Roger was also elected to the Malta Remote Gaming Council (MRGC) Board (2008-2010 committee). International Ship Owners & Bareboat Charters services. The Malta Gaming Authority ensures that licensed gaming operations are fair and transparent to all players, prevent crime, whilst protecting minors and vulnerable players. With over 500 iGaming companies registered on the island, the sector boasts more than 10,000 workers, which is predicted to double by 2024! By offering a robust legal framework, tax incentives for iGaming companies (5% low tax rate) and a highly. Furthermore, the shareable earnings are held in a trust established under the Laws of Malta and are periodically disbursed to the beneficiaries. Aside from an attractive tax regiment, Malta has. E: info@csbgroup. Specifically on article 16 of such regulation which focuses on the prevention and detection of market abuse. 4 million, bringing the state’s tax share of iGaming and sports betting to $92. Contact Us. Malta Individual Investor Program (MIIP) – an investment with invaluable returns. Specific tax incentives, such as the Highly Qualified Persons Rules (iGaming) and the Qualifying Employment in Innovation and Creativity Rules (applicable to Video Gaming) an effective corporate tax rate of 5%. Low Taxes. Societas Europa (SE) is a public limited liability company regulated under EU law. Renting. February 20, 2017. Dispatch Rider and Company Messenger. E: info@csbgroup. Tax return is to be electronically submitted by 28 November following the end of the. And in the process, it has provoked the ire–even jealousy–of fellow EU members. Expat Tax Rates in Malta. The major requirement for the online gambling types listed below is a that they must have a license issued by the Malta Gaming Authority (MGA). Smarter business. Our professional and quality-driven immigration solutions are geared to assist our clients with their. com iGaming Tax and Licence Fees in Malta. Contact Us. Licensees shall also. E: info@csbgroup. Malta Gaming Companies | 752 followers on LinkedIn. In this context, the VAT Act was amended to allow VAT recovery by taxable persons such as iGaming operators to the extent that the input VAT is attributable to output supplies which are taxed outside Malta, even though in Malta, such output supplies would have been exempt from VAT without. February 8, 2021. It is hard to lose a Maltese tax domicile and likewise, it is difficult for a foreign non-domiciled person to acquire a Malta Tax Domicile. CSB Group has more than 35 years of experience and the expertise needed to help you with all your corporate service needs. Salary range: €25k - €50k. 20,344. We know our customers rely on quality and delivery for their business, and we strive to ensure we give them the best possible service in Malta. Duration: 4 sessions of 2. T: +356 2557 2557. The new strategy proposes. In cases of unfair dismissal, such as the dismissal of a pregnant employee, the Tribunal is the authoritative body to calculate the compensation due by the employer to the employee in respect of wrongful dismissals. F: +356 2557 2558. 35% corporate tax rate shall apply to the profits generated by remote gaming operators. F: +356 2557 2558. As stated in the Malta Financial Services Authority’s (MFSA) Newsletter of November 2015, Directive 2013/34/EU of the European Parliament and of the Council was published in the EU Official Journal on the 29th June 2013, which also repealed the fourth and seventh accounting directives dealing with the preparation of separate and. Enquire. starts here. This Directive expands the inclusion of all gaming sectors in addition to land-based casinos. New VAT rules for entrepreneurs trading in the EU; 2018 Compliance calendar; Certify (Tax. Effective as at 1st January 2021, the Merchant Shipping Directorate published the new Commercial Yacht Code 2020 (the “CYC 2020”) revising and improving on the provisions of the previous Commercial Yacht Code 2015 (the “CYC 2015”). Vanessa Fenech vs SL Shipping Management Company Limited tackled ‘redundancy’ as an element of ending. €14,501 – €19,500 at 25% with a €2,815 subtraction. 