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A member of the European Union since May 2004, Malta has a proud and rich history and cultural heritage rooted in its key strategic location on the Mediterranean. Blessed, with a glorious year-round climate, stunning architecture and fine infrastructure of schools, hospitals and tourist amenities.
Despite being the EU’s smallest member state, Malta has been one of the most exciting countries to watch and invest in. Over the years, the island’s leaders have been on a mission to make Malta a magnet for financial services. It was their vision to turn the island into a platform for International business and to develop a model economy, which has regularly been among the best in the EU.
In no small part, Malta’s rise into the ranks of Europe’s leading financial centres has been driven by the island’s reputation for stability, predictability and security which has made it an exception among other global financial centres. A robust, EU-compliant regulatory framework, diverse ecosystem and deep talent pool also helped financial service companies from around the world to find opportunities in Malta.
Behind Malta’s ascent is a combination of sound policymaking and pro-business environment. Home to a population of just over 421,000 people, Malta’s development has largely been attributed to its focus on knowledge and value added industries. While financial services has become a key pillar of its economy, Malta also boasts a thriving tourism industry, is home to a large maritime sector cluster and supports a host of other sectors including ICT, advanced manufacturing and life sciences.
The Maltese legal structure is a hybrid system of Civil and Common law. While it is based on the civil law pattern of continental Europe, most administrative and fiscal legislation is constructed on the British model. This offers Malta a particular advantage in company formation as practitioners have a cultural affinity with both systems and can easily bridge the gap between continental European and Anglo (UK) legal frameworks. The incorporation procedure usually takes one week.
Minimum Annual Government Fee or Franchise Tax: Registration of an annual return, €163.06 where the authorised share capital of the company does not exceed €11,646.87 Requirement to File Annual Return
Malta’s economy is stable and one of the best performing economies in the European Union in terms of GDP growth. A good selection of luxury property is available. A number of developments have been earmarked by the local authorities as Special Designated Areas (SDA), where there are no restrictions on acquisition for foreigners. Malta is a signatory to around 62 double tax treaties, many of them guaranteeing that profits generated from the sale of immovable property in Malta shall be taxable only in Malta.
Descendants of ancient Carthaginians and Phoenicians, with strong elements of Italian and other Mediterranean stock, the Maltese are said to be among the most international of peoples. With a history that has seen a succession of foreign rulers, the islanders have acquired a unique ability to adapt to new ideas and to adopt and improve the best of them to their ultimate advantage. Generally welleducated and qualified, 90 per cent of Maltese are bilingual in English and Maltese, and many also speak a third language, usually Italian, German or French.
Around 60 double taxation treaties Secure location for savings and assets. The country’s banking sector has been judged the 13th soundest in the world Malta’s banking industry is diverse and provides a wide range of services, including custodian banking, trade and project finance as well as specialist.