I’ve just collected my Maltese residency card, granted after I’ve made a significant property investment into the country. Â That means I now have a British passport, Maltese and Sri Lankan residency and have shifted my tax base to Malta. As I have also reached the sweet age of 55 that means I can enjoy “white hair” status and effectively reduce my personal income tax to zero – I am paid in dividends that have already had (a lot of)Â tax deducted at source.
(Note: Future 2016 post Brexit Chris comments: In the light of Brexit and the impact of Britain leaving the EU, Maltese residency also grants free EU movement which may no longer be the case with a UK passport)