Establishing a Malta based company can enable you to reap the many benefits that our country offers to non-residents who choose to incorporate their company into Malta. The following are the key benefits that Malta can contribute to such companies. There is no holding tax on the payment of profits, interest, or royalties. There is no transfer of control or pricing rules to a foreign company. You also need to know Malta Company Registry requirements.
There are no thin investment rules. There is no external tax, wealth tax, payroll tax, or commercial tax. Malta has a complete corporate taxation system, so any income tax paid by a Maltese company is fully enforced on its shareholders, or the company’s profits are deducted, which makes it financially double. Benefit from full tax relief. Although Malta’s current standard tax rate is 35% of the company’s compensatory income, there are corporate profits. Its share is 5/7, 6/7, or 7/7 paid by the company. Will be entitled to a tax refund. 7th, depending on the source of the company’s revenue, usually results in a reasonable net tax rate of about 10%, 5%, or 0%.
Good to Know
Such refund may be reduced if the double tax deduction is claimed on the income and given within three weeks after the day the refund is due. A company can be set up in Malta with a minimum share capital of 1,165 euros, of which 20% must be paid. This means that the minimum share capital required to join a company in Malta is Euro 245. The minimum registration fee required is EUR 240 with a minimum annual payment of EUR 100, with a small price to pay for a company to join.
The distinguished jurisdictional company is also a member of the European Union. Malta companies conducting international activities are exempt from duty on documents, which effectively means that the transfer of company shares and increased share capital is exempt from duty. Malta has signed more than 50 double taxation agreements, the latest being the Malta Russian Double Taxation Agreement, which should come into force early next year. If the company’s assets do not include immovable property in Malta, then capital gains tax is levied by non-residents on the transfer of shares and increased share capital.
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