199 of 2021) was published on the 30th April 2021 providing a number of amendments to the principal regulations, the Prevention of Money Laundering and Funding of Terrorism Regulations (hereinafter the ‘PMLFTR’). The iGaming industry in Malta began in the early 2000s, when the government recognized the potential of the sector and began actively promoting the country as a hub for iGaming companies. By virtue of Legal Notice 56 of 2017, the Legislator has issued Consumer Alternative Dispute Resolution. CSB Group wins the 2023 SiGMA Europe Award for Corporate Services Provider of the Year. Contact Us. B2B clients are exempt from gaming. So, almost all iGaming jobs in Malta are significantly higher than the average salaries in the country. Specifically on article 16 of such regulation which focuses on the prevention and detection of market abuse. T: +356 2557 2557. A Court of Appeal’s judgement, delivered on the 31 st of October of 2016 by Mr Justice Anthony Ellul, elaborated on the element of redundancy and its implications in Employment Law. Typically, for tax purposes, all gaming services are mandated to pay a tax rate of 5%. This section considers the benefits of pursuing a career in the iGaming industry in Malta: Earning potential. 1. In this case, the annual tax fee is €10,000. com. The corporate tax regime which is keeping a lot of the igaming companies & other foreign companies in Malta is set to finish in 2024 (or 2023?). The Malta Gaming Authority has extended the deadline for licensed Bitcoin casinos until 31 December 2021 in a hope to boost crypto casinos in the country. In the audit carried out by the NAO, it resulted that financial statements presented by gaming operators did not contain the sufficient information with regards to players. Regus is the world’s largest provider of flexible workspace solutions, with a network of close to 3,500 locations across 120 countries and 900 cities, serving over 2. Malta has a Unwavering Economy. The amendments seek to transpose a number of provisions of Directive (EU) 2018/843 of the European Parliament and of the Council of. 03, the Trademark Search and Opposition Rules came into effect in Malta following a consultation and analysis process which was carried out by the Industrial Property Registration Office, which forms part of the Commerce Department, back in June 2018. “These indirect activities include Full. Contact Us. An efficient license process at moderate cost; 3. Since the early 2000s when the first iGaming company set foot on the island, a flourishing ecosystem for the iGaming industry has emerged in Malta. The Malta VAT Guidelines on Gambling services (“the Guidelines ”) expressly specify which gambling supplies qualify for VAT exemption in terms of Malta VAT law, in line with the EU VAT Directive – namely: 1. E: info@csbgroup. Malta’s own Gaming Authority has managed to evolve and respond to market needs to provide a regulatory legal framework second to none. We provide a comprehensive package of legal and advisory services pertaining to all aspects of shipping, including purchasing and leasing of yachts. As from 1st January 2015, Maltese VAT-registered persons required to charge VAT on their supplies within the EU have a right to recover input VAT even though their services are generally classified as ‘exempt without credit’ in Malta. MEDIA ROOM. Smarter business. As trusted Malta tax advisors, we may. Income tax. The nation’s bet to be at the forefront of the budding industry in the early 2000s paid off, with the country becoming a top choice for operators looking to get licensed. While anti-money laundering and combatting the funding of terrorism (“AML/CFT”) was not a new concept to the industry, the inclusion of online gaming in the definition of a relevant activity brought with it. Such licence would allow the. iGaming Companies in operation. This Malta Tax Residence Programme is aimed to attract wealthy individuals from the European Union, Switzerland or the European Economic Area seeking to make Malta their main place of residence and benefit from the tax status on the island. 1 day ago · Alors que le paysage de l'iGaming continue d'évoluer, SOFTSWISS, une société technologique internationale, publie un rapport complet détaillant les principales. Contact Us. F: +356 2557 2558. An annual fee is payable on the day the licence is issued, and on each subsequent anniversary thereafter. Factoring in the employment generated by activities in or associated with the gaming industry, the total employment in the gaming sector in Malta at the end of 2022 is estimated to be 15,774, representing approximately 5. During the Bachelor course, Francesca […]A set of amendments to the Prevention of Money Laundering Act (Cap 373) have come into force today, the 7th February 2020, upon the publication of Act No. Malta gaming license cost. In order to provide a gaming service or a critical gaming supply from Malta or to any person in Malta, or through a Maltese legal entity one needs to be in possession of the relevant. Malta has become the destination of choice for a large majority of serious iGaming operators looking for a stable economy, advantageous tax rates and a skilled workforce. Gaming License Types in Malta – Detailed Guide. 