The subject of CIV’s has drawn many questions in Malta and other EU member states. The issue lies with a lack of clarity on taxation and reimbursements as far as tax agreements are concerned. A thin line would have to be drawn between the funds and investors in order to deal with the criteria objectively.
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.
The business environment in Malta is one that has been marked by change and diversification. Malta has expanded from being an agrarian-centric economy into, engineering, pharmaceuticals, hospitality, healthcare, aviation, maritime, electronics, and logistics. This has attracted a vast number of investors from all walks of life.
Malta is one of the most technologically savvy countries and is popular for its quick grasp on new technologies as well as implementation. It's also one of the few countries with smart cities. Being such a progressive country, Malta has attracted many IT investors from around the world and it's one of the best destinations for setting up a virtual office.
A European Societas (SE) is an organization created in Europe to promote business by giving other companies a chance to function in the region with limited restrictions that could exist in their parent countries. Malta has contributed by providing a regulation that enables a SE to be established in the state. The presence of SE in the state has a positive effect as it amplifies business possibilities and gives a better footing for big business deals. On the other hand, companies in search of a type of incorporation in either of the member states controlled by EU could find it valuable since it is managed on a narrow set of guidelines run by an integrated management system.
