As South African entrepreneurs and individuals search for stability and global business opportunities, Malta has emerged as a destination of choice.
The Mediterranean island has become a strategic destination offering significant advantages.
In addition, it offers seamless market access for South African entrepreneurs and individuals seeking stability and global business opportunities.
MALTA: FAVOURABLE TAX AND BUSINESS DESTINATION
Malta is a strategic hub offering significant tax advantages and seamless business access to markets across the European Union.
Dr James Muscat Azzopardi, Director at Credence in Malta, says that in addition to Malta’s Global Residence Programme which offers favourable flat tax rates of 15% on foreign income remitted to Malta, it also provides a strong framework for expats looking to optimise their tax position while retaining SA citizenship.
Additional benefits for South Africans moving to Malta or operating a business there include exemptions from capital gains tax, wealth and inheritance taxes.
Muscat Azzopardi spoke about preferential tax and business options in Malta.
“Unlike South Africa’s worldwide income tax model, Malta’s tax system can deliver substantial savings for expatriates, particularly for those with foreign investments or retirees drawing pension income,” he said.
EUROPEAN UNION MARKET ACCESS
As well as tax incentives, Malta’s affiliation with the European Union (EU) provides South African entrepreneurs with direct access to one of the world’s largest markets.
Thus, simplifying cross-border operations.
Several South Africans have established a business presence in Malta.
This is due to Malta’s stable business environment and its proximity to European markets.
QUALITY LIFESTYLE IN MALTA
Aside from its tax and business appeal, Malta provides an attractive lifestyle, excellent infrastructure, and a secure environment.
This unique combination has indeed made Malta a popular choice among high-net-worth families as well as retirees from South Africa.
“The growing trend of South Africans relocating to Malta reflects its suitability for those seeking both a favourable tax environment and a quality lifestyle,” Muscat Azzopardi said.
EU RESIDENCE
Malta’s residence programmes allow the applicant and their family to live in Malta permanently and provide visa-free travel across the EU for 90 days in a 180-day period.
European Union membership means that South African families acquiring Maltese citizenship through investment can live, work and study in any of the 27 EU member States without any restriction.
Malta has a powerful passport offering visa-free access to over 170 countries, including the United States and Canada.
Therefore South Africans seeking mobility, preferential tax regimes or opportunities to expand business interests find Malta a destination that suits their needs.
What are your thoughts on living in Malta?
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