12) (the “Regulations”), as issued under the Gaming Act, Chapter 583 of the Laws of Malta. Contact Us. Tax Incentives: Malta offers attractive tax incentives for iGaming businesses, making it a cost-effective choice for. In. Smarter business. T: +356 2557 2557. About us. Typically, for tax purposes, all gaming services are mandated to pay a tax rate of 5%. The influx of foreigners looking to work, live and looking into investing in Malta created more demand for luxury properties and this sector continues to grow. T: +356 2557 2557. com. The EU’s fourth Anti-Money Laundering Directive, which needs to be transposed into Maltese national law by the 26th of June 2017, upgrades existing regulations to combat money laundering and counter terrorist financing. Smarter business. January 24, 2023 Malta is an attractive and reliable leading destination for opening and operating iGaming companies. Within this document are reported key findings about Business Risk Assessments (BRAs) implemented by. GZIRA, Malta, 23 de noviembre de 2023 /PRNewswire/ --. Any person in possession of a licence issued by the MGA shall pay the Authority the appropriate non-refundable fixed annual licence fee. Malta's own Gaming Authority has managed to evolve and respond to market needs to provide a regulatory legal framework. The government has implemented tax structures that support business growth, making Malta an attractive and competitive option for companies looking to establish a presence in the online gaming sector. The non-resident shareholders of a licensed company, whether natural or corporate, are eligible to obtain, and avail. August 10, 2016. The regulatory framework for iGaming business in Malta has established a number of incentives and advantages. Selling giant crosswords during Christmas on the streets of Stockholm and delivering freshly baked bread rolls on Saturday mornings to Neighbours funded endless lattes and fuel for our mopeds :-) At 20 I moved from Sweden to London. starts here. In cases where a vessel does not qualify, income tax can be as little as 5% through Malta’s full tax imputation system. Get expert advice from our iGaming team. Smarter business. However, while gambling is popular with. With a supportive regulatory environment, a highly skilled workforce, and a favorable tax system, Malta is an attractive destination for companies looking to enter the online gaming market. This implying the set-up of a worldwide obligation to disclose to French tax authorities the full details of any trusts which have a French resident settlor, beneficiary or which have. There's also a compliance contribution, whose amount – again - depends on the license type. 8 per cent of total household consumption expenditure. The iGaming industry in Malta is booming with growth set to continue well into the next decade. Despite the prolonged pandemic, Malta’s economy fared relatively well during the past year. +356 22030000. Graphic design roles in iGaming: €25k+. The industry and the Malta Gaming Authority have worked tirelessly together to continuously raise the bar. iGaming Tax and Licence Fees in Malta; Malta iGaming Licence Types; Key Function Services; International Gaming Jurisdictions; Co-location Services and Hosting Services;. Malta has long been considered a hub for the iGaming industry, and for good reason. 2. MEDIA ROOM. E: info@csbgroup. Globally the iGaming industry is worth more than. This Act is commonly referred to as ‘The Company Service Providers Act, 2013’ and. COVID-19: Changes in the Expatriates Unit of Identity Malta. com. See more. Should you have any questions, please do not hesitate to get in touch with us on gaming@csbgroup. See updated tables for 2023 Malta operates a progressive tax rate system, the more you earn the more you pay. As of 1 January 2015 the place of B2C supplies of electronic services by any supplier will shift to the country where the customer/player is established or usually resides. iGaming careers in Malta: WhyiGaming represents Malta's leading iGaming companies. starts here. This consultation brought the implementation of Legal Notice 335 of 2017 entitled ‘Grant of Citizenship for Exceptional Services Regulations’ which has to be read in conjunction. Enquire. B2C operators are charged 5% gaming tax on the gross revenue generated from Malta-based players. Initial Coin Offerings (ICOs) is a method where a company looking to raise capital can sell cryptocurrency to investors in the form of tokens. 