Planning to settle in Malta? Here are some tax benefits to consider before moving.
Malta ranks as the top fiscally attractive destination for expatriates in a report published by Bradley Hackford firm. The country is followed by Antigua and Barbuda, the United Kingdom, Andorra, Portugal, Mauritius, Bahamas, Monaco, Bulgaria and the United Arab Emirates, especially Dubai.
This annual ranking takes into account several criteria, namely, the tax burden on individuals in the assessed countries, the quality of life, the country's legal and physical security issues, its geographical location, accessibility, centers interest, the quality of investment programs, etc.
Malta is especially preferred thanks to the “non-dom resident” allowing expatriates to pay tax only on their income from local sources. Foreign income, for their part, are exempted from tax if not repatriated to Malta. Moreover, the country has developed several residency programs allowing expatriates to obtain citizenship by investment.
European nationals have to be economically independent to qualify for becoming residents. Non-European nationals, for their part, are required to invest in the country.
Find out more here: www.bradleyhackford.com