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Malta no dom - how it works?
- Thread starter uranio
- Start date
Where can I figure out what's the exact procedure to get my tax residency in Malta?
Is getting a Tax Residency Certificate (TRC) from CfR mandatory to become a tax resident? I don't think so, but a guy confused me regarding this topic.
Otherwise I think that going on Identita Malta, filing as a self-sufficient and waiting for them to call you for the identification appointment should be sufficient to get the tax residency, right?
The certificate is typically only issued later when the facts are clear. You need to read this and then register using the link at the end.
https://cfr.gov.mt/en/individuals/Pages/Tax-Residence.aspx
https://cfr.gov.mt/en/individuals/Pages/Tax-Residence.aspx
No, that link works only for people that already have an e-residency.
That's why I said that, for what I understood until now, first you have to get the e-residency on Identita Malta, then you register to CfR and register as a tax payer.
I think that on this website you can both register as a taxpayer and get a TIN, and also request a tax certificate.
There is a very complete guide in the link of the link
https://cfr.gov.mt/en/eServices/Pages/How-To-Register-for-CFR-Services-online.aspx
https://cfr.gov.mt/en/eServices/Pages/How-To-Register-for-CFR-Services-online.aspx
hey guys,
@Martin Everson @daniels27 & others
I come from EU, want to move to Malta, if I open a US LLC for online business (freelance, SaaS..etc) and that I get the non-dom, auto-sufficient status and that’s I stay more than 6 months in Malta, my US LLC will not be relocated as « Maltese » with 35% business profit tax ?
I will only remit to Malta bank account (for a living) 45k/year (that I will report and pay taxes on it), and all others profit will go on a personal bank account not in Malta and never used in Malta (not remitted).
What do you think ? This setup is good ?
Will only do ~100k profit a year
@Martin Everson @daniels27 & others
I come from EU, want to move to Malta, if I open a US LLC for online business (freelance, SaaS..etc) and that I get the non-dom, auto-sufficient status and that’s I stay more than 6 months in Malta, my US LLC will not be relocated as « Maltese » with 35% business profit tax ?
I will only remit to Malta bank account (for a living) 45k/year (that I will report and pay taxes on it), and all others profit will go on a personal bank account not in Malta and never used in Malta (not remitted).
What do you think ? This setup is good ?
Will only do ~100k profit a year
Malta doesn't enforce PE at all on this type of situation that you're describing.
This means that they don't care of your LLC truly being a pass through entity, as they don't care that much of everything happening in your accounts outside of Malta.
If you make 100k a year you can simply have a US LLC, pay yourself out on a non-maltese bank account and consider "remitted" only the money you spend on things like rent.
In Malta CFC only applies to foreign companies with over 750k euro in accounting profits last time I checked. Meaning pick whatever foreign entity works best for offshore corporate tax and more importantly wide access to banking. I can't comment on anything US LLC related so someone else will have to comment there. But sounds fine to me.
You need 45k a year to live in Malta? You planning to rent in Portomaso, renting a large family apartment or got a gambling habit or something....lol.
1BR in Portomaso is easily €2k/month or €24k/year so there goes more than half of €45k.
On €45k income he needs to pay a flat tax €5k (and I think it's €15k for a family).
That leaves him with €16k or about €1,333/month and that barely enough for one person (average salary ~1.5k/month)
If he has wife/kid(s) that's clearly not enough.
Renting anything reasonable and decent (outside of prime areas like Portomaso) would probably be around €1,200 so that will increase monthly spending budget for €800 up to €2,133 and make it a bit better - but again nothing crazy.
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Alright, thanks for all your responses.
45k will be maybe a little bit high ahah, maybe more 30-35k.
Regarding the US LLC setup, some people suggested I appoint a nominee director based in another country (like Belize or the UK) to prove that the LLC’s operations aren’t being conducted from Malta. They also recommended holding Zoom meetings from outside Malta, with proof that these meetings are important for the LLC’s operations…etc bulls**t stuff for not having issues with Malta fisc (I’m French, in France the fisc is really crazy, so want to be sure I will not have the same problems in Malta)
Isn’t that a bit exaggerated considering the small revenue I’m making? And also that I will be non-dom & auto-sufficient..
45k will be maybe a little bit high ahah, maybe more 30-35k.
Regarding the US LLC setup, some people suggested I appoint a nominee director based in another country (like Belize or the UK) to prove that the LLC’s operations aren’t being conducted from Malta. They also recommended holding Zoom meetings from outside Malta, with proof that these meetings are important for the LLC’s operations…etc bulls**t stuff for not having issues with Malta fisc (I’m French, in France the fisc is really crazy, so want to be sure I will not have the same problems in Malta)
Isn’t that a bit exaggerated considering the small revenue I’m making? And also that I will be non-dom & auto-sufficient..
Thanks for the thread , I’ve just read it, but I’m still quite confused.
Most of the resources people share talk about 'management & control', but they usually refer to companies without a director based in another country (often solo-founders). Theoretically, these companies would be subject to the 35% corporate tax, right?
That’s why a friend advised me to appoint a director for my US LLC : to justify and protect the fact that 'management & control' is exercised outside of Malta. Please correct me if I’m misunderstanding.
@Anonymous1234 , maybe you could help me on this? (or others)
I’m a solo founder and sole shareholder. I'm moving from France to Malta under non-dom and self-sufficient status.
Business type: SaaS, mobile apps, freelance.
Clients: mainly from the US, France, Spain, Italy, and the UK. & AppStore / Playstore revenues.
No, it is the same. It does not matter where the owner is located for PE and PEoM issues. The location of the founder matters for CFC. You can read more about this here:
PE / PEoM as been extensively covered in the thread I sent you. Malta currently does not care about PE and PEoM. You can manage your US LLC from there. Please read the thread I sent you. @Anonymous1234 already answered very specifically here:
CFC has been answered above and also in the thread I sent you. If you have less than 750k EUR in profits, it is not an issue. If you want to make more, you will need to hire a director in Malta and then move elsewhere yourself.
Please read the thread yourself. If you have specific questions that are still not clear, please let us know. But your case has been discussed.
For royalty income from the US, there are withholding taxes, for which there is a reduction to 10% under the tax treaty.
Thanks a lot! Really helpful.No, it is the same. It does not matter where the owner is located for PE and PEoM issues. The location of the founder matters for CFC. You can read more about this here:
PE / PEoM as been extensively covered in the thread I sent you. Malta currently does not care about PE and PEoM. You can manage your US LLC from there. Please read the thread I sent you. @Anonymous1234 already answered very specifically here:
CFC has been answered above and also in the thread I sent you. If you have less than 750k EUR in profits, it is not an issue. If you want to make more, you will need to hire a director in Malta and then move elsewhere yourself.
Please read the thread yourself. If you have specific questions that are still not clear, please let us know. But your case has been discussed.
For royalty income from the US, there are withholding taxes, for which there is a reduction to 10% under the tax treaty.
Have a good day
