Thanks for sharing, he said he would announce it in the next budget and implementation could take up to three years. Still there could be workarounds for non dom regime for company and individuals other than the rate of 5%?
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UAE FZ company + Malta non dom
- Thread starter JimBeam
- Start date
If he would make the other shareholder director as well and do all board meetings in Dubai you would be good.
Not sure where the family of your client is from but Dubai is not that far from Europe and Malta is in the far south or Europe.
That's one of the options we had in mind.
Europe is not that far - but It's still 5-6hrs vs 2hrs of flight to Malta so the difference is still significant.
Traveling from Dubai to Europe will take you an entire day: at least 1hr to reach the airport, 2 hours at the airport, 5-6 hours of flight time, time on the other airport etc. It easily goes above 10hours while Malta would be 4-5hrs max.
Noted, thanks for your input.
If the director of the UAE free-zone company moves to Malta and becomes a Malta non-dom, he would only have to pay tax on the income he brings to Malta.
Okay.
That's how I would say as well.
But won't the UAE company be then looked as tax resident of Malta.
Anyone has first hand experience with this?
No, the UAE company would not be considered a tax resident of Malta simply because the director, who is also a shareholder of the company, is a Malta non-dom. Tax residency of a company is determined by factors such as where it is incorporated, where it is managed and controlled from, and where its operations take place. The fact that the director is a Malta non-dom may have implications for his personal tax liability, but it would not automatically make the company a tax resident of Malta.
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