Any regrets? Do you know people who have moved away?

mantasmo wrote:

Employ yourself with a small livable salary, make the holding company a majority shareholder and use that to reinvest money back into the business or buy stuff (cars, boats, property) or whatever you want.

It really is that easy. Company setup costs are very low, banking services are good.

Hit up one of the bigger firms for help with this (Chetcuti Cauchi, etc).

and while you're there find out what it means to not be domiciled in Malta

Mantasmo (April 11): Spot on post!
Exactly the things I miss too... Can't wait to spend this summer on the spectacular coast of British Columbia! I might just curl up under a tree for 2 months and listen to the silence.

volcane wrote:

mantasmo wrote:

Employ yourself with a small livable salary, make the holding company a majority shareholder and use that to reinvest money back into the business or buy stuff (cars, boats, property) or whatever you want.

It really is that easy. Company setup costs are very low, banking services are good.

Hit up one of the bigger firms for help with this (Chetcuti Cauchi, etc).

and while you're there find out what it means to not be domiciled in Malta

Erm I don't think you understand what "domicile" means in Malta. There's resident, ordinarily resident and domiciled. Unless you're a Maltese citizen you are resident/non-dom...

Anyways in terms of company setup you can do all of that while living (resident) in Malta or from abroad. The only thing that you can't do is pay yourself from your holding company accounts or simply draw cash from your trading company/business... but it shouldn't be needed anyways.

There's another option of setting up a Malta trading company + Cyprus holding. That way you can be resident in Malta, pay a small salary+taxes in Malta and send the rest of the monies to your Cyprus holding. You can then use that money for personal expenses as long as it never enters Malta (bank account) - so card purchases online, travel, vacations, etc.

Seek professional advice with all of this obviously. Consultations are really cheap - even at the biggest firms. And services are pretty cheap as well (4-7k range for a full two company setup depending then like 3-4k yearly fees again dependent if you have complex payroll requirements and such).

None of this makes any sense if you make like 15-35k/year. But when you get past that amount it starts to pay off big time.

Promoting tax evasion is not good.

@sjan The post you replied to is from 2016