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CORPORATE SERVICES Inspired Precision

Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

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Page 1: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

C O R P O R A T E S E R V I C E S

• I n s p i r e d P r e c i s i o n •

Page 2: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

C O R P O R A T E S E R V I C E S

ABOUT DÖHLEDöhle Malta is a leading independent corporate and fiduciary services provider and is licensed by the Malta Financial Services Authority (MFSA) to provide corporate and fiduciary services. We specialise in managing corporate structures on behalf of multinational corporations, high net worth individuals and professional advisors.

Our client type is weighted toward the maritime and luxury asset proposition (commercial ships, yachts and business jets). As the business grew and matured, it has also helped clients with a very diverse set of needs.

The group established its operations in Malta in 2012 and opened its office in 2013. The immediate parent company of the Maltese operation is headquartered in the Isle of Man and has been operating as a licensed corporate and trust services provider in the Isle of Man since early 2005.

Based in SmartCity, close to the Grand Harbour in Valletta, the office is staffed by experienced personnel well versed in the benefits of Malta as a financial jurisdiction.

Our reputation is grounded in our clients’ confidence in our ability to excel. We combine a world class infrastructure, keen technical knowledge and an intimate understanding of our clients’ needs and aspirations to provide a personal service inspired by a tradition of precision and trust.

Page 3: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

ABOUT MALTAMalta is strategically positioned at the centre of the Mediterranean, 93 km south of Sicily (Italy) and 288 km north of Africa. It is just three hours flight time away from the major European financial centres.

Malta’s location has historically given it great strategic importance as a naval base, and a succession of powers have ruled the islands. Malta gained its independence in September 1964 and became a Republic ten years later in December 1974. The Maltese islands continued to prosper and 30 years later joined the European Union and became the smallest member country within the block. As a financial centre, Malta has earned a reputation as a progressive and well-regulated jurisdiction following accession to the EU in 2004 and the adoption of the Euro in 2008.

Through the years, Malta’s legislators have consistently focused on providing an attractive and efficient tax system in line with EU legislation, drawing the attention of international investors and leading it to become a highly developed international financial centre.

Page 4: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

CORPORATE SERVICESDöhle Malta provides professional services to corporate and private clients. Our highly qualified and motivated team is on hand to carry out comprehensive administration services to all our clients. We adopt a commercial approach with a high level of expertise and technical knowledge.

We work closely with our clients’ advisers to ensure the best possible levels of service at a competitive and reasonable rate. In many cases we provide a fixed fee for our clients so that there are no hidden surprises and our clients know exactly where they stand.

We have in-depth knowledge of the various regulatory systems across both onshore and offshore financial centres, giving our clients peace of mind. Our team of experienced professionals can offer a personalised service to form a company and administer a corporate structure in Malta or, thanks to our access to an international network of specialist advisors, in the most appropriate jurisdiction to suit the individual ambitions and requirements of a client.

Page 5: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

YACHTINGAt Döhle Malta, our team of experienced professionals can provide a peerless and comprehensive range of services designed specifically for the support and management of superyachts.

These services include incorporation of structures in the opprepriate jurisdiction, VAT leasing structures, yacht importations, temporary importations and yacht registrations. We provide also a cemprehensive range of administration services designed to help owners, agents and captains manage the day-to-day running of their yachts as smoothly and efficient as possible.

In addition our associated company, Döhle Private Clients Limited, is a leading provider of compliance and technical services, crew recruitment, employment and payroll services for superyachts.

Page 6: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

AVIATIONDöhle Malta provides a wide range of services to clients which are looking to establish an ownership structure in order to hold their aircraft. We have a wide network of professional advisors across a range of jurisdictions in order to ensure that we are able to offer clients the most suitable solution to meet both their ownership and registration requirements.

At Döhle Malta we have a dedicated accounting team to manage all VAT, local tax reporting, invoicing and bookkeeping as part of the ongoing administration.

We can assist with setting up the necessary structure to allow the aircraft to be fully imported into the EU to allow full and free circulation. Working directly with the necessary advisors, we can ensure that the establishment of the structure, VAT registration and importation is completed as a seamless process.

Page 7: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

MALTA CITIZENSHIP AND RESIDENCYWe at Döhle Malta can assist clients who wish to take up residency in Malta or even citizenship. Over the years Malta has always attracted foreigners to its shores. Apart from the population’s lifestyle, good weather, warm people and rich history, Malta’s taxation system has always played an important role to attract foreigners to our country.

The Programs are considered to be very attractive as they provide companies and individuals the opportunity to participate in a European country which is fast becoming the jurisdiction of choice for multinational companies and entrepreneurs looking for a hub from where to do business both within the EU and beyond.

Page 8: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

COMMERCIAL SHIPPINGDöhle Malta forms part of the Peter Döhle Group; an international shipping group with more than five decades of global experience. Our continual commitment to providing a fast, reliable and efficient service for our renowned customers is an ethos evident throughout the whole group.

With years of experience in the field, our team is available to assist you in taking full advantage of the benefits of the Malta flag including assistance with yacht and ship registration, incorporation of shipping companies and registration of mortgages under the Malta flag. With numerous offices, subsidiaries and partnerships located worldwide, we are able to provide solutions with other leading Flag States and maritime authorities.

Page 9: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

FAMILY OFFICE SUPPORTWhen combined with our considerable history of managing the affairs and assets of many high and ultra-high net worth individuals across the globe, the benefits of establishing a Family Office in Malta are numerous and clear.

We provide a full range of administrative support and a high level of corporate governance, complemented by a high degree of attentiveness to the individual wishes of our clients.

Page 10: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

ACCOUNTING AND BACK OFFICE SERVICES

Döhle Malta provides fast and cost effective solutions that assist clients in having a strong and efficient accounting function, providing them with all the information readily in hand, thus enabling them to concentrate on what they know best – running their business.

Our in-house team of fully qualified accountants handles all the accounting and tax compliance requirements of companies under our administration, according to the level of service required by the client.

We provide a wide range of management and financial accounting services using industry leading platforms to complement our offering in commercial shipping, yachting, aviation, property and other structures. We work continuously with our clients to ensure the highest level of commerciality and services at a competitive and reasonable rate.

Page 11: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

MALTA’S TAX SYSTEMThe combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with proper planning and structuring, investors can achieve considerable fiscal efficiency using Malta as a base. Its main features include:

• Full tax exemption for dividends and gains derived from qualifying subsidiaries

• Full tax exemption for royalties derived from qualifying patented inventions and copyrights

• Double-taxation relieved by availability of foreign tax credit• Only EU member state with full imputation system• Tax refunds for qualifying shareholders with the net final effective

tax rate of 0% to 10%• Participation exemption for income derived from a participating

holding• Source and remittance basis of taxation for Malta resident, non-

domiciled persons• No domestic withholding tax on outbound dividends, interests

and royalties• No thin-capitalisation rules• No controlled-foreign-company legislation (CFC rules)• No official transfer pricing rules• No entry or exit taxes• Possibility of obtaining Advanced Tax Rulings from the tax

authorities

Page 12: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

C O R P O R A T E S E R V I C E S

www.doehle-malta.com

Page 13: Inspired Precision · MALTA’S TAX SYSTEM The combination of Malta’s tax system and its extensive double tax treaty network with the majority of OECD countries means that, with

Malta

SmartCity Malta, SCM 02 Unit 301,

Ricasoli, Kalkara, SCM1001, Malta

t +356 2744 0305

e [email protected]

w www.doehle-malta.com