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Emigrating to Malta: Your Stress-Free Path to a Mediterranean Paradise
Do you want to emigrate to Malta and benefit from the tax advantages? Malta offers attractive opportunities, but also challenges. Find out how to plan your move optimally and which aspects you should consider. For personal advice and support with your emigration project, please contact us.
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Do you want to emigrate to Malta and benefit from the tax advantages? Malta offers attractive opportunities, but also challenges. Find out how to plan your move optimally and which aspects you should consider. For personal advice and support with your emigration project, please contact us.
Do you want to emigrate to Malta and benefit from the tax advantages? Malta offers attractive opportunities, but also challenges. Find out how to plan your move optimally and which aspects you should consider. For personal advice and support with your emigration project, please contact us.
Do you want to emigrate to Malta and benefit from the tax advantages? Malta offers attractive opportunities, but also challenges. Find out how to plan your move optimally and which aspects you should consider. For personal advice and support with your emigration project, please contact us.
Dreaming of a life under the Maltese sun? Discover everything about tax benefits, cost of living, and the challenges of moving abroad. Get informed now and plan your move!
Do you dream of experiencing emigrating to Malta and starting a new chapter under the Mediterranean sun? Malta, with its rich history, pleasant climate, and attractive tax benefits, is attracting more and more people. This guide offers you a comprehensive overview of everything you need to know for a successful move. We at GoMovin understand that an international move can be a big challenge. That’s why we offer you an all-in-one solution to make the process as stress-free and efficient as possible.
Overview of Malta as a Destination for Emigration
Malta is not only a popular holiday destination but also an attractive place to live and work. The island offers a high quality of life, a stable economy, and a friendly community. Notable highlights include the mild climate, numerous leisure opportunities, and its strategic location in the heart of the Mediterranean.
Popularity and Reasons for Emigration
Many Germans and Austrians are drawn to Malta for various reasons. These include:
The pleasant climate and high quality of life, which allow for a relaxed everyday life.
The attractive tax advantages, especially the non-dom status, which is of interest to certain groups of people.
The EU membership and the international environment, which make living and working easier.
Target Audience of this Article
Who benefits from this guide?
This article is aimed at:
Germans and Austrians seriously considering emigrating to Malta.
Entrepreneurs and self-employed individuals wishing to benefit from the tax advantages.
Pensioners wanting to spend their retirement in a mild climate.
We at GoMovin support you every step of the way – from the initial planning to successful integration into your new life in Malta. Find out about our relocation assistance now!
Benefit from Malta's climate, economy, and tax advantages
Malta offers a variety of advantages that make it an attractive destination for expatriates. From the pleasant climate and relaxed lifestyle to economic incentives and tax benefits, there are many reasons to consider moving to Malta. At GoMovin, we help you make the most of these advantages and ensure a smooth relocation.
Climate and Lifestyle
Mediterranean Climate and Leisure Activities
Malta's Mediterranean climate with its warm summers and mild winters is perfect for those who love the sun. The island offers numerous opportunities for outdoor leisure activities, such as:
Clean waters for snorkelling and diving.
A relaxed lifestyle with many cultural events and festivals.
The clean waters of Malta invite you to dive and snorkel, while the relaxed lifestyle offers many opportunities for relaxation.
Economic Advantages
Strong Economy and Financial Stability
Malta has a stable economy supported by the financial sector and foreign investments, offering good prospects for both entrepreneurs and employees. Further advantages include:
A good infrastructure and advanced digital services.
EU membership, which facilitates trade and networking.
The strong economy of Malta, supported by financial services and foreign investments, offers financial stability and business opportunities.
Tax Incentives: The Non-Dom Status
Remittance-Based Tax System
One of the biggest incentives for moving to Malta is the so-called Non-Dom Status. This status allows you to tax only the income you actually transfer to Malta. This can bring significant tax advantages, especially for those with foreign income sources.
Taxation only on income transferred to Malta.
A minimum tax of €5,000 on foreign income over €35,000.
Tax-free capital gains from abroad.
The Non-Dom Status is particularly attractive for those with foreign earnings, as only the income transferred to Malta is taxed. However, note that a genuine presence in Malta is required to avoid issues with your former country of residence.
Master the challenges of emigrating to Malta
Despite the numerous advantages, there are also some challenges that you should consider when relocating to Malta. These include limited job opportunities, a high population density, and an overheated property market. At GoMovin, we help you overcome these challenges to ensure your move is successful.
Limited Job Opportunities
Specialised Professionals
The job market in Malta is relatively small, focusing mainly on specific industries. This can pose a challenge for specialised professionals:
Primarily jobs in hospitality, tourism, and finance.
Potential difficulties for specialists in other fields.
