We have been moving families and business people to Malta since the 1960’s. When it comes to relocating your company to Malta, and any employees as part of your project, there are many things you have to take into consideration.
Relocating your company and staff to Malta
This blog has been written in association with our friends at the Welcome Center Malta, who can help you get your business set up and provide you with links to the industry leaders for corporate services, specialising in Tax Advice, Banking, Commercial Property, Data Protection and much more.
Starting a Business
Learn about company formation in Malta and discover which is the best option for you. The experts at Welcome Center Malta strive to assist you in registering and opening your company in Malta.
The Malta Tax System & Benefits
Malta has a competitive jurisdiction for tax planning and corporate structures and one of the advantages is the full imputation system. A company incorporated in Malta is chargeable to tax here as well and would be subject to tax on chargeable income arising in Malta, chargeable income arising outside Malta (if the income is received in or remitted to Malta) and chargeable gains realized in Malta (such gains realized outside Malta are exempt even if received in Malta).
There is a flat rate of 35% company tax but Malta operates a full imputation system. This means the overall effective tax rate for companies incorporated in Malta is 5%. Malta also has double taxation relief available domestically such as treaty relief, unilateral relief and flat rate foreign tax credit. Combining the tax relief mechanisms and the full imputation system the tax rate will typically be reduced from 35% to between 0% and 6.25%.
– Corporate services – https://www.welcome-center-malta.com/business-in-malta/corporate-services/
– Company formation in Malta – https://www.welcome-center-malta.com/company-formation-in-malta-available-legal-forms-requirements/
Finding a Rental Property or Buying a Home in Malta
When it comes to finding the right property in Malta, whether you are seeking to buy or rent, the prices tend to vary quite a lot depending on the location, landlord and style. To facilitate this process, Welcome Center Malta’s portfolio gives you an insight to some of the finest properties on the island.
You are likely to be required to sign a contract for a lease to protect the owner and the tenant. It will define the terms of the rental – including rental rates, the length of the rental period, and allowances for repair. Your relocation consultant will help you to manage this process.
If your rental requires any repair or maintenance while you reside there, contact the owner or the leasing agent – depending on what your contract states – before attempting to do any of the work yourself.
To secure a rental property, you will need to pay a deposit which will be returned after the contract has expired, you have moved out, cleared your utility bills and a check-out inspection identifies no dilapidations or damages that need to be repaid.
One month before your contract is due to expire, contact your agent or owner and let them know whether you would like to extend your contract or plan to move out before the last day. This will give them plenty of time to be sure the apartment is available for you or to find another tenant.
To reserve a rental property for a short-term stay, a deposit of 25 percent is generally given, with another 25 percent paid a few weeks before arrival.
– Property in Malta – https://www.welcome-center-malta.com/your-guide-to-find-property-in-malta/
There is a range of options for local schools, however Maltese is the language is the prevalent language lessons are held in.
International schooling options
Verdala International School is located in Fort Pembroke, twenty minutes from Valletta. It serves students from preschool through grade 12. There are many extracurricular activities. Verdala offers the International Baccalaureate (IB) program to its high school students. Expatriates generally send their children to Verdala, or to one of the private and state run schools with a British curriculum, as opposed to the local schools where classes may be taught in Maltese.
Moving and customs information for household good removals
Below is a list of the documents you will need when planning an international removal to Malta:
- Original Passport (Of the individual moving/importing the goods)
- Valued moving inventory for Maltese Customs
- Removal packing list – We will complete this if you want us to undertake a full packing service for your removal
- Original Bill of Lading (OBL) / Express Release / Air Waybill (AWB) – We will take care of this if completing the entire international removal to Malta for you.
- Letter of Employment from origin
Fine Art Moving
A surprisingly large number of people moving to Malta have their own fine art collections. The climate and sunlight can take their toll on works of art. Make sure that you source a verified fine art moving specialist who can advise and provide the necessary expertise to provide museum grade cases, transportation and customs clearing.
This is another huge industry on the island. Having ample advantages when sailing with a Maltese flag, attracts many yachting enthusiasts to Malta. Some of the services for yacht registration in Malta include, yacht certifications, review of documentation and company formation.
– Yacht registration in Malta – https://www.welcome-center-malta.com/business-in-malta/yacht-registration-in-malta-advantages-and-registration-options/
Whether you are on a business trip seeking concierge service or just wanting to truly spoil yourself while in Malta, look into the Luxury services offered by Welcome Center Malta. You can find tailored concierge and butler services, jet charter, yacht charters and exclusive car rentals.
– Concierge service – https://www.welcome-center-malta.com/luxury/concierge-service/