91 per month. Trustworthy financial services institutions; 4. Companies that are opening an iGaming business in Malta need to apply for a valid gaming licence, which is granted by the Malta Gaming Authority (MGA). MEDIA ROOM. F: +356 2557 2558. As a seasoned iGaming expert, he contributed to various Malta Gaming Authority (MGA) committees on gaming standards. The Consolidated Group (Income Tax) Rules, 2019; Recent development on Tax; IRD News; Tax Credits for the refurbishment of hotels ; Skills Development scheme; Family Businesses: Reduced Rate of Duty; Malta’s Response to EU’s Anti-Tax Avoidance Dir. A Gaming Tax is due to the MGA every month. E: [email protected] Tax and Licence Fees in Malta; Malta iGaming Licence Types; Key Function Services; International Gaming Jurisdictions; Co-location Services and Hosting Services; Accounting Services. This commission will deduct 1. MEDIA ROOM. Malta’s journey from being a pioneer in iGaming regulation to becoming a global hub for the industry is testament to its commitment. This is especially evident through the increasing number of luxury property developments. The state has also benefited from sports betting to the tune of $3. MEDIA ROOM. With a competitive tax structure that significantly reduces the financial burden on startups, operators can. He holds over 16 years of consultancy experience to international clients on the various possibilities presented by Malta as a Financial Services Centre. iGaming Services. Mazars in Malta is a leading audit, accounting, tax and advisory firm. Class 3: P2P, Betting Exchanges, Skins, Tournaments and Bingo – 11%. E: info@csbgroup. Malta’s pro-business stance and favorable tax incentives contribute significantly to its appeal for iGaming companies. Malta Tax Residency. com. Gaming Industry Malta: Malta has been a leader in respect of online gaming regulation for almost two decades now. “These indirect activities include Full. Discover the extraordinary opportunities offered by the Malta Residency Programmes for non-EU nationals. iGAMING SERVICES. The iGaming industry in Malta has grown from strength to strength becoming a globally renowned powerhouse. To encourage and welcome iGaming firms, Malta offers reduced rates of income tax for employees of remote gaming companies. The tax on online gaming is extremely moderate. The Maltese flag allows the registration of all types of vessels including pleasure yachts, commercial yachts, ships, and oil rigs; No trading restrictions apply for vessels registered with the Malta flag; Vessels less than 25 years old may be registered with the Malta flag; Transport Malta, as the authority responsible for shipping in Malta is. On the 25th of January 2022, the MFSA issued the new crowdfunding rules (“the Rules”), referring and detailing better the provisions as listed in Regulation (EU) 2020/1503, termed the European Crowdfunding Service Providers Regulation (“ECSP Regulation”) that was recently directly applicable from the 10th November 2021. International Ship Owners & Bareboat Charters services. The purely territorial system when dealing with taxation schemes means that only income derived or generated in Malta is taxable under the. World Health Organisation (WHO) has declared the COVID-19 outbreak as a pandemic and consequently a lot of jurisdictions are taking the necessary precautions to limit the contagion. have been involved in various online businesses including the remote gaming industry since its inception in Malta in 2004. Art director: €45k+. We have in-depth knowledge and proven experience in the iGaming, insurance, and asset management industries. At IGA Group we aim to make your business journey as smooth as possible. Today’s top 390 Igaming jobs in Malta. Regus – Co-Working, Serviced Offices & Meeting Rooms. Malta operates a full imputation system which means that the effective rate of tax can be as low as 5%, depending on the situation. The Crypto Exchange (VFA Exchange) The establishment of a Crypto Exchange, will require a Class 4 VFAA licence. com. It has to be clear. CSB Group has more than 35 years of experience and the expertise needed to help you with all your shipping & yachting service needs. . Malta tax rates are very affordable. F: +356 2557 2558. The Industrial Tribunal insists that a resignation from an employment should not be equivocal. For the Business Risk Assessment, a tailor-made evaluation of all relevant business risk areas