Malta is considered a very attractive jurisdiction by foreign investors wishing to relocate business to the island. Such benefits include tax, investment immigration opportunities, tax and social benefits, a distinctive lifestyle and a stable economic ecosystem.
Strong Financial Services Sector
In addition, Of Malta the service industries, in particular the financial services sector, are consistently emerging as very strong and innovative, facilitating and adding value to the whole business process. in Malta. A highly trained and motivated workforce and relatively low labor costs also do Malta an ideal place of choice in this regard.
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Tax and Legal Framework
Malta is one of the few European countries to adopt a full imputation system, which is one of the main advantages of Of Malta tax system along with the fact that Malta has an extensive network of double taxation agreements and a refundable tax credit scheme.
A company that is founded in Malta be taxable on a worldwide basis and typically taxed at our standard corporate tax rate of 35%, however, upon distribution of dividends to the shareholder, such shareholder becomes applicable for a refund of income tax on the shareholder. Malta tax paid at company level.
With the full imputation system, profits taxed at company level are not subject to further shareholder level tax, as the latter receive full credit for any taxes paid by the distributing company. profits.
The refund rate depends on several factors and can be either 2/3, 5/7 or 6/7, with a 6/7 refund applicable to trading companies. Malta also adopts the participation exemption regime, ie any dividends or capital gains derived by a Maltese company from a qualifying “participating holding” in a subsidiary are exempt from tax in Malta. Finally, Malta does not withhold any tax on dividends paid to its shareholders.
Business infrastructure in Malta
Malta is a small island, but it is equipped with a high standard infrastructure in which everyone wants to start a company Malta waiting to find out.
Commercial and Residential Property
As the construction industry is very strong, the island is not without modern property and is very ready to meet different budgets. The most popular business areas in Malta are those closest to the Marsamxett Port area which include Sliema, Gżira, Ta ‘Xbiex, Msida, Pieta, Valletta and St. Julian’s, however, other areas conveniently located in well-connected areas, such as Swatar and Imriehel, are also in high demand.
Anyone looking for a residential property can be assured that a wide selection of property is available for sale or rent on various budgets and in any desired location.
Malta it is quite advanced when it comes to IT infrastructure. Such types of services include co-location and hosting services, data centers and cloud services and internet services. A robust government information systems architecture, along with established service providers, ensure that anyone interested in doing business in it Malta will have access to a secure, affordable, efficient and reliable system in place.
Business Support Services
Outsourcing any support needed to ensure that all business needs are met is a very cost-saving exercise. Malta boosts a number of professional service providers who can efficiently manage corporate requirements such as the submission of annual returns to the Malta Business Register or the services of a director or secretary, audit and accounting, payroll, recruitment, employment law, compliance and regulatory advice.
The workforce in Malta it is highly renowned for its skilled and multilingual population consisting of both local and foreign workers. In addition to the Maltese language, English is also an official language Malta, which makes communication easy in the business itself but also with customers all over the world. Italian is also widely spoken and candidates with a good knowledge of French, German, Spanish and another language are also very common.
Despite being an island, Malta is highly accessible via both sea and air transport connections to major airports and subsidiaries on the continent Europe u North Africa. Regular and frequent flights to and from Malta are operated by several airlines that make use of Malta International Airport.
In addition, the small size of the island is convenient for short travel times from all places around the island. In addition to public buses serving routes around the island, many transport companies offer 24-hour immediate transport services to anywhere in the world. Maltaparticularly upon arrival at the airport.
Immigration and Investment Incentives
A number of citizenship and residency programs are available, enabling qualifiers to meet a robust due diligence process, to take citizenship or residency in Malta. While some programs give residence to Highly Qualified Persons and Professionals in Key Jobs, other programs are an investment incentive to give an EU passport or a residence permit to qualifiers who are interested in making a profitable investment in Malta.
Of Malta history that serves as a center of trade and commerce for foreign rulers over the centuries perhaps donated Malta and Maltese inherited a gene and a propensity for discussion and business. Inevitably marked by the 150-year-long legacy of British rule, traditional British ways are still very evident in the Maltese way of conducting official business.
Business introductions in Malta they are often characterized as formal, requiring appropriate attire and the other party is addressed by their title and surname at the first meeting. From then on, after the business papers and details have been exchanged and a working relationship established often during coffee or snack, the initial formalities are quickly discarded.
Generally, business hours coincide with what are considered standard office hours. Maltausually Monday to Friday between 8am and 5pm and sometimes Saturdays between 8am and 12pm. The capital of Valletta and Sliema and St. Julian’s nearby are the areas where many Of Malta commercial and business activity is centered. These areas are easily accessible and well supported with all the modern day facilities and amenities.
Malta it has been repeatedly ranked as a strong and stable economy by major credit rating agencies such as Moody’s, S&P and Fitch. As described by leading economists, Of Malta The economy is highly volatile, which means that if it is affected by either a local or a global crisis, such as the COVID-19 pandemic, its economic size will make it possible to get back on its feet in a shorter time than a larger economy.
This translates into a secure economic climate that is also safeguarded by highly regularized industries, a robust anti-money laundering system and an extremely low likelihood of natural disasters.
The content of this article is intended to provide general guidance on the subject. Specialist advice on your specific circumstances should be sought.
Mr Malcolm FerranteCSB Group The Penthouse, Tower Business Center, Tower Street, Swatar BKR 4013 MALTA Tel: 25572557 Fax: 25572558 Email: [email protected] URL: www.csbgroup.com