Management & Control
With today’s global structures, the issue of management and control, particularly of the Place of Effective Management (POEM) has become critical and subject to scrutiny, especially with tax authorities. It is therefore important for business leaders to seek the right advice to ensure that the corporate structure, governance and decision-making are all aligned and in conformity with rules and regulations.
At Seed we take the issue of POEM very seriously. It is important to get this right from the start. It becomes more much complex and harder to solve issues once they arise so therefore planning it right is critical for any business. That is why our multi-disciplinary team of consultants specialising in corporate structures, tax and law are well-positioned to support you.
The POEM of a company determines, in most cases, where that company is resident for tax purposes. Having the company’s POEM in a different jurisdiction to the country of incorporation, will mean that the company is, in most situations, tax resident in a jurisdiction different to the country of incorporation.
Seed will guide you to ensure that the company takes the necessary steps for its POEM is in Malta, and not anywhere else. This is a concept which goes beyond substance, and which must be given priority from the moment the company is set up.
Ensuring that the company is tax resident in Malta, allowing the company to benefit from Malta’s fiscal incentives
Tapping into Seed’s tax experts who will advise on what steps to take to ensure the POEM is in Malta
Obtaining advice on the various Double Tax Treaties in force in order to benefit from relief provided
Obtaining added value for the company by tapping into local resources, whilst ensuring that strategic decisions are taken in Malta