I had a chat with Bank Fric yesterday. If you are a tax resident in Cyprus or in Malta, you can forget about them. They said that they might consider a person as a client from these countries, but that would require a minimum deposit of 1 mEur. They have so much business right now, that they are...
Monaco is great, but it's not cheap. 1 of the requirements for residency is to have a local bank account. In order to get a local bank, the minimum required deposit is 500 000€ and goes up to 1 mEur.
But then you do enjoy 0% tax on worldwide income. It just depends on how much money you have at...
I'm based in Malta. I'm in the gambling business. You will struggle a lot with local banks no matter what you do. I know that local SME's such as coffee shops, gyms, barbers are even struggling to get a bank account open for their business from the local banks.
The potential 5% effective tax...
Thanks!
I'm in affiliate marketing. Some of the sites are in regulated markets while others are in the grey markets...
I know that the Beckham law is not really applicable to businesses.
My way of thinking was to move the regulated sites and parts of the business to Spain. It's easier to...
Recent greylisting, banking is impossible here, whether it is business or personal, I want to move some of my business assets outside of Malta and hopefully lower the load of constant KYC and compliance costs.
Hey everyone
so happy to discover this forum! Been looking for this type of community for a long time and finally found one.
I'm currently residing in Malta. Been here for 6 years and enjoying the effective 5% tax rate - good times!
However, things are a bit bad in Malta at the moment and...
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