Should You Establish Tax Residency in Malta?
If you are a resident for Maltese income tax purposes but non-domiciled, you are only subject to taxation on income and capital gains arising in Malta. Capital gains arising outside Malta do not count as taxable income. This includes foreign pensions, thanks to the Malta Retirement Programme.
Where the Malta Residence Programme is aimed at EU nationals, the Malta Global Residence Programme accepts applications from non-EU nationals. They both provide a gateway to the Maltese tax system for non-domiciled residents, where no tax is paid on foreign income remitted to Malta.
Double tax relief is available thanks to double tax treaties between Malta and different countries. These tax treaties ensure you don’t pay twice the amount of tax on the same income.
With several residency programs, a digital nomad visa, a business-friendly environment, a tax-friendly regime, and excellent living conditions, Malta is among the best EU countries for second residency or even citizenship.
Interested in accessing the European market through a tax-friendly, high-standard base like Malta? Reach out to us, and we will help you do just that.
Malta Tax Residency for Nomads and Non-Doms FAQ
How Do I Become a Maltese Tax Resident?
You become a Maltese tax resident by default if you are physically present in Malta for more than 183 days a year.
Is it Easy to Get a Nomad Visa in Malta?
The Maltese digital nomad visa process is streamlined and entirely online. Eligibility criteria laid down by the Maltese government include a monthly income of at least €2,700. An additional stipulation is a private health insurance policy.
Source link : https://nomadcapitalist.com/finance/legal-tax-reduction/maltas-tax-residency-schemes/
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Publish date : 2023-05-30 07:03:30
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