Malta and corporate taxes

Malta and corporate taxes, despite being one of the European states and using the single currency, it has often been falsely considered a tax haven like Panama, not thinking that the latter State has a taxation and a corporate management very similar to that of Delaware (USA).

Malta and corporate taxes

It is also necessary to dispel the myth of being able to pay "only" the 5% of company taxes in Malta, as it is not correct to give this incomplete information to those who wish to work seriously in this State which is also like an oasis in the desert for its historical beauties, the climate and the tranquility that a geo-politically stable and democratic government has managed to give to those who live in this place.

Corporate planning is important for the entrepreneur who intends to internationalize his own company, even establishing it in Malta, optimizing an often heavy tax burden in other European states and obtaining benefits often recognized only to Ltd (Limited company) like the British ones.

The diversity of company law can sometimes cause concern, since the opening of a company in a foreign state is already a trauma and is almost always full of questions, the answers to which will be obtained only with time or with the help of a consulting company that will avoid any inadvertent errors.

For the entrepreneur who decides to open a company in Malta, we can say that these entities enjoy the same corporate law as the English one, in fact this State has inherited the best things from Great Britain, allowing the creation of exceptional business and banking relationships and privileged states in comparison with other states.

In compliance with the law, the manager will be able to obtain advantages in new markets with the opening of his company, obtaining reduced company costs, simple and understandable regulations and above all a friendly tax state that will help him in relations with foreign subjects at the time where the need arises.

The corporate taxes of Malta are not very high also in relation to the excellent services that are provided, settling at an 35% on the taxable amount and a local VAT that does not exceed 18%.

But you don't have to be a finance genius to figure out what the taxes are in Britain are facilitated at 19% and this should make us understand that, after opening a company in Malta, we can very well open another in England which will in turn become the largest shareholder, therefore, based on the Tax Refund on income, once carried out the allocation of corporate profits and paid royalties as well as having monthly turned over the quota for the works carried out by the British company, or for the brand held by the latter and given in the form of sharing by contracting it, our Maltese taxation will be lowered considerably and thanks to the tax refund, the British company will be able to ask the Maltese State for the 30% tax paid on its dividends, bringing the taxation on its share to 5% on the taxable amount left over from corporate expenses.

Stopping is the point that in Britain the tax on the company's revenues will have to be paid to 19% but this is another story.

The fact of paying 5% of taxes on profits accrued by a member also applies when that person has no residence in Malta and in fact he will also be entitled to the return of 30% but will have to comply with the payment of taxes in his own State belonging to the Capital Gain obtained (the 26% on the declared for those who are Italian); this situation cannot be applied to a Maltese resident or Maltese citizen who will have to pay taxes for the full amount, but this is another story.

The SHADOIT BUSINESS CONSULTANCY LTD, thanks to the great experience and professionalism of its consultants, supports and builds together with the potential entrepreneurs perfectly legal situations suitable to obtain cost savings without having to resort to financial tricks that could generate controversial fiscal situations but using and using systems efficient banking, planning and studying low management costs, optimizing the work of companies, providing expert personnel who assist the manager, assisting the company with the enormous IT and financial experience, advising situations where labor costs are low compared to to that of the State of origin.

The solutions to realize one's dreams exist but, one must not improvise and rely on consultants with proven experience

Our consultants are at your disposal, if you are seriously interested do not think about it and contact us


Malta and corporate taxes

System administrator

System Administrator is a figure often questioned by business managers when just talking with this character and the close relationship with the junior and senior systems engineers can very often result in the best solution to secure their corporate digital data.

System Administrator - DPO - GDPR (2016 / 679 EU)

With the new regulation that the European Union has put in place to protect the personal data of individuals, professionals and companies, the System Administrator has become the fulcrum on which almost all the configuration of privacy and GDPR (2016 / 679 EU), as he can also compensate for the figure of the Data Protection Officer (DPO) and work in tune with the programmers, the system operators and the centers that assist the company IT (technical assistance), taking firsthand the often more difficult decisions to which no one can object technically.

The System Administrator or a network system engineer who, to say the least, is a professional figure who integrates and complements the skills of a hardware and software technician, as he must necessarily have all the facets and technical qualities to be able to drive to the assistance and development staff who will have to answer him personally for the responsibilities that he assumes before the property or the professional.

