Malta News

According to the Maltese legislature, people with dual citizenship, that is people who hold citizenship in Malta and another country—they  have a right to reject their Maltese citizenship. This, however, should be done in accordance with the procedure set by the law. The subject has to declare his/her refutation and wait for approval from the Minister to register that proclamation. The Minister has the power to decline the declaration under the circumstances that Malta is at war or when the move contradicts policy.

Britain’s exit from the EU overshadowed a cloud of uncertainty over the future of many businesses and companies in several European states. This monumental event disrupted many business operations. While and Maltese businesses weren't an exception, their future is better promising compared to other EU countries. As you scout for potential relocation sites, Malta undoubtedly occupies the top of the options list. 
 

The Maltese government does not restrict the purchase of property in Malta as long as all requirements of property acquisition permits and licenses are followed accordingly. As a general rule, the properties acquired should not be used for rentals or modified into other structures—they should be solely used for residency. Besides family, guests may be allowed to live there only when the landlord is available.

One of Malta’s most recent double tax treaties is with Ukraine. The treaty came into effect on the 28th of August, adding on to Malta’s vast network of double taxation agreements. To date, Malta holds over seventy double tax agreements with various countries and jurisdictions from around the world.
 

Double taxation often crops up for companies doing business internationally and can be such a headache to the modern business world. Maltese citizens contemplating of doing business in Switzerland and Swiss citizens who want to do business in Malta vice versa will be relieved to know of the June 2012 standing treaty that prevents double taxation for legal entities carrying out taxable activities in either of the two states.

Although Malta and Russia have a long history of bilateral relations, they did not conclude a double taxation agreement until the 24th of April 2014. The treaty was signed in an effort to avoid double taxation as well as to prevent fiscal evasion in regards to taxes on capital and income charged on companies conducting business in the two countries. It came into effect on the 22nd of May 2014.