“Because our business IS ALL about people”
All corporate structures, no matter how complex, are created to serve the interest of human beings all having their own individual background and story. In this sense, all our clients are private clients. The main distinction of our private client specialization is the discipline and the approach where the client himself or his family are the focus of our energy. Be it tax efficiency, asset protection or succession planning.
Corrieri Cilia’s private clients practice is dedicated to assisting high-net-worth individuals and families, trustees, family offices, financial institutions, law firms and wealth management service providers in connection with the planning and structuring of their own or their clients’ private wealth, assets and sometimes…lives.
Our team of advisors can assist in providing guidance and solutions in relation to the Maltese legal, regulatory and tax aspects of such structures for the benefit of private clients of the Firm. We regularly assist clients on the personal tax affairs of individuals and families doing business in Malta or wishing up to take up residence in or citizenship and/or acquire property in Malta. We also advise on the establishment and taxation of Malta trusts and foundations. Through our network of trusted partners and advisors, we can provide solutions to our clients across Europe and various other jurisdictions.
Related
Publications
Highly Qualified Persons
By means of Legal Notice 106 of 2011, as amended, the Maltese government introduced the Highly Qualified Persons Rules (HQP). The HQP intends to attract highly qualified individuals who are able to occupy an “eligible office” within a licensed entity in, the financial services, gaming and aviation industries.
The Global Residence Programme
By means of Legal Notice 167 of 2013 the Maltese government introduced the Global Residence Programme Rules (GRP). The GRP intend to attract individuals who are not EU, EEA or Swiss resident and who are not long-term residents.
High Net Worth Individuals Rules
By means of Legal Notice 400 of 2011 the Maltese government introduced ‘The High Net Worth Individuals – EU/EEA/Swiss Nationals Rules’ (HNWI Rules). The HNWI Rules intend to attract EU nationals, nationals of Iceland, Norway, Liechtenstein and Switzerland.
Acquisition of Immovable Property in Malta
The acquisition of immovable property in Malta depends on a number of factors, including; the person acquiring the immovable property, the time, if any, the person has resided in Malta prior to the acquisition, and the intended use of the immovable property. These factors determine whether a person would be entitled to acquire the immovable […]
The Malta Individual Investor Programme (MIIP)
Citizenship by investment is a mechanism aimed at facilitating the grant of Maltese citizenship to foreign High Net Worth Individuals of reputable standing and their families, who by their investment under the MIIP contribute significantly to the National Development and Social Fund established by the Government of Malta with the purpose of effecting qualitative improvements […]
Taxation of Foundations in Malta
In terms of the Second Schedule to the Civil Code a foundation is defined as an organization consisting of a universality of things, constituted by virtue of a public deed, inter vivos or by a will, by a founder or founders, whereby assets destined either for the fulfilment of a specified purpose or for the […]
Taxation of Trusts under Maltese Law
Taxation of Trusts in Malta Malta has established itself as a reputable trust jurisdiction and the number of authorized trustees keeps on rapidly increasing. The setting up of trusts in Malta is regulated by the Trusts and Trustees Act (Cap 331) which came into force in 2005. The Act provides for the creation of trusts […]
Payment of Social Security Contributions Contingent on the Establishment of Residence?
The title of this article may preliminarily be perceived as self-evident and self-explanatory, nevertheless this apparent clarity becomes nebulous when applied to sea-farers on board Maltese vessels. The general perception pertaining to the payment of social security contributions is that by reason of one carrying out an economic activity and siphoning off a portion of […]
Malta: Private Client Guide 2020
The International Comparative Legal Guide to Private Client 2020 is now live and free to access. Our firm’s in-depth chapter on Malta, authored by Dr. Silvio Cilia and Dr. Louella Grech, covers common issues in private client planning, including pre-entry tax planning, connection factors, taxation issues on inward investment, succession planning, trusts and foundations, immigration […]
The Malta Retirement Programme
Malta, a European country located in the heart of the Mediterranean, enjoys 300 days a year of sunny weather, crystal clear sea waters and warm climate throughout the year. English is one of the two official languages, it has excellent healthcare and low crime rate, making Malta one of the most attractive destinations for retirement […]
Malta Visa and Residence Programme
While you are at home as the world is fighting the pandemic, it is a good time to plan ahead and prepare for the times when borders reopen and flights resume. The Malta Residence and Visa Programme (MRVP) was introduced in 2015 and has been one of the most successful European investment immigration programs allowing […]
Maltese Citizenship for Exceptional Services
On 20th November 2020 the Maltese Government published Legal Notice 437 of 2020 laying out requirements for the granting of citizenship by naturalisation for exceptional services to the Republic of Malta on the basis of humanity and on the basis of exceptional interest to the Republic of Malta, further elaborating on the article 10(9) of […]
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