Malta

About

The Republic of Malta is located in southern Europe and consists of several islands. It is situated centrally in the Mediterranean, 93 km south of Sicily and 288 km east of Tunisi. Malta covers just over 316 sqkm in land area, making it one of the world’s smallest and most densely populated countries (about 300,000 inhabitants). Its capital is Valletta. The country has two official languages, Maltese and English, with Maltese being considered the national language. Malta gained independence from the United Kingdom in 1964 and became a republic in 1974, whilst retaining membership in the Commonwealth of Nations. It is a member of the United Nations (since 1964) and a member of the European Union (since 2004), party of the Schengen Agreement and member of the Euro zone. You can find more information here.

Main Advantages

Favorable tax regime with a 15% flat rate on income remitted to Malta from foreign source
Travel to all Schengen States without Visa
Comprehensive tax treaty network
De legge there is no required legal minimum presence necessary. We recommend however to not stay more than 183 days/year in another jurisdiction
Favourable geographic location, popular tourist destination, English is official language

Taxation

There is a minimum tax liability. For EU/EEA/Swiss citizens the minimum liability is 25.000USD; for all others 31.000USD
Income tax: 15% on any income remitted to Malta from foreign source; 35% on any income arrising from Malta
Capital gain tax: Flat rate of 12% with some exceptions
Inheritance / Gift tax: None
Wealth / Net Worth Tax: None

Cost of Living

Valetta, Malta is currently ranked 225 out of 780 places for cost of living. The rent of a 1BR appartment can be 25.000USD/year and purchase prices starting at 600.000USD. For more details click here.

Requirements

Income of at least 25.000€ or capital assests in excess over 375.000€
Real estate investment or subscription to a tenancy agreements
Annual tax filings