DOING BUSINESS IN MALTA AS A PERMANENT RESIDENT WITH GLOBAL BENEFITS
Doing business in Malta as a permanent resident with global benefits. As a developed island country of Europe, Malta is known as the “Heart of the Mediterranean”. This country has the most “open” European investment policy with many practical benefits. This place brings many business opportunities for investors. With the trend of becoming a global citizen around the world, foreign investors who wish to gain more European citizenship are increasing attracted to Malta immigration investment.
Why doing business in Malta is attractive to investors?
Doing business in Malta has huge advantages. Malta uses English as its official language and is a member of the European Union. The Maltese Islands have very good natural conditions with a warm climate, reasonable tax policies with low tax rate, or improving your education, etc. This country is the ideal destination for establishing a business or enterprise, retiring and investing.
Malta’s geography opens up investment business opportunities
Malta has a free market economy with diversified trade in services and goods. This country is the only place in the world that is a member of the 4 Alliance blocs named European Union, Schengen Area, Euro Area and Commonwealth (UK).
- Capital: Valletta
- Area: 316 km2
- Population: more than 510,000 people
- Languages: English and Maltese
It is these conditions and favorable geographical location that have make Malta become a place to bring business opportunities for investors.
Malta has the fastest growing economy in the Eurozone, growing by more than 4.5% annually. In 2019, gross domestic product (GDP) is expected to grow at 5.4%. The country weathered the 2009 recession thanks to a robust banking sector and low debt-to-GDP ratio.
Due to the size and population density of the islands, the economy is increasingly focused on services. The service industries with the strongest growth are travel, finance and online games. In 2019, the unemployment rate was as low as 4.4% and the inflation rate was 1.3%. GDP per capita (PPP), or the market value of all goods and services produced in Malta divided by the population, is around 36,000 EUR.
Attractive tax policy in Malta
The island nation of Malta uses the euro as its official currency in 2008. Taxes in Malta have become a incredibly hot topic which is especially for international companies that benefit from one of the various “tax refund” schemes.
Malta is also a relatively stable environment with little risk of political or financial instability. Malta business law always has preferential policies for foreign investors such as no double tax, 50% tax reduction for equipment, machinery and factories, 20% tax reduction for buildings, incentives for small and medium enterprises. In addition, there are policies to support business development.
Several taxes are exempt in Malta: Inheritance tax, net wealth tax, estate tax and gift tax. It is no doubt that Malta is a tax haven country.
The Maltese Islands, which is located in the Mediterranean, offer a vast working ecosystem. Besides entrepreneurs who have the ability to establish and develop successful businesses, it has the culture, resources and human resources to offer professionals.
The workforce in Malta is international and remarkably diverse, which attracts more professionals from all over the world. Economic and political stability and low crime rates has made this country is the pleasant working environment.
In Malta, English is one of the most widely spoken languages on the islands and is also the official language.
The majority of locals are fluent in English, so communication and integration won’t be a problem. Most business transactions are also done in English. Since then, business development opportunities for foreign investors have been expanded and increased.
Business Opportunities in Malta for Permanent Residents
In Malta, industries such as finance, iGaming and information technology have experienced rapid growth. This has cemented Malta’s position as a hub for new business, entrepreneurial and innovative ideas.
These advantages extend business opportunities to various sectors, including:
- Financial services;
- IT & Communication;
- Electronic device;
- Oil and Gas;
- Training and education;；
- Film industry.
CONCLUSION – Doing business in Malta
Doing business in Malta as a permanent resident opens up opportunities for development with global benefits. In addition to cultural, political and economic development, doing business in Malta is seen as key for investors to expand economic development in Europe. Accompanying by Portico & Bridge, conditions of settling in the Republic of Malta also become faster and more convenient.
Portico & Bridge is a leading European immigration and settlement consulting group with more than 35 years of experience and a team of more than 50 reputable experts worldwide. Please contact us for full support and more information about the Malta Permanent Residency program.
Call us now at 0909.898.758
At PORTICO & BRIDGE, “Your Children, We Care”.