t: +356.2165.4567 | e: info@prturner.com.mt

  • Why Malta?

    Malta has been placed amongst the top knowledge economies in the world, offering one of the most progressive environments for remote gaming, IT and e-Business activities!
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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members. 

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

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  • Yacht & Shipping Services.

    All types of vessels can be registered under the Maltese Flag whilst benefiting from attractive fiscal inscentives.

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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Trust & Fiduciary.

    Preservation of wealth, protection of family members, anonymity and confidentiality are all benefits of having a trust structure.

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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Residency.

    Malta is becoming a very popular destination due to our stable economy, all year round good weather, general safety and feel-good factor!

    Find out more...
     

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Company Formations.

    Setting up a company in Malta provides numerous benefits for foreign clients, mainly through the Maltese beneficial tax legislation. Our corporate services are delivered through the highest standards of quality.
    Find out more...

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • TAXATION.

    We provide guidance to the taxpayer throughout his business activities both locally and internationally. 

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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

Stamp Duty

The stamp duty is currently at 3.5% on the first €150,000 of the immovable property price. This applies only on the purchase of one place of residence and subject to the purchaser having the intention to establish within the property his or her ordinary residence. (This does not apply for non EU citizens).

20% of the total stamp duty is payable on the promise of sale agreement, and the balance is payable on the deed of purchase. The balance is payable at the rate of 5%.

All Non-EU Nationals have to pay 5% in Stamp Duty on the value stated in the Final Deed of Sale. However EU citizens taking up permanent residence in Malta and who have sold their overseas properties and plan to use their Maltese home as their primary residence qualify to pay 3.5% on the first €150,000 instead of the 5%.

In 2014 the government launched an incentive for ' First-Time Buyers' where an exemption from stamp duty on the first €150,000 is being offered. This means that a maximum of €5,250 may be saved. Both foreigners and Maltese nationals can benefit from this scheme provided certain criteria are satisfied. 

The criteria are as follows:

  • Property buyers who will acquire a home through transfer by inheritance, that will be used as the sole domestic residence;

  • Buyers who are purchasing their first house without ever having had any other property under their name; and

  • Non-residents who do not require a property acquisition permit.

The concession will apply for buyers who have registered a promise-of-sale agreement (konvenju) from July 2013 right up to the end of 2014.

For second home buyers, the stamp duty is that of 5%.