Malta has a most attractive tax residency scheme which is probably the most advantageous scheme available to persons wishing to change their tax residence. Moving your residence from a high-tax country to Malta could make you huge savings on your tax liabilities.

The shipping registry in Malta is acknowledged today to be the fifth largest registry in the world and one of the largest within the European Union. But until recently, Malta only registered ships and private yachts under the Maltese Flag and no provision was made for the registration of Commercial Yachts.

Early this year the Maltese Government introduced a system whereby yacht owners could register their yachts in Malta and pay 5% VAT on the market value of the yacht. Such yachts would be considered to be VAT-paid for EU purposes as soon as Malta joins the European Union on 1st May, 2004. The offer was valid until 31st March, 2004

Under Regulation 384 of 2003 of the Value Added Tax Act of Malta it is possible to register yachts under the Maltese flag with the added bonus of paying VAT at only 5%. Yacht owners who register their yachts in Malta prior to this date and pay VAT at 5% to the Malta government will be considered to be VAT-paid on Malta’s accession to the E.U. on May 1, 2004

The Maltese Government has just published Regulation 384 of 2003 under the Value Added Tax Act whereby, prior to Malta’s accession to the European Union in 2004, it will temporarily allow the registration of yachts under the Maltese flag with the added bonus of paying VAT at only 5%.

Malta has just amended the Trusts and Trustees Act (Chapter 331 of the Laws of Malta) to allow for the creation of trusts in Malta. This brief introduction to trusts in Malta relates to situations where the settlor and beneficiaries of the trust are non-resident in Malta or hold Permanent Residence Permits in Malta.

Malta has recently introduced regulations for the licensing of gaming companies running remote or online gambling operations. The licensing procedure is not expensive and coupled with the favourable taxation, this explains why major European gaming operators have moved their operations to Malta in recent months.</P> Malta is a member of the European Union since May 2004 and licences issued by the Malta Lotteries and Gaming Authority are valid and recognized throughout the 25 member states of t

Malta: Mediterranean weather, high standard of living, minimal taxation, no minimum residency requirement – the best option world-wide for establishing your residence

Malta’s economic policy is quite simply to create wealth and to have wealth permeate all levels of society – real wealth, generated from profitable commercial activities. Making the country richer means ensuring that it has an attractive business environment that encourages and rewards local and international investors.

The international environment for captives has changed. Corporate insurance buyers are facing higher primary premiums and related taxes, higher reinsurance prices, lower policy limits and less cover. In the captive sector, major corporations are also finding problems to make fronting arrangements with insurance companies as a result of which they are forced to make strategic choices.

Not many UK citizens who are in receipt of a pension in the UK know that in terms of the Double Taxation Relief (Taxes on Income) (United Kingdom of Great Britain and Northern Ireland) Order, 1995 (Articles 18 and 19(2)), UK citizens who take up residence in Malta can have their pensions remitted to them in Malta free of any UK income tax.

The Republic of Malta consists of three islands, Malta , Gozo and Comino. They are situated in the center of the Mediterranean Sea , just 80 kilometers off the southern coast of Sicily , Italy . The climate is typically Mediterranean with mild winters, pleasant spring and autumn seasons and hot summers.

The Maltese VAT Department has just published a guideline about the taxation of yachts which are lease-purchased to third parties by a Maltese International Trading Company (herein called an ITC). For the purposes of these guidelines, a lease-purchase is seen as a situation whereby a Maltese company purchases a yacht and leases it to a third party with an option in favour of the third party to purchase the boat at a reduced price at the end of the lease.