Whether you are planning on relocating your business to Malta
by means of redomiciliation of your company, or by incorporating a
new company in Malta we can offer you a holistic service,
consisting of not only of company incorporation, accounting,
auditing and taxation services, but also help you in identifying
the ideal business location for your premises.
Through our partners, Sapphire Real Estate, a leading Estate agency
specialising in property aimed at foreigners wishing to invest in both
residential and / or commercial property in Malta we can ensure that our
clients get a choice of the most suitable property for their needs.
We also offer management of both office and residential
accommodation in Malta on your behalf irrespective of the size of
the property.
For companies with a smaller set up, we offer a full bureau
service at very reasonable rates. This can include any or all of
the following services:
- Use of registered address
- Secretarial services
- Dedicated phone lines (including automated call forwarding)
- Directorship services
- Use of office space
These are just some of the reasons why an increasing number of
foreigners are making the Maltese Islands their permanent home:
- A pleasant climate
- Warm hospitality
- A peaceful way of life
- A rich cultural and historical heritage
- A Permanent Residence Scheme which offers a number of incentives to foreigners interested in settling in Malta
Concessions that this scheme can offer you:
- A flat rate of 15% is charged on all income (less tax rebates as applicable) received in, or remitted to Malta from either local or foreign sources. This is subject to a minimum payment of Lm 1,800 per annum. (Lm 1 = approximately US $ 2.50 or Euro 2.40)
- Your used household and personal effects, furniture and other domestic articles (excluding firearms and weapons of all kinds) may be imported free of duty if imported within six months of your arrival in Malta. In such cases import licences are not required.
- One private motor-vehicle may be imported free of duty
- If you are married, you and your spouse will only be able to import one car between you on these terms. Customs duty will become payable on the value of the vehicle as assessed by the Customs Department, at the time it is transferred to a non-entitled person. A first registration fee is payable according to the vehicle’s horsepower.
- Repatriation of your capital and income
The application for a Permanent Residence Permit must be supported by the
following documents:
- A certificate from your bankers (or as applicable) showing either (i) that you have an annual income equivalent to Lm 10,000 or (ii) capital equivalent to Lm 150,000. It must also certify that you will be able to import into Malta a minimum annual income of Lm 6,000 plus Lm 1,000 for each dependent.
- Conduct Certificate (Very very important as most delays in the issuing of the permit are held up because of the lack of this certificate). Persons applying for a residence permit should produce conduct certificates from the Police Authorities of any country were they have resided. Such certificate/s should indicate whether they ever had any criminal convictions or whether they have any ongoing criminal proceedings. The persons concerned should also make a declaration on oath before a Commissioner for Oaths attesting whether they ever had any criminal convictions or whether they have any ongoing criminal proceedings.
- A copy of the marriage certificate is required in the case of a married couple, a married woman who is applying on her own behalf, a divorced woman, or a widow. Otherwise full birth certificates should be submitted.
- Three passport-size photographs of each person whose name appears on the application form.
- A copy of either the deed of purchase or th lease/rent agreement if you own or rent/lease property in Malta.
| 11.07.2009 | |