Malta Limited/Ltd Incorporation/Formation/Setup + Maintenance

[blast629]

Hi there!!

Related to this post of my own, I am trying to find the best ways to get around the different alternatives, one of them being the IFICI (the NHR 2.0). It seems like the MT Ltd can be attractive because of the low 5% CIT, but i think the main deal for low incomes is the high costs of running MT companies.

I am looking into get how much could be the full incorporation: Registry, incorporation documentation/notary fees, bank setup, etc etc ; as well as the recurring costs: accountancy, annual filing fees, nominee director, virtual office, etc etc.

I have been exploring the forum, and as of now, the only thing i got clear is that this: https://www.millionmakers.com/virtual-office/virtual-office-santa-venera/ is a cheap virtual office alternative, but still somewhat lost on the rest.

Do any of you have any idea of what is the landscape like in this topic? Any broad numbers you may know?

Also, in case any of you of any local law/tax firm for accountants/lawyers, would be great.

Thank you all!

 

[Marzio]

Any broad numbers you may know?

Don't expect anything less thank 10K/year

Do i need to remember you are making 80K / year?

Unless you foresee to skyrocket your income to at least 500K / year this structure DOES NOT MAKE any financial sense.

You are paying 12.5% of your income for the the privilege of paying 5% taxes.

You are paying 17.5% taxes in Malta with operating and holding company

US LLC + non-dom = 6,25% total

 

[blast629]

Don't expect anything less thank 10K/year

Do i need to remember you are making 80K / year?

Unless you foresee to skyrocket your income to at least 500K / year this structure DOES NOT MAKE any financial sense.

You are paying 12.5% of your income for the the privilege of paying 5% taxes.

You are paying 17.5% taxes in Malta with operating and holding company

US LLC + non-dom = 6,25% total

You are right. If those are the costs it 100% make no sense to take the hassle.

By the way, the idea for this is to be paired with NHR more than with non dom. I think it is safer to run the US LLC on Malta than on PT because the Tax Authorities being more laxative?

I guess smaller firms may be more affordable though. And basically that is what I was looking for, if maybe there was a setup not really costing more than 3-4k per year, which could be worth the extra safety in my opinion...

But 15k is totally crazy for sure

Thanks Marzio!

 

[shimo]

Don't expect anything less thank 10K/year

Do i need to remember you are making 80K / year?

Unless you foresee to skyrocket your income to at least 500K / year this structure DOES NOT MAKE any financial sense.

You are paying 12.5% of your income for the the privilege of paying 5% taxes.

You are paying 17.5% taxes in Malta with operating and holding company

US LLC + non-dom = 6,25% total

6,25% , untill 2026..
It is highly likely new tax reform will be taking place; CIT rise already confirmed.

 

[JustAnotherNomad]

How do you arrive at 6.5%?

 

[blast629]

6,25% , untill 2026..
It is highly likely new tax reform will be taking place; CIT rise already confirmed.

How would that affect? The 6.25% is non-dom related.

I guess you mean the 5% effective CIT for Maltese corporations is going to change?

How do you arrive at 6.5%?

I think he means with non-dom you pay 5k for everything above to 35k to Maltese Tax Authorities.

With the LLC you would pay no more than that, since they treat them as opaque entities.

Therefore 5.000/80.000 = 6.25%

The idea of the Maltese Ltd is because in PT with NHR/IFICI is somewhat safer than the LLC. But of course, if the costs are too high, pretty much makes no sense, and it is better to take the risks... I guess that is what @Marzio mean

Thank you all