Relocate to Malta with Citizen Lane
Imagine a beautiful, sunny island, where not only can you enjoy a holiday ambiance all year round but also benefit from an attractive tax system. A perfect place to start a company and relax in a seaside restaurant after a day of work. Welcome to Malta, the gem of the Mediterranean. Malta has become a popular destination for entrepreneurs who are seeking to relocate to a beautiful country with a favorable business climate, great weather, and an affordable cost of living. What exactly makes this tiny island stand out as a desirable destination for businessmen and investors?
Tax paradise
One of the most significant advantages of relocating to Malta is its unique tax system. The country offers a highly favorable tax regime for both individuals and companies, making it an attractive destination for investors and entrepreneurs alike. Personal income tax rates in Malta are relatively low, with a maximum rate of 35%, and there are no wealth or inheritance taxes. Moreover, the country has a flat tax rate of 15% for both individuals and corporations, which is considerably lower than many other European countries. This makes it an ideal destination for international companies that are looking to establish a presence in the European Union while minimizing their tax liability.
Additionally, Malta has a number of tax refund schemes in place, which can further reduce a company's tax burden. In addition, Malta also offers tax refund schemes for international companies that operate in the country. The Maltese government has established these schemes to incentivize foreign investment, and they allow companies to benefit from a reduced corporate tax rate of just 5% on their taxable income. The Malta tax refund scheme for shareholders allows companies to claim back up to six-sevenths of the tax paid on dividends received from qualifying foreign participations. Similarly, the Malta Global Residence Program offers favorable tax rates to individuals who relocate to Malta and meet certain criteria, such as being a non-EU national or owning property in Malta.
Moreover, starting a company in Malta is also relatively straightforward, and the country offers a range of incentives for entrepreneurs. The process of registering a company in Malta is quick and the country has a highly efficient and streamlined business registration process. The government offers a range of incentives for entrepreneurs, including tax credits, grants, and low-interest loans, making it easier to start and grow a successful business.
Safe and convenient living
The island is known for its excellent safety record. Malta has a low crime rate, making it a safe place to live and work. The local population is friendly and welcoming, and the country has a strong sense of community and social cohesion. This makes it an excellent destination for families and expats who are seeking a safe and secure environment.
It is also worth noting that English is widely spoken. Malta has two official languages, Maltese and English, and most locals speak the latter fluently. This makes it easier for expats to integrate into the local community and conduct business, and it also makes it easier for tourists to explore the country without language barriers.
The Maltese islands offer an affordable cost of living, which is considerably lower than other European countries. Accommodation costs are relatively cheap, with a range of options, including apartments, houses, and villas. The cost of food and utilities is also lower than in other European countries, making it an attractive destination for those seeking an affordable lifestyle. The island boasts a Mediterranean climate, with mild winters and hot summers, making it an attractive destination for those who enjoy warm weather all year round. The country is known for its beautiful beaches, crystal-clear waters, and stunning landscapes, making it an ideal destination for outdoor activities such as hiking, swimming, and water sports.
Malta has a rich cultural heritage, with a range of museums, art galleries, and historic sites to explore. The locals celebrate a variety of festivals and traditions throughout the year, providing a unique and vibrant cultural experience for visitors and residents alike.
Effortless relocation with Citizen Lane
We are here to guide you through the process and help you understand all the formalities. Relocating your business and personal life is easier than you might think. Click here in order to discover our relocation programs to the gem of the Mediterranean.