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Company Formation & Administration Services
We also offer a broad range of bespoke services including corporate, tax advisory, compliance and back office services that results in a one-stop shop experience for our clients.
Our global network of contacts adds an international dimension to our service offering enabling us to provide a seamless service even when multi-jurisdictional advice is required.
02
Mergers & Divisions, Re-domiciliation Services
We are regularly involved in transactional assignments including amongst others domestic and cross-border mergers in an EU context.
We also assist clients wishing to continue (re-domicile) an overseas entity in Malta and/or to register their overseas company for tax purposes in Malta.
Our practical approach allows us to find innovative solutions to meet the changing needs of our diverse clientele.
03
Yacht Registration and Yacht-Owning Structures
Our services include Tax and VAT structuring (for both private and commercial operations), registration services, comprehensive administration services and accounting services.
04
Trusts, Foundations & Family Office Services
Malta’s legislation allows for, as well as recognises all types of trusts established in other jurisdictions including discretionary trusts, interest in possession trusts, accumulation and maintenance trusts, fixed interest trusts and charitable trusts. Maltese legislation also allows commercial trusts such as unit trusts or collective investment schemes to be established. Furthermore, Malta trusts can be converted into Malta Foundations and vice-versa giving added flexibility to the client.
Areti Partners is authorised to act as trustee, to provide fiduciary services and to act as administrators for foundations set up for the benefit of private persons.
Areti Partners is also able to assist in the set-up of family offices. Traditionally, family offices used to be established in one’s home jurisdiction. However, with globalisation, better connectivity, more family members residing in different parts of the world and the increased use of a variety of structures across multiple geographies, a centralized jurisdiction for family offices has become more desirable.
Malta is the ideal location to centralize a family’s affairs and safeguard the family’s assets, boasting various residency programmes, structuring opportunities and with English as the official language for business.
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Private clients, Malta Residence Programmes
Residence Permit holders are thus able to reside in Malta and would be subject to tax in Malta, on a remittance basis, at a flat rate of 15% on qualifying income, subject to a minimum annual tax payment.
Other options would include the possibility that is available to all EU/EEA/Swiss citizens to take up residence in Malta as self-employed persons or as economically self-sufficient persons, amongst others. Resident individual is subject to tax in Malta on the progressive tax rates applicable to residents, depending on the status of the individual concerned without any minimum annual tax payment being so imposed.
The Malta Retirement Programme (MRP) is also available for those EU citizens that may be interested in retiring to a warmer climate where the pace of life is less demanding than in other parts of the continent and the scheme also brings with it other benefits including a flat rate of tax of 15% and others.
At Areti Partners, we can also assist clients seeking to acquire Maltese citizenship through the Malta Individual Investor Programme (MIIP) whereby Malta citizenship is acquired through an Investment Programme. The process requires an application and a due diligence procedure whereby a certificate of naturalisation is issued after a twelve month period.
Our experience in this area allows us to offer a comprehensive and total service to clients seeking assistance with applications and related matters. We are registered as authorised mandatories for the purposes of the TRP, GRP and MRP purposes.
06
Intellectual Property structures in Malta
The ‘Patent Box Deduction’ applicable to royalties derived from Qualifying Patents results in a favourable tax situation in Malta, subject to certain terms and conditions being met. In terms of the rules published in 2019 a “qualifying patent” means a patent registered in Malta or elsewhere, and includes patents where the research, planning, processing, experimenting, testing, devising, designing, developing and similar activity was carried out outside Malta.
Otherwise, other forms of royalty income that do not qualify for the favourable tax treatment described above are still taxed in an efficient manner in Malta. The actual effective tax rate depends on whether the income in question is deemed to be passive income by virtue of having suffered at least 5% in overseas tax, irrespective of whether the tax was levied directly or indirectly, through withholding or otherwise.
At Areti Partners we provide clients with sound advice on the interesting possibilities for intellectual property-owning structures including the application of asset value step-up rules when an overseas entity is continued (re-domiciled) to Malta as part of a restructuring process.