It is important to note that job opportunities in Malta are limited and mainly focused on hospitality, tourism, and finance.
High Population Density and Environmental Issues
Noise, Congestion, and Cleanliness
Malta is a small island with a high population density, leading to issues in some areas such as noise, congestion, and lack of cleanliness:
Especially in tourist areas, it can be noisy and crowded.
The high population density of Malta particularly in tourist areas leads to noise and congestion.
Overheated Property Market
Difficulty Finding Affordable Accommodation
The property market in Malta has surged in recent years, making it challenging to find affordable accommodation, especially in coastal areas:
Particularly in coastal areas, it's difficult to find affordable housing.
The overheated property market makes it tough to find affordable accommodation, particularly near the coast.
Limited Selection of Shopping and Leisure Activities
Comparison to Other European Locations
Compared to other European locations, the selection of shopping and leisure activities in Malta is limited. Also, the delivery of goods, such as from Amazon, can be restricted:
Limited Amazon deliveries.
The selection of shopping and leisure activities is limited compared to other European locations.
Navigate through Malta's tax landscape
The tax aspects are an important factor when deciding to emigrate to Malta. The Non-Dom status offers attractive benefits, but there are also pitfalls you should be aware of. At GoMovin, we work with experienced tax advisors to ensure that you understand all relevant aspects and can take full advantage of the tax benefits.
Non-Dom Status in Detail
Advantages and Disadvantages for Different Types of Income
The Non-Dom status is not suitable for everyone. It is important to examine the pros and cons for your specific income situation:
Less advantageous for income from German/Austrian shares (without restructuring).
The Non-Dom Status is less advantageous for income from German or Austrian holdings unless they are restructured through a tax-efficient holding company.
Exit Tax, Disconnection Tax and Limited Tax Liability
Importance of Correct Deregistration in Germany
When emigrating, you must deregister correctly in Germany to avoid issues with exit tax, disconnection tax, and limited tax liability. Correct deregistration is crucial to avoid tax consequences.
Malta Limited and Tax Traps
Clarification of the 5% Tax and CFC Rules
Setting up a Malta Limited can offer tax advantages, but there are also pitfalls to be aware of, including the 5% tax and the CFC rules (Controlled Foreign Company Rules):
Malta as a tax haven under scrutiny.
It is important to carefully examine the tax implications of a Malta Limited and to seek advice from an expert. Malta is under scrutiny as a tax haven, and it is important to comply with all rules and regulations.
Crypto Taxes in Malta
Relevance for Crypto Investors
Tax aspects in Malta are also relevant for crypto investors. It is important to be informed about the current regulations and ensure that you meet all tax obligations.
Overcoming Legal Hurdles in Emigration
Apart from tax considerations, there are also legal and bureaucratic hurdles you should keep in mind when relocating to Malta. These include company formation, residency and registration, as well as the German registration regulations. At GoMovin, we support you with all the necessary steps and ensure that you meet all the requirements.
Company Formation in Malta
Regulation by the MFSA
Company formation in Malta is regulated by the Malta Financial Services Authority (MFSA). It is important to work with licensed Corporate Service Providers (CSPs) to ensure compliance with all regulations:
The need to collaborate with licensed Corporate Service Providers (CSPs).
Malta One is not a licensed CSP but collaborates with tax advisors and lawyers.
The company formation in Malta is regulated by the MFSA, and it is advisable to work with licensed CSPs. Note that Malta One itself is not a licensed CSP, but it cooperates with tax advisors and lawyers.
Residency and Registration
The Importance of a Genuine Presence in Malta
To take advantage of Non-Dom status and other benefits, it is crucial to demonstrate a genuine presence in Malta. This helps avoid issues with your former country of residence:
Avoiding issues with the former country of residence.
A genuine presence in Malta is important to obtain Non-Dom status and avoid issues with your former country of residence.
German Registration Regulations After Emigration
Important Information
After emigrating, you must comply with the German registration regulations. It is crucial to deregister correctly and take all necessary steps to avoid problems. The German registration regulations must be observed after emigration to avoid legal issues.
Plan your emigration to Malta step by step
Careful planning is key to a successful move to Malta. From gathering information and seeking professional advice to language skills, there are many aspects to consider. We at GoMovin support you every step of the way, ensuring you are well prepared.
Comprehensive Information Gathering
Using Official Internet Sources
Gather comprehensive information on all relevant aspects of moving to Malta. Use official internet sources to find out about customs regulations, entry requirements, residence permits, and other important topics:
Customs regulations, entry requirements, residence permit.
Import and customs regulations (personal items, vehicles, animals, plants, weapons, medications).
Employment, taxes, social security, health insurance, education, housing, driving licence, citizenship, consular support.
It is advisable to use official internet sources to gather comprehensive information on all relevant aspects of relocation.
