If you have not yet placed Malta at the top of your list of jurisdictions to consider for optimizing international investments, here are some reasons why you should do so.
Even though it is one of the smallest European Union (EU) Member States, Malta was one of the economies least affected by the crisis that has befallen the EU. Malta’s success is largely due to its ability to attract foreign investment, its conservative banking system and the strength of its regulatory system.
Malta has a modern, diverse economy and a stable macro-economic environment (low unemployment, low public deficit and controlled public debt), while its growth is based on a solid strategy focused on attracting foreign investment and establishing a secure, stable and competitive corporate environment. Advantages for investors are evident:
- European Union country with a solid economy and strong financial system;
- Competitive, flexible tax regime with very low effective tax rates;
- Exemption from withholding tax when distributing dividends, interest and royalties;
- One of the most inclusive participation exemptions in the EU;
- Qualified, bilingual workforce with advanced knowledge in other languages;
- Highly attractive for overseas personnel;
- Low operational costs;
- Strong but flexible and business friendly administrators and regulators.
Download our brochure on Malta to find out more about all these advantages and understand how to they apply to the optimization of international operations in various sectors of activity.
The recording and slides of our webinar “International Tax Planning for Holding Companies”, hosted today, are now available.
In this webinar, Frederico Gouveia e Silva, Managing Partner of NEWCO, explained the concept of holding, as well as the key factors normally considered when choosing a jurisdiction, namely credibility, security and transparency, resources and operating costs, legal framework and tax regime. Frederico then presented the specific advantages of Madeira and Malta for international holding companies.
Click here to view the webinar recording.
Click here to download the slides.
Our webinar on International Tax Planning for Holding Companies will be hosted this afternoon and you’re still on time to register!
In this webinar, we shall review the most relevant aspects for optimizing holding companies in Madeira and Malta, namely the concept of holding companies, key factors such as credibility, security and transparency, resources and operating costs, legal framework and the tax regime applicable to holdings in these two jurisdictions.
The European Commission has just approved extension of the 3rd regime of the International Business Centre of Madeira, extending the deadline for admission of new companies under this regime to 31 December 2014, thereby establishing that the European Union’s lowest income tax rate of 5% will be in force at least until the end of 2020.
The current IBCM regime was declared compatible with the internal market, pursuant to article 107 of the Treaty on the Functioning of the EU, as per Commission Decision of 27 June 2007 (SA.21259), modified as per Commission Decision of 2 July 2013 (SA.34160), namely in terms of an increase in the applicable limits. On 26 November 2013, an extension of this regime was authorized until 30 June 2014. The Portuguese State said, however, that this extension made applying the regime difficult, as the extension was limited to only half a tax year, while the benefit was calculated on the basis of tax returns submitted for the entire year. This extension allows the entire tax year to be covered and allows new entities to be admitted until the end of the current year, continuing to produce effects until 31 December 2020 for all licensed entities.
According to Notice 51/2014, published in the Government Gazette on 2 May, 2014, the necessary formalities were complied with, for implementing the Convention for avoiding Double Taxation between Portugal and Qatar, signed in Doha on 12 December 2011.
Under the terms of art. 28 of this Convention, it has come into force on 4 April 2014.
Thursday 15 May at 3 pm
Madeira and Malta offer very attractive ways of establishing a holding company in the European Union thanks to the application of European directives, participation exemption for worldwide dividends and capital gains, exemption from withholding tax on dividends distribution along with a broad range of double taxation treaties and other facilities.
In our next webinar, we are going to address the most relevant aspects in optimizing holding companies in these jurisdictions, namely:
- The concept of holding companies;
- Key factors:
- Credibility, security and transparency;
- Resources and operating costs;
- Legal framework;
- Tax regime;
- Holdings in Madeira;
- Holdings in Malta.
Register now and learn how to optimize the management of your shareholdings via Madeira or Malta.