the offshore company have to pay CIT in Malta?
Pay 5k⁠ for what (please provide more details or articles)?
Thanks
 
Of course‌ it can be more than that, if you remit money to Malta you'll pay taxes‍ on it.

5K is just a flat tax if you earn more than 35K, it's⁠ the baseline.
 
For a single person 35k/year could be enough to live on Malta for a year‌ (5k for that tax, 15k for apartment and bills, and 15k for all other expenses)‍ but for a a couple or a family that won't be enough so they will⁠ end up paying more tax.

What's the tax rate there?
 
But this is not the point.

You pay 5K‍ if you earned 35K outside Malta.

If you earned 1Mln you still pay 5K

Then it comes the remittance part.

How much of that income will you remit to Malta?⁠

The biggest expense is rent but after that you could use a foreign card to⁤ pay for everything else so even if using the foreign card is technically remittance, how⁣ will they know?

https://taxsummaries.pwc.com/malta/individual/taxes-on-personal-income
 
In those remittance schemes where you are⁠ taxed only on the income you remit to the country (also UK non-dom is interesting)⁤ is it better to do expenses with a foreign business company card or a personal⁣ card of a foreign bank account? Do you have CFC rules? Namely have a company⁢ offshore let's say in tax heaven like the BVI be a problem with those schemes︀ (clearly keeping the money in the company without remitting them to yourselves or only a︁ small portion)?
 
You came down to the point. If you‍ only do 40 - 100K euro a year you should just stay where you are⁠ unless the country is appealing for you to relocate to. But if you make a⁤ lot of Money the math made above is saying more than a hundred words.
 
I tend to keep business expenses separated from personal expenses but that's⁤ a personal preference.

If you use a US LLC card to pay for groceries in⁣ Malta i don't think somebody would care.

It's not a foreign company, it's a Maltese resident company.

It's Malta that⁢ decided that company that are resident because managed from Malta but NOT DOMICILED because are︀ not incorporated in Malta only pay taxes on the income remitted to Malta.
 
Only Malta.

If you‌ do the same in UK the foreign company resident in UK will attract UK taxation.‍

Uk non-dom works only for individuals that are not actively managing a company and those⁠ individuals aren't considered UK residents for DTT purposes.
 
I heard it's common in Malta to⁠ be able to pay ie rent etc from your foreign account to ie their Wise⁤ or Revolut account, thus not remitting anything, but having the landlord bring it into Malta⁣ - which has no negative effect on them as they only pay tax on the⁢ rent either way.
 
I would still remit a little more than personal allowance which⁠ for a single person is something like 9K and pay very minimal taxes just to⁤ prove that i'm doing things by the book.

Not remitting anything is not credible.
 
Understood.
Does remitted means⁣ transferred from your business account to Maltese personal bank account in form of dividends or⁢ salaries?
Or even from your personal account abroad to your Maltese bank account (just transferring︀ your own money to Malta)?
Using a foreign issued card is an option but I︁ guess you shouldn't "over do it" 😀

Will this work with Dubai Free Zone company︅ as well?

So, in Malta it can also work for persons actively managing a company (director/ubo) ?︈

I would never think of that LOL

Clearly you should remit at least 45-50k/year.
I've taken a look at that PWC page and not sure how to figure this out.‌
So for the first 35k you pay 5k. How much you would pay for next‍ 10k?
 
Any money transferred to a Maltese bank account is the main form of remittance.

Other forms of remittance like withdrawal from foreign bank account using ATM in Malta and paying⁣ with foreign card are more difficult to track.

I don't know why would anybody would︀ do that since a freezone is already tax free.

Yes, it works if management is done from Malta.

There's no obligation to do that but if your lifestyle︃ requires 50K / year then yes
 
Makes sense.⁠
But just wanted to double check

In case you⁣ don't want to live in UAE and be closer to Europe, and still have a⁢ legal way of not paying crazy amount of taxes.

How will this be determined if you︁ work online?

Let's say you do.
How much taxes︃ will you pay on extra 10k?

This article is nicely written (easy to understand):
https://www.relocateandsave.org/en/malta-tax-residence/
This is very interesting:
So on arrival you could move larger chunk of︇ money and later import just 35k year and pay 5k/year and that's it.
 
if one works online and I am the sole director (I have no offices⁣ and employees) of an LLC Delaware or with a NEVIS.

Again will everything be tax⁢ free if I don't remit anything to Malta?
 
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