Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

In Focus: Malta Citizenship By Investment Programme

Thu 1st Dec 2016 | Money & Finance

Despite being the EU’s smallest member state, Malta has been in the spotlight as one of the top countries to consider doing business in and benefit from special tax status residency programmes.

Over the years, the Maltese government have developed a consistent strategy to attract foreign investments into the country and become a leading financial hub in the world with regional ties with Norther African markets and the Middle East. 

The island has become an attractive proposition for non-European football players looking to gain Maltese citizenship under the Malta Individual Investor Programme. As Malta is based within the EU, this then allows them freedom of movement within the European Union and thus allowing them to play for any European club.

Another attractive feature of the programme is the opportunity of visa-free travel throughout the Schengen zone, which can ease the administrative burden for travel requirements. The programme also allows for successful applicants to add their dependents, which in turn also gives them the opportunity to benefit from the programme.  

Malta Citizenship by Investment Programme – European passport

The “Malta Individual Investor Programme” is the first citizenship by investment programme in the European Union to be approved by the European Commission.

Eligibility and requirements can be found here in an informative video interview: Malta Citizenship by Investment Programme

We have successfully assisted and advised high net worth individuals and their families complete the whole application process and effectively gain citizenship through naturalisation.   

What are the benefits of considering moving to Malta?

The Maltese islands are attracting many football players with great weather all year around, easy integration with local communities and crystal clear seas alongside sandy beaches. Situated in the centre of the Mediterranean Sea, with very easy access to all major cities in Europe and North Africa, Malta offers daily flights to major European and North African cities. Strategically located between Sicily and North Africa, having the option to be close to your football club is of great importance to many.

Malta also has built up a reputation as a financial services centre of note and has attracted many investors with its attractive fiscal and tax incentives. If planned correctly, Malta is a very tax efficient jurisdiction to hold and manage intellectual property rights. This affords the football player or his/her advisers a myriad of tax planning opportunities with regards to his/her image rights, estate planning and wealth management. Thus, giving the football player the opportunity to maximise his/her earning potential and safeguard his/her economic future.

Doing business in Malta

Doing business in Malta has never been easier and the island’s leaders have made it a particular focus to attract direct foreign investments in Malta by offering advantageous tax incentives. The competitive Malta tax system is a unique system that goes against the usual classical tax system that is utilized in most other countries. In addition, Malta has negotiated in excess of 70 double taxation agreements which further compliment the tax system.

A key component often over looked is that Malta is a European Union Member State and thus benefits from the parent subsidiary directive which restricts the double taxation of dividends from a subsidiary to a parent company that is situated within another European Union country. This once again affords a number of tax planning opportunities for the professional sportsperson.

A robust, EU-compliant regulatory framework, diverse ecosystem and highly-skilled workforce help contribute to the success story of European Malta.

Private client advisory services

Papilio Services Limited specialise in offering private client services to high net worth individuals with a strong focus on bespoke residence, tax advisory and corporate services. The company is fully licenced by the Malta Financial Services Authority and Identity Malta.

Posted by: Aaron Gourley 


RETURN TO LATEST NEWS SECTION
SUBSCRIBE TO THE FCBUSINESS RSS FEED
 
If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Shrewsbury Town’s Safe Standing Crowdfunding Campaign Success

Tue 17th Oct 2017 | Money & Finance

In an historic achievement, Shrewsbury Town Football Club are one step closer to being the first club in England and Wales to introduce safe standing at their Montgomery Waters Meadow stadium,...

Average Premier League Ticket Costs £32

Fri 13th Oct 2017 | Money & Finance

The average price of watching a Premier League match costs £32 according to research released today. The Premier League, working with professional services company EY, has conducted in-depth...

FC Barcelona to become world’s top earning sports club

Thu 12th Oct 2017 | Money & Finance

FC Barcelona announced on Wednesday the financial reports that it will present at the Club’s Ordinary General Assembly on 21 October, when it will share the annual report with member delegates...

Premier League clubs must sell over 2 million tickets to earn back total transfer spend this season

Thu 5th Oct 2017 | Money & Finance

Each year, the summer transfer window is the most highly awaited time of year for football fans, and clubs alike. It's an opportunity to sign top-quality players to heighten the club's chances of...