Tax in Malta: questions and answers
Why invest in Malta?
Malta is one of the countries with the highest growth forecasts in Europe, and taxes are very low, especially compared with Italy. Investing in Malta offers a stable, secure return.
How much does it cost to buy a home in Malta?
There is only one answer: it depends. On what? Malta offers every kind of property investment, from one-bedroom apartments to villas. Our team of experts will guide you in choosing the right home to buy in Malta.
How much are notary fees?
Notary fees in Malta are calculated case by case and are generally lower than in Italy. The Mediterranean Group Ltd team will be at your side at every stage of the purchase to support and advise you.
How are taxes paid in Malta?
There are two kinds of taxes in Malta: for individuals and for companies. Individuals are only taxed if they are actually resident, while Maltese companies whose shareholders are non-resident can pay an effective rate of 5% on their profits. Malta’s tax system is among the most attractive in Europe, especially for business. Contact us to find out more.
Are there annual property taxes in Malta?
No. There is no recurring tax on property, whether you own one unit or a hundred. There is no property tax, municipal tax or waste tax as such.
Do I have to file a tax return in Malta?
Yes. Companies must prepare annual accounts. Our group’s tax adviser, who has worked with Maltese and European companies for over 30 years and speaks fluent Italian, will support you in running your company.
Can I receive my Italian pension in Malta?
Malta offers very favourable conditions for retirees who want to move to the island. Once the necessary documents have been submitted — we will help you prepare them — you can receive your pension in Malta every month.
What is the average cost of living in Malta?
The cost of living in Malta is similar to that in Italy.
How can I find work in Malta?
Malta is attractive thanks to the growing number of companies opening offices or moving their headquarters to the island. The economy is expanding and the government is investing in infrastructure, creating new opportunities. We can also advise you on finding a job.
Do I need special documents to travel or move to Malta?
No special documents are needed beyond the usual identity documents. Passports and identity cards are recognised in Malta, as the island is part of the Schengen area.
How can I start a business in Malta?
With its expanding economy, the island offers great opportunities to start a business in many sectors, and makes it easier for non-resident Europeans to set up companies, with an effective tax rate of 5%. Call us and talk it over.
How do I get to Malta?
There are flights from all over Italy, many of them daily. The best-connected airports include Turin (1h50), Milan Malpensa (1h45), Milan Linate (1h45), Bergamo Orio al Serio (1h45), Venice-Treviso (1h45), Bologna (1h30), Pisa (1h30), Rome (1h), Bari (50 min), Lamezia Terme (35 min), Catania (25 min), Palermo (35 min) and Cagliari (1h).
From Sicily you can also reach Malta in just 2 hours by catamaran from Pozzallo.
How does healthcare work in Malta?
Malta has a modern healthcare system, one of the best in Europe. EU citizens are entitled to the same care they receive at home.
Is medical care free?
Free care is provided to the same extent as in Italy.
Are there goods that cannot be brought into Malta?
Malta is part of the Schengen area, so free movement of goods is guaranteed, although some customs restrictions apply.
Are there Italian schools in Malta?
There are currently no Italian schools in Malta. Maltese schools follow the British school system, and there are both state and private schools.
Which currency is used in Malta?
Malta has used the euro since 2008.
Which languages are spoken in Malta?
English, Maltese and Italian are spoken in Malta; there is even an Italian-language newspaper on the island. Our whole team, and all the professionals in our group, speak fluent Italian and English.