The System Administrator must have managerial qualities and skills in the field of networks and above all of IT security, management of data flows and profound knowledge of the operating systems with which he must interface, but must also know how to interact with company personnel, without losing never mind the human relationship that must always be placed first for the success of the tasks entrusted to him.

This figure will have to deal with every type of computer network putting first the storage of data with backup solutions both local and deferred (remote), using the systems of MX Backup Email for e-mail and planning of disaster recovery activities, aimed at recovering the most complex situations in a certain and rapid time.

Many times we have heard of personal data stolen from banks, search engines and social networks, thinking that the systems had failed their task but we must always remember that for how many padlock the system administrator can put, crackers, often very skilled programmers programmers can make their way and remove them more or less easily in the same way, that's why you need to document everything, update the eventual DPS (Security Planning Document) and take advantage of the remote backup , wannacry (ransomware) should have taught us something.

The information security of our data is not limited by installing simple antivirus, firewall, implementing networking rules and Policy but, it is guaranteed PROFESSIONALLY, only with a careful analysis and daily / weekly monitoring of the LOG, now more than ever necessary as a result of the heavy penalties imposed on managers or professionals holding their own activities.

The computer security sector as well as the good data storage, make the System Administrator a specialist you can not do without, to guarantee the complete adoption of the GDPR (2016 / 679 EU).

Our consultants are at your disposal, if you are seriously concerned, do not think about us and contact us.

privacy - data storage email on private server - business consulting - web statistics - cloud object storage service - remote backup - mx email backup - technical and system assistance - European privacy decree - internet advertising - data recovery from media

GDPR 2016 / 679 EU

GDPR 2016 / 679 EU - General Data Protection Regulation applicable in all Member States, was created to regulate European privacy as citizens and businesses feel their identity, their projects and their choices in danger and over time have involved their own States until they reach the European Parliament and obtain a law that would protect them in their rights.

GDPR - 2016 / 679 / EU - 2016 / 679 EU

SHADOIT BUSINESS CONSULTANCY LTD has always considered important the privacy policy and has worked very hard to set up a service for companies that would be useful to the manager or the professional to comply to the obligation of law, but first we need to understand in depth what is important to know for risks, sanctions and methods of treatment to which we must comply (European original text).

Let's start immediately by saying that only the data processed with the digital form, but also the paper-based data that, regardless of the correct degree of storage per storage place, must be treated anonymously for those who observe us, preserving them from the sight of the one who can be beyond your desk.

The prudence to be used for paper documents, mostly deals with the use of simple folders with only an alpha numeric code that identifies the person or company involved.

The data types that the GDPR (2016 / 679 EU) indicates as relevant for protection and their protection are:

  • Location data
  • Personal data
  • Sensitive data
  • Health data
  • Data contained in smartphones
  • Banking data
  • Accounting data (billing data, etc.)
  • Personal data (religion ... opinion ... etc)

Regardless of the criminal complaint to which we risk meeting, it should be noted that failure to comply with European legislation in part or in its entirety will result in heavy penalties and civil and criminal liability, as well as immediate taxation. the same fulfillment by the law enforcement agencies, as well as administrative verification and a penalty that starts from a minimum of 3000 Euro up to tougher penalties such as a quarter of the taxable present in the deposited budget, up to a maximum of 20.000.000 of Euro for the most serious cases.

In the legislative text, we often refer to the DPO (Data Protection Officer) who can be appointed by the company manager, without however relieving him of his criminal and civil responsibilities.

The DPO is an independent supervisor who will have to support the owner and the company IT manager in guaranteeing and organizing data protection in accordance with the GDPR (2016 / 679 EU), representing, by similitude, a Supervisory Body.

The DPO will be the contact person with the Guarantor for the protection of personal data and can not be represented by the manager or professional but he can not be ascribed responsibility for damages that always remain the manager, director, director or professional.

The reason for which the DPO must be a person external to the company staff, is due to the fact that being an independent figure, will not be subject to interference by the owner and will not suffer the absence of a conflict of interest.

