COUNTRY:
Malta - Start-up Residency Program
The start-up residency programme in Malta is an initiative designed at attracting non-EU nationals. The scope of this program is to attract and support innovative start-ups to set up their businesses in Malta. The programme is run by Malta Enterprise, which is the government’s agency responsible for promoting and supporting economic development in the country.
The start-up residency programme offers a range of benefits to qualifying start-ups, including:
- Office space: Start-ups are provided with a fully equipped office space in a state-of-the-art business centre.
- Legal and administrative support: Start-ups are provided with assistance in setting up their business, obtaining necessary permits and licenses, and navigating the regulatory framework in Malta.
- Funding: Start-ups may be eligible for financial support through various grant schemes and other funding opportunities.
- Networking and mentorship: Start-ups are connected with a network of industry experts and mentors who can provide guidance and support.
To qualify for the start-up residency programme, start-ups must meet certain criteria, including having a scalable and innovative business idea, a dedicated team, and a solid business plan. They must also be willing to relocate to Malta and commit to establishing their business there.
Overall, the start-up residency programme in Malta provides an excellent opportunity for entrepreneurs and start-ups to establish themselves in a thriving business environment and benefit from the support of the Maltese government and business community.
- Reduced corporate tax rate: Start-ups that qualify for the programme can benefit from a reduced corporate tax rate of 5% for the first year of operation, and up to 35% thereafter, depending on the level of profits.
- Tax credits: Start-ups that invest in research and development (R&D) activities can benefit from tax credits of up to 45% of their qualifying R&D expenditure.
- Exemptions on certain taxes and duties: Start-ups may be eligible for exemptions on certain taxes and duties, such as customs duties, stamp duty, and registration tax.
- Double tax treaties: Malta has an extensive network of double taxation treaties, which can provide start-ups with access to a global market and help them reduce their tax liability on foreign income.
These tax benefits are designed to encourage innovation and entrepreneurship in Malta and help start-ups to grow and thrive in the country. However, it’s important to note that there are certain conditions and requirements that must be met in order to qualify for these tax benefits, and start-ups should seek professional advice before taking advantage of them.
