Malta has a citizen by investment program that has been in place since 2013. The program allows individuals who want to benefit from the privileges of being a Maltase citizen to acquire second citizenship in Malta under the grounds of investment.
The government of Malta has put in place a set of guidelines on the payment of VAT on leased Yachts. The regulations apply when a company registered in Malta buys a Yacht and decides to lease it to a third party. This system was put in place to help the owners of these luxury vessels to pay their VAT. The VAT payable is calculated from the proportion of time the yatch is supposed to navigate in the EU territory. It also enables them to acquire a certificate cleared of VAT arrears at end of the arrangement.
Malta is becoming one of the most preferred destinations for investors and expatriates from around the world. This is owed to its stunning climate, attractive business opportunities among other reasons. Like any other country, the Maltese government has put in place a number of laws and regulations to control the immigration and the acquisition of citizenship in the country. The Maltese Citizenship Act was established for the purpose of individuals in need of citizenship in Malta.
Malta has a well-evolved financial sector which has contributed to its robust economy over the years. This modernized financial technology business sector, is a product of the country’s proficient labor force and cutting edge IT systems. There has been a tremendous growth of the financial business since its birth in 2010 evidenced by a remarkable growth of 67% in only six years! The first quarter of 2016, marked a staggering 5.3 billion dollars’ worth of the Maltese financial technology businesses.
The Maltese government does not impose any restrictions in regards to the incorporation of offshore companies in the state. Maltese offshore companies are registered companies which operate in Malta but are run by foreign stakeholders. Setting up an offshore company in Malta comes with special benefits, such as lower tax rates as compared to that charged in their native states.
For any investors contemplating expanding into a new market, the pros and cons of establishing a branch or foreign subsidiary will depend on the business benefits as well as the economical and regulatory environment of that particular country. Opening a subsidiary in a foreign land can bring substantial results, such as the expansion of your brand recognition, opening access to new markets and utilizing efficient production processes to manage expenses.