Professional Consultation
Tax Consultants and Lawyers
For complex matters, it is advisable to consult a tax advisor or lawyer. They can help you address the tax and legal aspects of your relocation optimally:
Especially important for complex matters.
A professional consultation with tax consultants and lawyers is essential, especially for complex matters.
Language Skills
English Skills Ease Integration
Although Maltese is the official language, English is widely spoken and understood by most people. Good English skills significantly ease integration into life in Malta. The English language is widely spoken in Malta and eases integration.
Malta as a retirement destination: Benefit from the mild climate
Malta is also an attractive destination for retirees. The mild climate, low cost of living, and excellent healthcare system make the island an ideal place to retire. At GoMovin, we support you in planning your relocation and help you feel comfortable in your new home.
Advantages for Retirees
Mild Climate and Low Cost of Living
Retirees particularly benefit from the mild climate and low cost of living in Malta. This allows for a relaxed and pleasant retirement:
Mild climate and low cost of living.
The mild climate and low cost of living make Malta an attractive target for retirees.
Tax Considerations for Retirees
Options and Specifics
There are also tax considerations for retirees to keep in mind. It is important to be informed about the various options and specifics to make the most of the tax advantages:
Options and specifics.
It is advisable to learn about the tax considerations for retirees to make the most of the advantages.
Healthcare
Excellent Healthcare System (Public and Private)
Malta has an excellent healthcare system offering both public and private options. This provides retirees with the assurance of being well cared for if needed:
Excellent healthcare system (public and private).
The excellent healthcare system in Malta offers both public and private options.
Emigrating to Malta: A Personal Decision
Whether emigrating to Malta is worthwhile depends on your individual circumstances and priorities. Malta offers many advantages but there are also challenges you should consider. At GoMovin, we help you make an informed decision and ensure a successful relocation.
Summary of Pros and Cons
Malta offers a high quality of life, attractive tax benefits, and a pleasant climate. On the other hand, there are limited job opportunities, high population density, and an overheated property market. It is important to carefully weigh these pros and cons.
Individual Decision
Considering Personal Circumstances and Priorities
The decision for or against emigrating to Malta is a personal one, depending on your own circumstances and priorities. Take your time to carefully examine all aspects and gather comprehensive information.
Outlook
Malta as a Dynamic Location in Transition
Malta is a dynamic location that is continually evolving. The island offers many opportunities for those wishing to start a new life in the Mediterranean. We at GoMovin are your partner for a successful move to Malta. We offer comprehensive advice and support at every step – from initial planning to successful integration into your new home.
Are you ready for your adventure in Malta? Contact us today for personalised consultation and let us plan your stress-free move together. Visit our contact page and start your new life under the Maltese sun today!
Further useful links
The EU Commission provides detailed information about Malta, including political, economic, and social aspects.
Eurostat offers statistical data on migration and population in Malta.
The Deutsche Bundesbank provides a conversion portal that can be useful for financial transactions related to Malta.
The Federal Office of Administration informs about customs, entry, and residence regulations for Malta.
FAQ
What tax advantages does Malta offer for expatriates?
Malta offers the so-called Non-Dom Status, which allows only the income that is actually transferred to Malta to be taxed. This can be particularly beneficial for individuals with foreign sources of income. Capital gains from abroad can be received tax-free.
What disadvantages should be considered when moving to Malta?
The disadvantages include limited job opportunities (mainly in hospitality, tourism, and finance), a high population density which can lead to noise and crowding, and a heated property market that makes finding affordable housing challenging.
What is the minimum tax for Non-Dom Status in Malta?
The minimum tax for individuals with Non-Dom Status and foreign income exceeding €35,000 is €5,000 per year. However, this tax can be reduced by taxes paid in Malta.
Which sectors offer the most job opportunities for expatriates in Malta?
The most job opportunities are found in the hospitality, tourism, and finance sectors. Specialized professionals in other fields may find it difficult to locate suitable positions.
Is it difficult to find affordable housing in Malta?
Yes, the property market in Malta is overheated, making it difficult to find affordable housing, particularly in coastal areas. It is advisable to start looking for accommodation early.
What role does the English language play in Malta?
Although Maltese is the official language, English is widely spoken and used by most people. Good knowledge of English greatly facilitates integration into life in Malta.
What should I consider when setting up a company in Malta?
Establishing a company in Malta is regulated by the Malta Financial Services Authority (MFSA). It is important to work with licensed Corporate Service Providers (CSPs) to ensure compliance with all regulations.
Which aspects are particularly important when planning a move to Malta?
Careful planning is crucial. This includes comprehensive information gathering on customs, entry, and residence regulations, professional advice from tax advisors and lawyers, as well as consideration of German registration requirements after emigration.
