After all, the best solution as non dom maltese resident is to open a company in Malta, enjoy the 5% corporate tax, open both personal and corporate bank account outside Malta.
Residence in Malta, Company in Cyprus
- Thread starter MarkusCostigan
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No, because if you are non-dom resident, you need to use a foreign holding company which owns the trading company. The Holding company will request the tax refund.
This is why the Maltese structure is often expensive.
However, it seems that this system will change from 2025 (after years of perfect functioning pa##¤)
This is why the Maltese structure is often expensive.
However, it seems that this system will change from 2025 (after years of perfect functioning pa##¤)
Thanks for your quick reply! This: "Why not just form two companies in Malta and enjoy 5% corporate tax?" Would that be if I live in Malta and setup a holding/trading structure? 🙂
They're called fiscal units.
https://www.bdo.global/en-gb/micros...er-2020/malta-consolidated-income-tax-returns
That might not be the best article. There are many more out there.
You can do the same with a foreign holding company as well, but fiscal units are designed to promote placing the holding company in Malta to simplify the tax returns. The idea is you pay 35% corporate tax and some time later get 6/7 of it back for a net︀ burden of 5%. With a fiscal unit, you can go directly for 5%.
https://www.bdo.global/en-gb/micros...er-2020/malta-consolidated-income-tax-returns
That might not be the best article. There are many more out there.
You can do the same with a foreign holding company as well, but fiscal units are designed to promote placing the holding company in Malta to simplify the tax returns. The idea is you pay 35% corporate tax and some time later get 6/7 of it back for a net︀ burden of 5%. With a fiscal unit, you can go directly for 5%.
Thank you, I will look into that more! I am wondering how it can be combined with the remittance︀ based income scheme if possible/neccesary..
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