As an EU Member State, Malta offers you EU-compliant, low effective tax rates, a very professional and stable services infrastructure and a respected reputation.
The Republic of Malta is an island situated in Southern Europe. It comprises several islands on the Mediterranean Sea, about 80 km south of Sicily, with a population of around 416,000. The capital of Malta is Valletta and is effectively the smallest national capital in the European Union. Maltese and English are the official languages.
Main benefits of a Malta IBC:
- Flexible corporate tax
Companies are chargeable to tax in Malta at a rate of 35% (no tax is levied at the provincial or municipal levels). However, the application of the participation exemption, full imputation system and refund system typically result in an effective Malta tax rate of approximately 0% to 5%
- Guaranteed confidentiality and protection
Under the Professional Secrecy Act, professional practitioners are bound by a high standard of confidentiality as established by the aforementioned act. These practitioners include advocates, notaries, accountants, auditors, trustees and officers of nominee companies and licensed nominees, amongst others. Section 257 of the Maltese Criminal Code stipulates that professionals who disclose professional secrets may be liable to a maximum fine of € 46,587.47 and/or a 2 year prison sentence.
Large amount of DTAs
Malta concluded more than 65 Double Taxation Agreements, which are signed in order to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes.