Professional Gambler

Hello everybody!


I'm new over here, and I've been reading all the threads :)

I'm considering the move to Malta during this summer, to restart my life over there. However, from what i have read, i believe i have a problem. Currently, i'm a professional gambler, this means i earn my wage in online bettings. I know thats an unusual profession, but i'm high talented in the area, so i do the thing i most like. If i understood it right, to stay in Malta for more than 3 months i need to get a work permit, or proof that i'm self suficient (to get ordinary residence permit). Well, i already have a work (online gambler) but that doesen't give the work permit, so my question is, to proof that i'm self suficent, what should i have to do? I read in somewhere that itŽs necessary to have an income of 90€ per week to be self-suficient, is that right? If it is right, how can i show to maltese autorities that i earn more than that money per week?

I have another question, is it possible to have a internet contract for only 3 months? or month to month contract?

Note: I'm assuming that a gambler doesent have to pay any kind of taxes in Malta, anyone can confirm this?


Best Regards
Gambler

as you are a member of a EU country you do not need to have a work permit at all...

As long as you get your identity card that allows you to stay for  more than 3 months and only needs your passport and a home address in malta to register your stay in Malta and you can stay as long as you wish

as for work and paying taxes that depends on how honest you wish to be LOL......

It all depends on honesty and addressing the right issues.

Actually just having a Maltese ID card does not give you the right to stay in Malta for more than 3 months. It does need to be backed up by the application and granting of ordinary residency.

But if you don't, nobody will chase you normally (because nobody know's).But once you start the process and show your income you will be in the focus of the tax office unless you can show your income is from outside of Malta. Might get a bit complicated there ....

You should get advice from an accountant on those issues unless you want to stay under the radar and just not be here .....legally-))). But that wouldn't be my advice.

Earning money in Malta without paying taxes is tax evasion but again ....if nobody know's you're living here!

EU's don't need a work permit anymore but still have to register with the ETC. So that is not a big difference really.

Cheers
Ricky

am not disagreeing with ricky - he is right - but thousands of people do this here everyday of the year and have been doing so for years - for their own reasons - nobody chases at the moment - but as the IRD are tightening up on things maybe that will change..... just because people do it doesnt make it right nor acceptable but it is done. at the end of the day its down to you.

It's not my intention to commit tax evasion!

I only say that, because i believe that in Malta there's no law's about tributation of money earned in gambling. Please correct me if i'm wrong.


But if i understood it right, i only have ETC and i will be able to live in Malta for as long as i want? It's not necessary to justificate the reasons why i want to stay? Or showing that i'm self suficient?

no not really  - as only have to do that if you are going to apply for ordinary residency - many people are doing exactly that.

as for declaring your earnings I am not sure - i would have thought any earnings no matter how you earn it - are declarable for taxation. example - taxi drivers and waiters tips.......if its that important a visit to a taxation specialist would be worth it.....and any way would put you on the radar.

Just out of curiosity how did you hear that there is no tributation tied to earnings from professional gambling.!!!!

I'm confused.

Let me try to resume this. I arrive to malta and as a EU citizen i can stay 3 months. During that time i should request for an ID card and start the process for ordinary residency. This is correct right?

And will i be able to get that ordinary residency permit without job?

Never mind that....just get to the point and tell us all how to make money :)

If you request the ID card you are ,technically speaking, declaring that you are going to take up your residence in Malta. Although nobody actually checks it , you are expected to apply for ordinary residence within 3 months.

You do not need a job if you are self-sufficient or self-employed or receiving a pension but you will need to apply under one of the categories and provide the requested documents.

Check this under :

http://www.foreign.gov.mt/default.aspx?MDIS=552

The point is that Malta want's to be sure that you can support yourself without falling back on the state and that you have adequat health insurance or entitlement to the free state health insurance.They won't necessarily believe or trust you if you just say you're here and will pay for yourself.

I'm also interested in the no tax option for earnings tied to gambling. I would book that kind of income under trading income for example but if you have other information please give us a few details.

Cheers
Ricky

ricky wrote:

If you request the ID card you are ,technically speaking, declaring that you are going to take up your residence in Malta.


