Even Digital Nomads Need A Home Base – A New Visa Option In Malta
Become a digital nomad and explore the world
According to?Investopedia
“Digital nomads are people who are location-independent and use technology to perform their job, living a nomadic lifestyle. Digital nomads work remotely, telecommuting rather than being physically present at a company’s headquarters or office.”
Today, digital nomads can live their lives thanks to content management software, global internet connectivity, and mobile phones that are a thousand times faster than the first PCs.
Employed or self-employed, that is the question
In general, there are two ways to become a?digital nomad: either as a remote worker or as an entrepreneur. A remote worker, also known as a remote employee, is a person who works for a company but not in a traditional office setting. This means that any place with remote work equipment would be suitable, and might be a local café, library, or house, anywhere in the world.
The Entrepreneur?is someone who has opted to start their own business and ‘be their own boss’. As the person in charge of the organisation and day-to-day management of the company, you can work alone or with the help of other employees.
How can you become a digital nomad?
If you believe that being a digital nomad?is for you?but don’t know where to start, consider the following initial steps:
Famous digital nomads
Steve Roberts?was, without a doubt, a pioneer of the digital nomad lifestyle. He became a?digital nomad in 1984, long before the internet as we know it even existed.
Amr Abdou?(@nomadicpharaoh) is an excellent example of a remote worker who went on to launch his own company. He’s been a digital nomad since 2016, ever since he?started working from home. He gained all knowledge he needed to establish his own firm and become an entrepreneur.
Alyssa Ramos?(@mylifesatravelmovie) is another well-known digital nomad and a travel blogger who started the Instagram account @mylifesatravelmovie. She began her digital nomad journey in 2013 and has visited?over 111 countries.
Madeleine Schneider-Weiffenbach?(@pilotmadeleine) became a digital nomad and influencer after being unable to find work as a commercial pilot. At the time of writing, she had over?1.3 million Instagram followers?and had visited six continents.
It’s a good idea to follow other digital nomads if you want to become a member of this exclusive group since they usually provide many valuable suggestions on how to get started as a remote worker or freelancer.
Malta – a home base for digital nomads
There are many exotic places, such as Thailand or Bali, where you might like to spend some time, but even digital nomads should consider establishing a?home base.
Have you realised that leaving your home country may have?legal consequences, or has your bank asked for the?tax residence number? The solution is to establish a home base, which will make your life as a digital nomad easier and help prevent future problems.
For digital nomads, having a residence and a home base is becoming increasingly crucial from a legal perspective. Even if you don’t live there all the time, having a home base, a?“centre of life”, can help you prove to banks and tax officials what you’re doing and where your base is.
There are a?few things to consider?before choosing the right location for your base.
If you want to?relax between your travels, Malta is also the ideal place for digital nomads. Malta is a fantastic centre for your company and life, with all the benefits of beautiful year-round weather, a superb location, and an English-speaking country. It’s also?one of the safest countries in Europe, with a robust public healthcare system.
You’ll never feel alone in Malta?as it’s teeming with other digital nomads, many of whom you will find at newly opened co-living spaces like?@cocohub.?Malta’s super-fast and modern internet connectivity (Malta already has 5G mobile internet), as well as its favourable corporate tax structure, could fuel the growth of your business.
After work, you can always meet other expats from across the world in places like?Sliema or Paceville?for a good party, or if you like a touch of history, explore the magnificent historical side of the Maltese Archipelago. Might I suggest becoming a member of?Heritage Malta;
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you’ll not only receive discounts to all museums and heritage sites across Malta, but you will also have access to unique members-only events, such as the opportunity to spend a night in the 16th century Inquisitor’s Palace.
Are you a huge sports fan? In Malta, you’ll find everything?from golf to baseball?and much more. Water activities such as?sailing, kayaking, surfing, and diving?are among the most popular activities in Malta.
Malta has some of Europe’s best diving spots. You can obtain a?Transport Malta Nautical License,
which allows you to operate a?vessel with a horsepower of 30 hp and a length of up to 24 m!
With the airport’s excellent connectivity, you can be in London, Dubai, Rome, Athens, Paris, Munich, or even Istanbul in a?matter of hours!
The Nomad Residence Permit?– A new visa option in Malta
Have you seen movies like?Assassin’s Creed?or?Gladiator, or are you a big fan of?the?Game of Thrones?series??Have you ever pictured yourself living in the actual setting of those movies? Or perhaps, instead of watching these movies, you would like to wake up and take a quick dip in the warm Maltese sea? That’s certainly more than possible.
The island nation of Malta, strategically located in the heart of the Mediterranean, has introduced a new ‘year-long’ visa scheme?designed specifically for digital nomads.
Malta, with its?glorious year-round weather?(320 sunny days per year) and idyllic location between Europe, North Africa, and the Middle East, is an excellent choice for relocating, especially if English is your primary language.
If you have always yearned to live in countries similar to Spain or Italy (where communication can be somewhat difficult given the preponderance of the Spanish and Italian languages in particular), Malta will surely tick all your boxes.
The island is not only a fully-fledged?EU member?state, but?English?is so widely used that it is also an?official language?– not to mention that the weather is pretty much fantastic. So, Malta could well be the ideal spot for a home base in between your trips.
Digital Nomad Residence Permit – Now available in Malta
“The Nomad Residence Permit enables holders to retain their current employment based in another country whilst legally residing in Malta. This Permit is open to individuals who can work remotely and independent of location, using telecommunications technologies.”
The permit is valid for one year and can be renewed as long as the applicant fulfils the qualifying requirements. To obtain the Nomad Residence Permit, you will need to satisfy the following requirements:
To apply for a Nomad Residence Permit, you will need a?proof of vaccination.?You must also have medical insurance that covers your stay in Malta and pay a €300 administrative fee. Follow this link for?more information?about the?Nomad Residence Permit.
You can also?download?a free brochure published by the Government of Malta.
How can we help?you?
If you see yourself as a digital nomad, entrepreneur, and desire to set yourself up in Malta, then we’re definitely the right experts to get in touch with! Our team of professional lawyers and tax advisers will assist you in relocating your business to Malta and ensure a smooth transition.
Unfortunately, Malta is not for everyone. Why not? Current tax transparency issues make it impossible to “simply move the company”. By the way, this applies to every country and not specifically to Malta.
As a consequence, the domestic?tax office may not “buy”?the offshore company formation, and high back taxes could ensue.
Thus: It is better to do it right the first time and check in advance if it makes sense to fund an offshore company.
There is also no need for an expensive appointment with a tax consultant, with our?DWP QuickCheck, you can?check right now?if Malta is an option for you!
Don’t wait any longer! Follow the?link?and discover today if you’re ready for the next step in your career!
Disclaimer:?The above-mentioned article is simply based on independent research carried out by Dr. Werner and Partner and cannot constitute any form of legal advice. If you would like to meet with up with any of our representatives to seek further information, please contact us for an appointment.