With millennia of history, the country has always played a pivotal role internationally due to its location right at the heart of the Mediterranean. In the more recent past, since independence in 1964, the country has developed its economy in an impressive way.
In a nutshell… Why Malta?
- A strong national commitment in attracting foreign investment;
- Highly skilled, flexible and multilingual workforce;
- Availability of industrial premises at competitive rates;
- Fiscal and financial incentive packages;
- Excellent educational facilities;
- Robust laws based on EU legislation;
- A strong banking system;
- High professionalism in business support services;
- Economic, political and social stability; and
- A healthy and safe environment
About Malta
English, a joint official language with Maltese, is universally spoken and written and is the language used in both education and business. Many Maltese are fluent in Italian while some also speak German and French.
Malta has excellent flight connections. The national carrier Air Malta operates to numerous European and a number of North African destinations, with regular flights. There are also a large number of international carriers operating to and from Malta.
The island is a member of the European Union, the Council of Europe, the United Nations and the Commonwealth.
The climate is superb, and is especially ideal for yachting and sailing. Nightlife, romance, good food… in Malta something is always happening. The weather is perfect for outdoor sport and leisure activities, from horse riding to swimming and diving in the blue waters, to cycling and trekking in the countryside all year round.
For foreigners working and living in Malta, the combination of an efficient business climate, excellent infrastructure and driven workforce, enhanced by the relaxed holiday environment in which they operate, offers a unique and magical experience.
For expatriates, the living costs in Malta are considerably lower than the main countries in central Europe, and the international schools reflect this low cost of living. In addition, the good climate and relaxed pace of life make it an attractive location for expatriates and their families.
As an EU jurisdiction with favourable tax rates, Malta is set to establish itself as the place of choice for businesses. In addition, the participation exemption on dividends and capital gains derived by Maltese companies from their overseas investments, the absence of transfer pricing and the Controlled Foreign Corporation (CFC) rules, an extensive double taxation treaty network and the refundable tax credit system attract groups of companies to set up their trading and holding companies in Malta.
Maltese standard time is one hour ahead of Greenwich Mean Time (GMT) and six hours ahead of US Eastern Standard Time (EST) so business runs smoothly with the international community.
For further information about Malta and about our firm, please do not hesitate to contact one of the firm’s partners on infoact.com.mt.