faced. Get expert advise from our iGaming team. iGaming, and digital technology, while several leading aerospace companies have established subsidiaries there; Logistics: Malta’s location in the Mediterranean is economically. After all, this country has certain traits that make it a perfect online gambling hub. The same thing can be said about the Curacao license. Any Malta-based company is subject to a 35% corporate tax rate. The Anjouan Gaming License is the ideal choice for startups and established entrepreneurs. Our gaming tax advisors can guide you on the. Sharon manages the company’s primary marketing channels and works hand-in-hand. Professionals sometimes pay as little as. In order to receive such a license, the applicant needs to go through a lengthy application process, which in some cases, can take up to 18 weeks. Any income declared in this section must be supported by a Payee Statement of Earnings (FS3); Income which is covered by final withholding tax (e. T: +356 2557 2557. The Personal Tax return includes various sections for the different types of income. Smarter business. CSB Group offers a “one-stop-shop” service to online gaming operators by assisting in setting up / re-locating their iGaming operation to Malta. This is payable monthly and is based oin the gaming revenue generated from players located in Malta. Bookkeeping Regulations and Obligations in Malta. He. Construction contracts are also deemed to constitute capital goods. Contact Us. Contact Us. An attractive EU-approved refundable tax credit and tax consolidation system and; 5. Directive 2006/112/EC contains a mandatory VAT exemption in respect of the. These include the United. Malta, the island of choice for iGaming. Local or foreign companies which are engaged in employment activities in Malta, are required to keep full records for each employee, to include amounts paid as salaries, bonuses, allowances, any other additions, together with any deductions required by law relating to income tax and social security contributions. The Rule book commences by stating that any person who is providing a VFA service in accordance. Aside from an attractive tax regiment, Malta has. The corporate income tax rate in Malta reaches 35%, but for non-residents tax benefits are possible. With such a well-established, comprehensive regime, the iGaming Industry in Malta has trail-blazed its way to continuously improve compliance standards and setting the standard on a global platform, especially within the past 5 years. Our VFA Services. NOUV also assisted us in obtaining Malta igaming licence/s, including the handling of the ongoing, Audit, Tax and. I was 14 when I landed a job at the cafeteria at the local swimming pool. CSB Group is a Malta based corporate service provider with expertise in corporate tax structuring, financial services, Malta company formation and company services, back-office services, professional investor funds, corporate law firm and fiduciary, corporate services and general administration to businesses and private clients worldwide. Why Is iGaming Important For Malta? iGaming, or the online gambling industry, holds significant importance for Malta due to several compelling reasons: 1. Contact Us. Currently operating with 62 members from 58 countries and states. The MFSA issued a Notice to Financial Services Licence Holders informing them on the Financial Action Task Force (FATF) identifying jurisdictions with strategic deficiencies, as outlined in the recent publication of two public documents. With its accessibility, coverage, quick processing times, cost-effectiveness, and zero gaming tax on gross gaming revenue, Anjouan provides a favorable alternative to other jurisdictions like Curacao. The two areas of interest were identified by the regulator in a H1 2022 interim report covering January to June in a section discussing the local iGaming sector’s. The provision of any facilities for the placing of bets and wagers, including the services of book makers, betting exchanges. The Malta Retirement Programme Rules. Here are some key aspects of the iGaming regulatory framework in Malta: Licensing and Application Process To obtain an iGaming license in Malta, operators must go through a rigorous application. com. The guidelines are to a great extent similar to the interpretation which applicable to long-term yacht leases. Malta is a hub for iGaming, fintech, finserv, IT, eCommerce, crypto, blockchain, and more; Malta is a safe and stable country with low crime rates; The business environment is welcoming and flexible; Regulators are