Doubt about Self-sufficent In Malta

Member since 16 December 2017

maltadorMember31 January 2018 17:59:00

Hello guys!
A few weeks ago I've applied as Self-sufficient here in Malta.
What I would like to know is if with this kind of residence I'm allowed to open a Company in Malta.
I've consulted with a bunch of tax/accountant advisor. Some say yes...some says no. I don't really know what to do and who to listen...can you please guy clarify this?

Fionn Banned

Member since 04 January 2016

FionnBanned31 January 2018 18:25:56

165

As an EU citizen - Yes, you can.

volcane ViP

Member since 03 November 2015

volcaneViP31 January 2018 19:34:52

1098

I opened my companies before moving here, before having residency or a address here. Just get a competent accountant

maltador Member

Member since 16 December 2017

maltadorMember31 January 2018 22:01:30

Thanks for the reply guys. On the application, the Maltese card has the letter ending and from what I read here https://www.gov.mt/en/Services-And-Info … anies.aspx there is written

"EXCLUSIONS

EU Nationals vested as a Company’s Director who hold/ do not hold a Residence Card issued by the Identity Management Agency with the letter ‘A’.letter 'A'."

volcane ViP

Member since 03 November 2015

volcaneViP31 January 2018 22:24:28

1098

This is classic Maltese engrish- complete meaningless drivel, foreigners and foreign companies can own companies in Malta.

Speak to a professional

maltador Member

Member since 16 December 2017

maltadorMember31 January 2018 22:30:45

Thank you so much! @volcane also do you know if I open a trading company and get only the dividend (in a Maltese bank account) I have to pay national insurance?

volcane ViP

Member since 03 November 2015

volcaneViP31 January 2018 22:39:09

1098

Not sure but that sounds the wrong way round taxation in Malta for foreigners is designed to pay dividends into foreign companies and paying yourself a salary here.

NI is a good tax to pay.