JOHNNY DOETHE LIFE WHISPERER

Malta Gambling offshore, do i need to form a company

artvandelay555

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artvandelay555New MemberAuthor
Joined
Nov 2021
Messages
7

#1

Im a sports bettor looking to relocate to Malta 1-2 years in the upcoming few months and would like to have more clarity about the nom dom program

As a sports bettor i will bet mostly trough betting partners (bookmakers restrict winners so after a while you have to use betting partners) in tax free gambling jurisdictions Bookmakers like Australia and Central America and i wont need to use any maltese entity and bank

My questions are

1 Is it tax free and tax free risk to do this without forming a maltese company.I would only be using offshore entinties ,partners and banks

2 If the answer in 1 is negative do you you think i would be able to create a maltese comany with such a high risk venture



Martin EversonOffshoreCorpTalk moderator
Joined
Jan 2018
Messages
11,922

#2

artvandelay555 said:

My questions are

1 Is it tax free and tax free risk to do this without forming a maltese company.I would only be using offshore entinties ,partners and banks

2 If the answer in 1 is negative do you you think i would be able to create a maltese comany with such a high risk venture

The money is tax free as long as you don't remit it to Malta. You don't need a company.

artvandelay555New MemberAuthor
Joined
Nov 2021
Messages
7

#3

Ok and do i need to pay taxes on the money i use for luxury rental and day to day expenses with advcash and wise ?

Im assuming i should also have my bets and partnerships with full due diligence in regards accounting/contracts in case they ask questions later

Martin EversonOffshoreCorpTalk moderator
Joined
Jan 2018
Messages
11,922

#4

artvandelay555 said:

Ok and do i need to pay taxes on the money i use for luxury rental and day to day expenses with advcash and wise ?

Use where inside or outside Malta? If remitted to Malta then yes you pay taxes on it. Get an accountant in Malta and don't guess at this.

artvandelay555 said:

Im assuming i should also have my bets and partnerships with full due diligence in regards accounting/contracts in case they ask questions later

Always keep paperwork.

clemensFake user - Alias of JohnLocke
Joined
Jan 2009
Messages
3,641

#5

Isn't it risky to dela with all of this as a person with personal liability?

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