Actually, by applying for an ID card you are declaring you are already resident.

ricky wrote:

You do not need a job if you are self-sufficient or self-employed or receiving a pension


To clarify - receiving a pension is one form of satisfying the self sufficient criterion, rather than being a separate permit type. The pension  must be sufficient in itself or in conjunction with any other income you bring into Malta to satisfy the minimum income level.

Very exact and right in both cases George.

The point I was trying to make is that the ID card and the actual application belong together.

But this is obviously not checked by the Maltese authorities or they don't care so there are many EU Expats on the island just with the ID card or even without and with or without health insurance and paying or not paying taxes -))) All combinations exist!

Ricky

georgeingozo wrote:
ricky wrote:

You do not need a job if you are self-sufficient or self-employed or receiving a pension


To clarify - receiving a pension is one form of satisfying the self sufficient criterion, rather than being a separate permit type. The pension  must be sufficient in itself or in conjunction with any other income you bring into Malta to satisfy the minimum income level.


So, from what i have seen to proof that i'm self suficient, i need to have an income of something around 85€ per week. So, to stay there for 1 year, i need an income of 85*52= 4420€. If i open a bank account over there, and show the autorities i have more than that in my account, am I making proof that i cant subsist by myself?


About the no tributation in online gambling, i ask to some guys from malta that i found in online poker houses, and all them told me they pay 0 for their winnings. I know it's not a credible source, but they seem very confident when i ask them.

Gambler wrote:

So, to stay there for 1 year, i need an income of 85*52= 4420€. If i open a bank account over there, and show the autorities i have more than that in my account, am I making proof that i cant subsist by myself?


You need to show 23,000 odd if you show a lump sum, but it doesn't need to be in a Maltese bank - I'll PM you some more stuff on this and other things about moving to Malta

from the govt -

Economically self-sufficient persons

An EU national does not necessarily have to work while s/he is living in Malta. However in order to reside here, s/he must be able to support himself/herself and his/her family members accompanying or wishing to join him/her in Malta, without recourse to public funds. The EU national concerned must be covered by sickness insurance* against all risks whilst in Malta and have sufficient resources not to become a burden on the State. In this respect the above-mentioned Order [Article 11(5)] lays down that such level of resources should be the minimum means which determine the grant of social assistance to Maltese nationals. Currently this should be a capital of at least €14,000 or a weekly income of €84.95 or, in the case of a married couple, a capital of €23,300 or a weekly income of €93.10. (N.B. Pensioners and retired persons fall under this category).

You need to show 23,000 odd if you show a lump sum, but it doesn't need to be in a Maltese bank


Isn't the 23k for the old ( non-existant ) perm res?   I never can remember how that works...

me3512 wrote:

You need to show 23,000 odd if you show a lump sum, but it doesn't need to be in a Maltese bank


Isn't the 23k for the old ( non-existant ) perm res?   I never can remember how that works...


see my answer above, which is for ordinary residency

the old pr was capital of 350,000 odd :-)

georgeingozo wrote:
me3512 wrote:

You need to show 23,000 odd if you show a lump sum, but it doesn't need to be in a Maltese bank


Isn't the 23k for the old ( non-existant ) perm res?   I never can remember how that works...


see my answer above, which is for ordinary residency


George, its not often I'm told to RTFM...   cheers to you  :cheers:

:-)

Now I'm confused!
I arrive on the island as an EU citizen with the intention of making it my home. I understand that I have the options of either being self suffient, being employed or starting a business. When does one apply for an ID card and what are the criterea for it. Why would I apply for a 'stand alone' ID card before applying for ordinary residence - is there a benefit in doing this, other than of course just disappearing:rolleyes:

you can get your id card at anytime within the first three months (some people then apply for residence - some people dont and never do for their own personal reasons) however there is a benefit to having it in as much as your utility bill are much cheaper as once you are a resident you can become the resident occupier consumer for the billing and thus save considerable cash on bills for water and electricity (and am sure there are many more but i havent experienced them yet)

thanks toonarmy:)