approachable and fair; There is a vast network of double taxation treaties; Malta implements a full tax imputation system on. Progressive tax rates are imposed on both resident and non-resident individuals in Malta. iGaming Tax and Licence Fees in Malta; Malta iGaming Licence Types; Key Function Services; International Gaming Jurisdictions; Co-location Services and Hosting Services. The registration of trademarks in Malta is regulated by the Trademarks Act, Chapter 597 of the Laws of Malta (the “Act”), and all subsidiary legislation thereunder. E: [email protected] Group has more than 35 years of experience and the expertise needed to help you with all your tax service needs. A number of laws and regulations have been drawn up to create the regulatory framework that covers the activities licensed by the Malta Gaming Authority (MGA). Cyprus Tax system is fully aligned with EU and International regulations. iGaming Tax and Licence Fees in Malta; Malta iGaming Licence Types; Key Function Services; International Gaming Jurisdictions; Co-location Services and Hosting Services. A state-of-the-art telecommunications infrastructure; 2. Alternative dispute resolution (ADR) refers to a variety of processes that help parties resolve disputes without resorting to Court. In sum, gaming taxes are largely capped at a maximum of € 466,000, per annum. ”. The number of Superyachts over 24m in length flying the Malta flag has increased from the previous year by 6. T: +356 2557 2557. Senior Manager. Drafted in conjunction with the Malta Institute of Accountants, these Implementing Procedures – Part II are intended to clarify how particular obligations arising from the. The Commissioner for Revenue, through this document, is seeking feedback in relation to a set of transfer pricing rules drafted with a view to implement legislation prescribing the. com. In order. MEDIA ROOM. This Directive expands the inclusion of all gaming sectors in addition to land-based casinos. Direct gross value added generated by the iGaming Industry in Malta amounted to 12% Gross Domestic Product. F: +356 2557 2558. T: +356 2557 2557. 75%. Smarter business. By virtue of the inclusion of the Subsidiary Legislation 123. Any excess on the said sum is exempt from tax. Our iGaming Law Services. Module 1: International tax planning – base case. The nation’s bet to be at the forefront of the budding industry in the early 2000s paid off, with the country becoming a top choice for operators looking to get licensed. The role of the Honorary Consul is guided by the Vienna Convention on Consular Relations. As leading specialists within the Online Gaming industry in Malta, we perform Key Function roles to act as directors to gaming operators licenced by the MGA. Low Tax Regime – Only 12. T: +356 2557 2557. The provision of any facilities for the placing of bets and wagers, including the services of book makers, betting exchanges and any. Cryptocurrency Regulations & Services in Malta. Malta is a small Mediterranean Sea island nation that has become a hub for the iGaming industry due to favourable regulations and tax policies. Online gambling in Malta is growing each year. The Government of Malta has published a bill to set up the office of the Arbiter for Financial Services, who will have the power to mediate, investigate and adjudicate complaints filed by a customer against a financial services provider. The Residence Programme (TRP) Rules were. This quick process allows iGaming startups to expedite their entry into the market, reducing downtime and accelerating revenue generation. During a Korea-Malta business forum organised by Malta Enterprise in collaboration with KOTRA and the Korean Embassy to Italy, ambassador Lee from the Embassy of the Republic of Korea to Malta announced that KOTRA’s presence. July 9, 2015. The iGaming industry in Malta has grown from strength to strength becoming a globally renowned powerhouse. The Highly Qualified Persons Rule: The Benefits. F: +356 2557 2558. by iGamingCapital. There's also a compliance contribution, whose amount – again - depends on the license type. In sum, gaming taxes are largely capped at a maximum of € 466,000, per annum. com. When compared to a lot of other jurisdictions within the EU, Malta has favourable tax rates, which makes it ideal for iGaming companies. starts here. The Malta Gaming Authority has identified two potential drivers of change that could impact Malta’s iGaming industry: regulatory developments and corporate taxation legislation. The Merchant Shipping Directorate recently published Merchant Shipping