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The Firm

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What do we do?

Established in the year 2000, John V Caruana C.P.A. provides a wide range of services for both local and international clients. Its professional staff is the real source over competition.

How do we do it?

Our Firm uses its vast experience to assist local businesses grow and international companies to establish and operate in Malta. I use all its business contacts to support the clients in all their needs and to develop their business.

Why us?

The firm is a sized accountancy firm in Malta. Though small it provides a wide range of services for both local and international clients. Its professional staff are the real source over competition. The firm values the skills, strengths and perspectives of its diverse team. Since inception, the firm fosters a participatory relationship among the team members as well with the clients.

This give and take relationship enables all parties to be involved in a process that advances the client’s business objectives. The firm uses its experience to assist local businesses grow and international companies to establish and operate in Malta. The firm uses all its business contacts to support the clients in all their needs and to develop their business. It assures all clients, full commitment and a very personalized service.

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About Malta

Benefits

Malta as an ideal choice is not something which we are saying but rather this has been lauded by reliable sources such as the ‘International Living Magazine’ (January, 2011 issue), which has recommended Malta as the best place to live in. Such accomplishment is characterized by our pleasant climate, geographic position, low crime rate, sound banking system.

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  • guarantees political and social stability
  • offers excellent ICT infrastructure (in fact Malta is referred to as the Smart Island)
  • endowed with highly flexible, qualified, competent and English-speaking workforce
  • has the largest online gaming sector in Europe (EC Green Paper 2011)
  • line to become an aviation hub with the creation of a state-of-the art aviation park
  • has the largest ship register in Europe
  • the 2nd safest country in the word (from the UN World Risk Report, 2011)

The application of double taxation relief and the provision of tax refunds render Malta’s effective tax rate the lowest in Europe (generally at 5%). From a corporate perspective all these together with other benefits such as the participation exemption render Malta ideal for setting holding companies. This does not limit Malta’s ideality when it comes to the holding of trading, manufacturing, research & development, gaming, ICT , patents, aviation and shipping activities. Moreover courtesy of the Malta Enterprise, today Malta is in a position to offer a wide range of incentives which seek to promote and aid investment in various sectors.
From a private client perspective, Malta also has a lot to offer. Besides enabling persons to enjoy the

sun all year round, Malta offers highly attractive personal tax schemes. Principally in the case of foreigners, Malta levies no taxation on worldwide income but only on Malta source income and foreign income received in Malta. In addition, foreigners may benefit from other schemes such as the High Net Worth Individuals Scheme and the Highly Qualified Persons Scheme which involve a flat tax rate of 15% on applicable income. For individuals deriving UK pensions, Malta is even more ideal, since it has now become one of the jurisdictions which meets the HMRC regulations for a UK Qualifying Recognised Overseas Pension Scheme (QROPS). Find out more about these schemes – Find out more…

Malta firmly and proudly refrains:1. from withholding any taxes on outbound payments of dividends, interest and royalties; from withholding net wealth or real estate taxes.

2. from applying CFC, Thin Capitalization and transfer pricing regulations.

Geography, Culture & Society

Geographical Location Malta is located in the centre of the Mediterranean, 93 km to the south of Sicily and 290 km to the north of Africa, at the crossroads of Southern Europe, North Africa and the Middle East. Its strategic location makes it an ideal launching pad to enter these markets. Most European and Middle Eastern capitals are between two and four hours flying time away.

The Island Malta is a small archipelago of islands consisting of Malta, Gozo, Comino and two uninhabited islands.

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Area316 km2
International
dialling code+356
Capital CityValletta
Currency unitEuros
Internet domain.com.mt
Average temperatureDec till Feb13.2oCJune till Aug25.8oC

Political Stability Malta is a small, developed, democratic Mediterranean island nation. There are no domestic or foreign policy issues which threaten Malta’s stability or integrity.

Foreign Relations Malta enjoys good relations with all countries in the Mediterranean region. Malta pursues a policy of active neutrality. Malta benefits from the Association Agreement with the EU, allowing products manufactured in Malta to enter the EU duty free. Malta also benefits from the GSP scheme of preferences.

Infrastructure Malta’s infrastructure – air links, transport & logistics electricity grid, telecommunication systems – are of an international standard. The road network is extensive but in need of upgrading.

European Union Malta is one of the 10 accession countries that joined the EU in May 2004. Consequently, Malta has many EU convergent regulations already in place, and all new legislation conforms to that of the EU.

Standard of LivingMalta enjoys a rich cultural and social life. Malta has a mild climate, with warm dry summers and mild winters and 300 days of sunshine a year. The cost of living is still comparatively low. Property costs are rising, but are still relatively cheap and ample by international standards. Education and health systems are of the highest levels and compare well with those of mainland Europe.

History of the Maltese Archipelago

Malta is a small archipelago of islands located 93 km south of Sicily at the crossroads of Southern Europe, North Africa and the Middle East. Its strategic location makes it an ideal launching pad to enter these markets. Most European and Middle Eastern capitals are between two and four hours flying time away.

At the centre of the Mediterranean, the Maltese Islands enjoy a wealth of heritage. They were once home to ancient civilisations and Europe’s nobles. Malta’s location at the heart of the Mediterranean is the key to its rich history.

At the crossroads of maritime routes, the Islands have been a home, stronghold, trading post and refuge over 7000 years of history. From temple builders, seafaring Phoenicians and the traveller Apostle Paul, to the Knights of St John, Napoleon and British royalty – all have set foot here leaving their imprint for you to discover.

The Islands have several World Heritage sites: the enigmatic, prehistoric temples; Malta’s baroque capital Valletta, founded by the Knights; and the walled, medieval capital, Mdina, where descendants of Norman families still live today. The palaces and cathedrals of Valletta and Mdina house some of Europe’s finest treasures.

Wander around the sister island Gozo and explore gems of a rural life largely untouched by time. And hike across a rugged, terraced landscape fashioned by man over a millennium ago.

The Islands present a kaleidoscope of past and present: a fascinating legacy of European culture and rural Mediterranean traditions.