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ARX Trustees Limited
188, 21st September Avenue
Naxxar NXR 1012, MALTA
Tel. + 356 2010 6700

WHY MALTA

Malta makes a superb home and base in Europe

Country's Profile

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.

Incorporating a company in Malta is relatively easy and only takes a couple of days

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.

Annual Requirements

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

Key Facts:

  • An English-speaking nation
    With a history stretching back thousands of years, Malta is the European Union’s smallest member state. However, the country’s size is no barrier and Malta has positioned itself as a hub for international business.
  • Depth and breadth
    As a small nation, flexibility, innovation, competitiveness and adaptability have been elements of Malta’s development since the country began to fend for itself after independence from Britain in 1964. In the past few years, Malta has attracted record volumes of new business to its shores. Financial services have been identified as a key priority area for economic growth.
  • Easy communication
    Inherited from the British, English is to this day the joint official language with Maltese, and is universally spoken and written. It is the language of legislation, education and business. Central base. Malta’s capital city, Valletta, built by the Knights of St John in the 1500’s, is the main business centre and the administrative heart of the country.
  • Full parliamentary support
    Malta’s political leaders have a pro-business attitude and are committed to further assisting the finance sector to grow and encouraging foreign investors to establish operations in Malta.
  • Reputable Banking Centre
    Rated as the 13th soundest banking system by the World Economic Forum’s Global Competitiveness Report 2012-2013, Malta’s strong banking infrastructure caters for all levels of wealth from the mass affluent to the ultra-high-net-worth individual requiring the more personalised services of a private banker. Malta has been experiencing a steady increase of banks specifically established to offer investment banking, private banking and wealth management services to their wealthiest clients. In times of increased regulatory oversight, Malta’s financial advisors assist clients in safeguarding
  • One of Europe’s top performers
    In recent years, Malta has been ranked among the strongest EU economies in terms of GDP growth. Services underpin the Maltese economy, accounting for 75 per cent of GDP, while industry accounts for 23 per cent and agriculture for just 2 per cent.
  • A holistic vision
    Malta is establishing itself as the number one knowledge-based economy in the Mediterranean region. ICT, life sciences, education and financial services are only some of the areas the country is targeting and which have successfully reshaped Malta’s economic landscape in recent years.
  • Last in, first out
    The country’s economy was one of the least affected by the recent financial crisis and experienced one of the shortest recession periods in the EU.
  • Recording growth
    Unlike many other European countries, Malta has been recording economic growth in the past years. After the economy contracted in 2009, Malta was able to post GDP growth, with a figure as at end 2013 of €7510 million*. Inflation at 1.38%* and Economic Growth at 3.2%* in real terms. At 6.4 percent*, Malta has one of the lowest unemployment rates in Europe. *( Central Bank of Malta as at and 2013)
  • Aiming for more
    The development of the finance sector is part of long-term economic plans to increase its contribution to GDP from the current 12 per cent to 25 per cent in the coming years.

People

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.

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