High Taxes in Sweden and Low Taxes in Malta Makes Swedes Relocate

Business men and women starting up in Malta with low tax.

Malta is an extremely appealing place for many individuals to move to and set up a business. Regardless of business reasons you may also personally fall in love with the island.

Malta’s tax system is truly favorable for businesspersons and stakeholders. It additionally offers a solid environment to those searching for a steady, protected and appealing business condition. Maltese people who are a resident of Malta are liable to personal income taxes on their worldwide income which is 0 to 35%.

Why a Foreigner Should Relocate to Malta

Non-Maltese individuals can get very beneficial tax dealing by turning into an inhabitant of Malta. As a foreigner, you can qualify for one of the exceptional housing schemes and as a consequence, the allowance of duty will apply.

Tax System for Foreigners in Malta

Newcomer inhabitants in Malta are not accountable to income tax in Malta on income ascending outside the Malta which is not dispatched to a Maltese bank account. Additionally, foreigner people in Malta are not responsible for paying income tax on any foreign-sourced capital increments. They do not have to pay any tax even when they transfer these funds to a Maltese bank account.

Almost Tax-Free Malta

There is no legacy tax, no aptitude tax and no capital tax in Malta, which are added benefits. There is just stamp tax to be paid on transfers of Maltese real estate (5%) and on transfers of specific shares in Maltese companies (2%).

Attractive Tax-Friendly Environment in Malta

Malta offers magnificent opportunities to financiers, rich persons, and stakeholders. In combination with a tax-efficient but reasonable structure, you can qualify yourself to pay very little excise duty in Malta. Malta offers various housing schemes to non-natives wishing to migrate with a specific end goal to have a Mediterranean lifestyle. They can also enjoy a tax-friendly environment in a location near to Europe, Africa, and the Middle East. The decent commercial atmosphere that Malta has to offer appeals a lot of businesspersons from everywhere throughout the world.

High taxes in Sweden, from birth to death.

High Tax Rates in Swedish

Sweden is a country with phenomenal high tax charges. The regular employee pays 30 percent of his revenue as visible taxes and additionally pays around 30 percent in hidden taxes.

Living in Sweden - Pay Tax from Cradle to Grave

Living in Sweden, you are literally paying taxes from birth to death. Each time you move, you need to report the Tax Agency of your latest address within seven days. Even in the case of death, your family has to inform the Tax Agency. The doctor who confirms you dead needs to update the Tax Agency. Your heartbroken families will need to get the ‘cremation or burial’ certificate required for the funeral from the agency before they can say their final goodbyes.

Pay Tax for Every Single Breathe

High tax rates in Sweden are causing Swedish to continuously relocate to Malta. Relocating ratio has tremendously increased for last few years. High tax rates in Sweden have caused the native and other citizens to live almost hand to mouth. They are paying taxes up to 60% of their salaries. It would not be wrong to say that Sweden is the place where you have to pay even for consuming “Oxygen”. In fact, it is true and people are actually paying for the “Oxygen” they are consuming.