Celebrating the Achievements of Attard Baldacchino on Mondaq

Attard Baldacchino has made significant strides in the legal and professional services industry, particularly through its insightful contributions on Mondaq. The articles have provided valuable information and garnered recognition and awards, highlighting their expertise and influence. Here are some of their notable achievements:

1. Top Contributor in Media, Telecoms, IT, Entertainment

Attard Baldacchino’s article “Navigating a Top Digital Nomad Visa Option in Europe: The Malta Nomad Residence Permit” has been recognized as a top contribution in the Media, Telecoms, IT, and Entertainment category. This article provides a comprehensive guide on the Malta Nomad Residence Permit, detailing the eligibility criteria, application process, and benefits for digital nomads looking to live and work in Malta.

Summary of the Article: The article summarizes the most frequently asked questions from individuals who are applying for the Malta Nomad Residence Permit, MNRP for short. These questions help those individuals who apply for the MNRP to have guidance and understand what is expected of them for their application and their paths toward renewing said permit to live and work in Malta.

2. Excellence in Immigration Law

Their comprehensive guide on “Specialist Employee Initiative and Key Employee Initiative” has earned them accolades in the Immigration category. This article delves into the various immigration pathways available in Malta, including work permits, residency options, and the legal requirements for each.

Summary of the Article: Last year, Malta implemented a new system of “Fast track” work permits for those with specialist skills and those who were already classified as Key employees. The programmes here aimed at attracting individuals with specialist skills to start their life in Malta.

3. Leadership in Real Estate and Construction

The article “Understanding Maltese Property Purchasing Laws and Procedures” has positioned Attard Baldacchino as a leader in this field. This piece provides an in-depth analysis of the real estate market in Malta, covering topics such as property acquisition, development regulations, and investment opportunities.

Summary of the Article: This article explores the dynamics of Malta’s real estate sector, highlighting key trends and opportunities for investors. It discusses the legal framework governing property transactions, including the roles of notaries and real estate agents. The article also addresses zoning laws, building permits, and environmental regulations that impact real estate development. Additionally, it offers insights into the residential and commercial property markets, emphasizing the benefits of investing in Malta’s growing economy.

4. Top Performer in Tax Law

Another significant achievement is their recognition in the Tax category for their article “Malta Digital Nomads Subject to New Tax Rules As Of 2024”. This article offers crucial insights into Malta’s tax regulations, including corporate tax structures, personal income tax, and compliance requirements.

Summary of the Article: The Government of Malta has introduced new tax rules for digital nomads, effective from January 1, 2024. These rules apply to individuals holding a valid nomad residence permit issued by the Residency Malta Agency (RMA). Under the new regulations, digital nomads will be subject to a flat income tax rate of 10% on income derived from "authorised work".

“Authorised work” is defined as services provided by an eligible main applicant through employment with a non-resident employer or self-employment for clients who are not based in Malta and do not operate through a fixed place of business in Malta. This income will be considered the initial part of the individual’s total chargeable income for a specific assessment year in Malta.

Additionally, digital nomads will be eligible for double taxation relief, provided certain conditions are met. This means they can avoid being taxed twice on the same income if they have already paid taxes at a rate of at least 10% in another country.

These changes aim to provide clarity and a more favourable tax environment for digital nomads residing in Malta, making it an attractive destination for remote workers.

Attard Baldacchino’s consistent performance and recognition on Mondaq highlight their commitment to excellence and their ability to provide valuable insights across various legal domains. Their achievements are a testament to their expertise and dedication to their clients and readers.