Well known throughout Europe, Malta provides many laws that support a great starting point for those looking to become self-employed. In this artic…
Any individual who works in his or her own name, and not in someone else’s employ, falls into the category of self-employed. This entails some tax benefits compared to, for example, companies, since the tax rate to be paid annually on profits is not fixed, but can vary from 0 to a maximum of 35 percent.
However, there are also several burdens: self-employment does not provide for any limited liability that Ltds enjoy, and those who carry it out must take charge of opening a VAT number, as well as the management of tax and social security practices.An individual then chooses to continue as a self-employed person when providing services with direct responsibility. But once the business grows to a certain level, of course, it always pays to transform the activity into a company.
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