Maybe we should split this discussion into another thread since it has nothing to do with my original question.... Then again, I guess the discussion has pretty much been settled.
I didn't really understand this program.
If you spend just 1 day per year in Malta, how would this help you, unless you are from a country like Spain that formally requires you to take up tax residency somewhere else?
If you go down the regular residency route, is there a minimum stay requirement to be considered tax resident? The way I understood it, you just have to be ordinarily resident, so have an apartment, etc.?
Malta also has a special residency where you pay 15k and you can spend 1 day in a year and you are good, its elective residency, it's a hidden secret, so Malta bears Cyprus here as well.
I didn't really understand this program.
If you spend just 1 day per year in Malta, how would this help you, unless you are from a country like Spain that formally requires you to take up tax residency somewhere else?
If you go down the regular residency route, is there a minimum stay requirement to be considered tax resident? The way I understood it, you just have to be ordinarily resident, so have an apartment, etc.?