Notice 171 announcing the entry into force of the Malta Passenger Yacht Code (hereinafter ‘PYC’) with effect from 25th May 2021. Until this moment, the relocation of the UK iGaming companies was of the best interest to British-based gambling companies. May 13, 2021. The Malta Gaming Authority (MGA) has since been considered a flagship authority within the gaming industry. Contact Us. Subsidiary Legislation. The Mill Adventure. starts here. Malta has been on the forefront by implementing precautionary measures and financial aid measures. MEDIA ROOM. The luxury real estate sector in Malta has been expanding for several years, particularly in the last decade. Why Choose Malta? It is no accident that so many iGaming companies eye Malta as a perfect destination for their business. com. The Island boosts internationally renowned business parks that offer all-inclusive serviced office space or recognised real estate brands that can give. The 35% tax rate is paid on all corporate revenue. Contact Us. Class 2: 0. Malta’s own Gaming Authority has managed to evolve and respond to market needs to provide a regulatory legal framework second to none. Get expert advise from our iGaming team. Design salaries in Malta. Such posting shall be done according to the required terms and conditions and procedures. Malta, the island of choice for iGaming. MALTA (October 26, 2023) — Malta has emerged as a significant player in the iGaming sector since 2004, thanks to its innovative gaming framework. An HQP applicant will have to submit a prescribed form (endorsed by the relevant authority) to the local. Malta and iGaming. Enquire. The iGaming sector’s growth has resulted in job creation, increased tax revenue, infrastructure development, and a boost to tourism in Malta. VFA, BLOCKCHAIN & FINTECH SERVICES. Primarily, it is to be highlighted that a cell company is a company formed or established as such or converted into a. The Transfer Pricing Rules shall come in to effect as from 1 st January 2024 in relation to any arrangement entered into on or after that date, and for those arrangements entered into before that date, the. 4% to 1. com. A combination of historical acceptance, favorable tax conditions, and a high-tech infrastructure all make it a prime choice for iGaming providers. Maltese law-making in the iGaming industry has been pioneering and shown tremendous foresight. Other taxes include VAT, stamp duty and customs and excise duty. The beneficial tax and gaming regulatory approaches help create the ideal conditions for any company within the online gaming industry to base themselves in Malta. F: +356 2557 2558. +356 21237277. Incentives for iGaming, Financial Services, Innovation, Digital. 4% to 4%. The Malta Financial Services Authority (“MFSA”) has on the 31 st August, 2018 issued the final chapter for consultation in relation to Virtual Financial Assets Service Providers. Global Residence Programme – GRP. When it comes to opening an iGaming company in Malta, one has to be aware of the lengthy license application process, license types depending on the type of gaming desired and the tax and administrative fees required by the Malta Gaming Authority (MGA). The report, commissioned. September 14, 2022. By comparison, state tax. Contact Us. Applicants eligible for The Malta Highly Qualified Persons Programme will benefit from a flat tax rate of 15% up to a maximum income of €5M. mt. Standard procedure: If applying after 36 months, a contribution of €650,000 for the Main Applicant and €50,000 is added for each additional dependent; 2. January 31, 2022. The Malta IIP has positively impacted the Maltese economy, raising over €800M since 2014, and has been used to finance different projects. Specific tax incentives, such as the Highly Qualified Persons Rules (iGaming) and the Qualifying Employment in Innovation and Creativity Rules (applicable to Video Gaming) an effective corporate tax rate of 5% and a wide array of double taxation treaties with various countries worldwide, puts Malta at the forefront of the game. EducationHaving read her Law degree at the University of Malta, she was conferred a Bachelor of Laws degree in 2016 and a Master of Advocacy degree in 2017. Following the publication of the CYC 2015, which proved to be an industry. As a general rule, full VAT payment at the rate of 18% is payable when the place of supply of the service is in Malta; however, in cases where the actual effective use and enjoyment of the pleasure yacht would be outside EU waters, there is an adjustment method that would apply. E: info@csbgroup.