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WORKING
OR SETTING UP A BUSINESS IN MALTA
A distinction must be made from the
outset as regards the nationality of the person interested in working in
Malta. A further distinction must be made as regards the intended
market of the business. We have categorized the possible scenarios
as follows. Please click on the one which is relevant to your
situation.
EU
national wanting to do international business while based in Malta
Malta's accession to the European
Union has had a beneficial effect on this situation. Any EU national who wants to base
himself in Malta and run a corporate business for international trade
can incorporate and manage a company registered in Malta. These companies
attract very advantageous tax regimes (5% effective tax) and the EU national who acts as
director of such a company can reside in Malta if he so wishes. The director would
require a work permit from the local authorities but this is guaranteed
and cannot be refused.
For more information please go to
our Companies pages.
EU national
wanting to do business on the local market
Prior to Malta's accession to the
EU on May 1, 2004 it was practically impossible for non-Maltese
shareholders to incorporate a Maltese company with the intention of
doing business on the local Maltese market.
This has now changed completely and
any EU national can freely incorporate a Maltese company and trade on
the local market in any branch of trade. The company, for tax
purposes, is treated like any other local company and carries no
particular tax advantage. The tax rate would be 35% on world wide
profits.
We have no specific pages about
Maltese companies for local trade but please feel free to contact
us for any information you might require. We would like to
advise persons contacting us that we do not offer a free information
service in this regard and prior to providing detailed advice we would
require a retainer agreement to be signed.
EU national
wanting to work in Malta
Prior to Malta's accession to the
EU on May 1, 2004 it was practically impossible for non-Maltese to
obtain work permits and take up jobs with local Maltese companies.
Again this has now completely changed and any EU national can find a job
in Malta. A work permit is still required but this is a mere
formality for EU nationals. Please contact
us for more information about obtaining such a permit and for
information about taxation, social security and related matters.
We would like to advise persons contacting us that we do not offer a
free information service in this regard and prior to providing detailed
advice we would require a retainer agreement to be signed.
Non-EU
national wanting to do international business while based in Malta but
not for the local Maltese market
Any non-EU national who wants to base
himself in Malta and run a corporate business for international trade
can incorporate and manage a company registered in Malta. These companies
attract very advantageous tax regimes (5% effective tax) and the EU national who acts as
director of such a company can reside in Malta if he so wishes. The director would require a work permit from the
local authorities but this is rarely refused.
For more information please go to
our Companies pages.
Non-EU
national wanting to do business on the local market and non-EU
national wanting to work in Malta
With the exception of the above, it is virtually impossible for non-EU nationals to obtain work
permits to do business in Malta or to take up jobs
in Malta. We regret that we do not handle this type of situation
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Copyright 2000: Griscti & Chetcuti, Advocates
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