DPO - GDPR - 2016 / 679 EU

The DPO will always have to iterate with theSystem administrator that is the one who operates directly on the company or professional systems and can be represented by a single physical entity, making sure that all the minimum security measures are always based on the backups, verification and control of the logs, the protection policies ( firewall, antivirus, antimaleware, antiransomware etc) are scrupulously respected and there is the conservation of the first mentioned system logs to prove the efficiency of the systems themselves and above all, appropriate documentation must be written that certifies what has been done and no less will carry out any communications of non-compliance, directing them to the company management or to the professional, so that they can be processed quickly and always followed by a written reply certifying the times in compliance with the GDPR 2016 / 679 EU.

With the GDPR (2016 / 679 EU) clearer rules are introduced on information and consent:

  • Definition of limits to the automated processing of personal data
  • Basis for the exercise of new rights
  • Criteria for the transfer of the same outside the European Union
  • Set strict rules for data breaches (data breach)

The law applies to all companies located also outside the European market and affects both companies / professionals who treat services, both those who process products.

In the case of Data Breach, the holder, following the regulations of the GDPR 2016 / 679 EU, is obliged to inform all interested parties in a clear and immediate manner and to offer indications on how to limit the damages; may decide, however, not to inform interested parties if it considers that the violation does not entail a high risk for their rights or if it demonstrates to have taken adequate security measures, or may not give information if the effort was disproportionate to risk, without prejudice that in case of lack of information, he will assume all the civil and penal responsibilities.

Our consultants are at your disposal, if you are seriously concerned, do not think about us and contact us.

privacy - data storage email on private server - business consulting - web statistics - cloud object storage service - remote backup - mx email backup - technical and system assistance - European privacy decree - internet advertising - data recovery from media

Open a company in London

Opening a company Ltd in London with SHADOIT BUSINESS CONSULTANCY LTD offers good reasons that should push you to relocate a business in a low-tax country

Company Ltd London - open a company in London

Opening a company in London, involves a whole series of important and relevant news that makes it impossible for them to fail to argue.

This is a brief statement but, for transparency and seriousness, we believe it is necessary for those who are really interested in relocating or starting their business in the UK, having as much information as possible that will let him know what he is expecting.

If you already have a small-medium business, you can have significant tax savings if you move part of your business to another country; there is no need to be a multinational corporation to deal with international trade.

Many think it is complicated to be able to save on income taxation with the conviction of violating laws, but if things are done in the right way, there are no violations for EU countries and the laws that make up and open a company Ltd. in London is often the best solution.

If for example the owner of an Italian company generates a turnover for 6 millions of euro and the 70 per cent of the trade is generated by Italian customers and the 30 per cent by customers in other European countries having about forty employees all working at the Italian plant the Italian tax pressure being about the 56 percent will lead to a profit of no more than 400.000 Euro from sales made outside the border against a profit there about 600.000 Euro, having shifted the share of international business to the UK, where the tax burden is not higher than 21 per cent.

Here in simplistic and rounded figures, the savings that can be achieved by delocalisation of part of their business in the UK and the opening of a company in London, also bearing in mind that if the owner of the establishment were willing to move to Britain, a further facilitation even on personal income defined as "no dome".

Let's imagine setting up a real office with employees abroad, relocating administration and expanding your business by getting a favorable business climate both in terms of taxation and worldwide recognition as London companies enjoy meritorious fame for seriousness and entrepreneurial competence with good infrastructure and easy reachability.

SHADOIT BUSINESS CONSULTANCY Ltd, knowing the concerns and needs of entrepreneurs, is in charge of helping international clients to open a business in the United Kingdom, providing numerous "packages", made to reach advantageous solutions and proposing the best solutions in terms of tax efficiency to also guarantee a solution for protect bank savings and assets.

The tremendous difference in simplification in the United Kingdom with other European countries allows us to see fair and interesting taxation for those who intend to develop their business honestly and to profit from it without being pressured by laws and tax police states, they will surely bring a huge benefit to the entrepreneur who intends to invest and produce in complete freedom solely on his own business and leads us to open a company in London.

The pressing bureaucracy in other European countries is leading to a generalized recession by increasing production and sales costs while lowering entrepreneurs' profits at the same time, leaving them to abandon their country of origin in order not to end their business.

Our consultants are at your disposal, if you are seriously concerned, do not think about us and contact us.