About Malta

Malta is located in the middle of the Mediterranean Sea, enjoying close proximity to mainland Europe, North Africa and the Middle East. Its European Union membership also adds to it being an ideal hub for European and Mediterranean business ventures and beyond.

The country boasts a rich history dating back to some 7,000 years. Having been ruled by various empires at different stages in the country’s history, every aspect of its historical development has contributed to the modern, multicultural and thriving nation that it is today.


Socio-Political Make-up

The island prides itself in its stable economy which is highly rated amongst credit agencies. Additionally, The World Markets Research Centre has appraised the island with negligible overall risks.

The country’s law system is based on Roman law with French influence primarily through the Napoleonic code. Additionally, English common law is influential to Malta’s legislation. Maltese legislation is drafted in both Maltese and English whilst proceedings in court may also be carried out in the latter. Furthermore, the country boasts a high quality of life and a low crime rate.

Whilst English and Maltese are the official languages of Malta, English is the language used in education and business. Further to this, Italian is widely spoken whilst German, French, Spanish and Arabic are also spoken yet to a lesser degree. Translations are also easily available.

In terms of the education system in Malta, approximately 25% of the young population attend university or tertiary education institutions and standards in the working world are thus held high.


Foreign Direct Investment

Malta’s attractive jurisdiction is a testimony to the country’s determination to attract foreign direct investment. Such incentives are targeted at companies which manufacture high-value products, carry out some level of research and development, or are involved in specifically identified industries such as IT, pharmaceuticals, remote gaming, marine and aviation.


 VAT

In today’s fast-paced environment, where complexity seems to be the only constant, it is ever more critical for traders to comply with indirect tax obligations, namely VAT.

Inefficiencies in tax structures and lack of VAT planning can represent a major cost burden on taxpayers and legal uncertainty.


 A European Model

The island is a frontier state in the EU and 290 kilometres north of the nearest point on the African coast, thus serving as a strategic position for trade. The country naturally bridges the gap between the two continents across the Mediterranean. The strong connections with all neighbouring countries set Malta in a prominent position to achieve various business objectives.

The country thus maintains an exceptionally attractive jurisdiction and a supportive business environment, boasting highly qualified personnel complemented by high levels of accountancy, legal and educational systems.


Strategic Location

Throughout the ages, Malta was indeed a focal point in the Mediterranean as a result of its strategic location, albeit for different reasons and matters of circumstance. Modern times are no exception, and although still better known as a tourist destination, Malta is becoming an increasingly important launching pad for successful business investments. This notion has been recognised by numerous international companies such as HSBC, Lufthansa, De La Rue, Aventis, Playmobil, ST Microelectronics, Microsoft, Betsson and Vodafone.


 Why have a presence in Malta?

If you are still uncertain whether Malta is the right business location for you, below is a quick check-list:

  • Full adoption of IFRS’s based financial statements
  • Low minimum capital requirements
  • Low corporate registration and maintenance costs
  • Report in the currency of your choice
  • No Maltese withholding taxes on remittances of dividends, interest, and royalties to non-residents
  • Extensive Double Taxation Treaty
  • Highly competitive labour costs
  • High standard of living
  • European time zone
  • High-quality workforce particularly fluent in English.
  • Tax efficiency opportunities
  • Quality Professional services
  • Political Stability
  • Variable share capital companies
  • Licensed trustee services
  • Choice of accounting year-end
  • Single centralised corporate regulator
  • Tax payment deferrals in particular circumstances
  • Stamp duty exemptions
  • Defined capital reduction rules