Services for Malta
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Papilio Services Limited
Papilio Services Limitedis a leading independent Maltese service provider with a focus on corporate, residence and tax advisory services to private clients and businesses worldwide. We provide holistic tailor made solutions for persons or businesses wishing to set up business in Malta.
Our Malta tax advisors can assist in the initial services related to Malta company formation but importantly we support the business through the entire life cycle by providing corporate, tax and back office services in order to meet your companies’ obligations and compliance duties.
In general trading companies based in Malta are charged a corporation tax rate of 35% on any profits made during the financial year. However, the Malta tax system is unique in the fact that it offers shareholders that are not based in Malta a refund of 6/7th on the tax paid, which would bring the effective rate of tax down to 5%.
Trading Companies in Malta
We assist active trading companies with setting up a company in Maltaor move effective management and control to Malta. Malta, as a member of the European Union is an ideal place to base a business for companies that carry out a lot of intra EU trade as it offers an advantageous tax system, low VAT rate, strong legal framework and a multi lingual and educated work force.
We have helped many online businesses set up in Malta by advising on the setting up of tax efficient companies using the beneficial Malta tax system. The clients we have successfully helped start an online business in Malta range from online auction websites, online trading e-commerce companies, social media businesses and licensed and regulated businesses such as forex trading companies.
Setting up an iGaming business in Malta is a viable option for a lot of companies as the country offers a number of attractive taxation benefits. Although a license is needed to carry out any gaming activity, the process is fairly straightforward and the industry is well regulated. We can assist with the setup, licensing and ongoing operations of different types of gaming businesses in Malta such as online casino games, fixed odds games, fantasy football games, online poker, peer to peer (P2P) and slots games to name a few.
Blockchain, Crypto and ICOs in Malta
Recently, Malta has come to the forefront of the cryptocurrency world and has taken the first steps to regulating Distributed Ledger Technology (DLT).
Malta has been proactive and resourceful in its efforts to provide a legal framework for DLT allowing blockchain companies to easily set up a base on the island. With the entry of giant cryptocurrency exchange platforms like Binance and OKEx who have already set up in Malta, the Mediterranean islands are fast positioning themselves as the premier destination for cryptocurrency and blockchain businesses due to its friendly regulatory framework.
The Maltese Government published three bills relating to Distributed Ledger Technology (DLT) on 22 May 2018. The bills were the following: The proposed Virtual Financial Assets Act (Bill), The proposed Innovative Technology Arrangements and Services Act (Bill), and The Malta Digital Innovation Authority Act (Bill).
Intellectual Property Companies
Malta has a number of tax efficient provisions in the area of intellectual property rights and intellectual property registration. We can assist with setting up tax efficient royalty income structures and can assist inventors, novelists, software companies, writers of tv programs and films to name a few.
Contact us for more information by filling out the form below or calling us:
Tel +356 2122 7553