Daphne, checked with a friend who works as a consultant out of Toronto; and he confirmed that when he invoices his clients he also has to add HST (Harmonize Sales Tax). The HST is the combines Federal and Provincial Sales Tax. The HST rate varies from province to province. The applicable rate in Ontario is 13%.

[Daphne – Thanks, but my point was that the money won’t be going to the Maltese exchequer, as it would if all invoices were issued in Malta.]

At this point repost a picture of the fat frog.

To redistribute wealth, I suspect.

collecting fees

Well, what rubbish. What, then, is the role of Henley and Partners Malta Limited?

“The due diligence and the government interaction aspects in the citizenship programme, which will be administered by Henley and Partners Holdings plc, will be ring-fenced and carried out by separate group entities to avoid any potential conflicts of interest, according to Eric Major, the company’s CEO.”(Times of Malta)

The Government will be charged VAT for Henley’s services. Henley can’t sell the passports directly because they do not own them. Which means Henley would presumably recover their commissions against an invoice issued to the Government.

[Daphne – This post refers to client fees and not commission from the government. Those can be invoiced from any one of Henley & Partners’ offices. You will have noted that my friend’s enquiry was dealt with by the Canadian office. Presumably, it would then have been the Canadian office which invoices him for the firm’s fees.]