Malta is a politically stable EU member-state with a thriving economy built on six main economic pillars:
- Tourism
- High-value Manufacturing & Life Sciences
- Digital and Online Gaming & ICT
- Financial and Corporate Services
- Shipping and Aviation
- Educational Services
It is strategically located in the centre of the Mediterranean and at the crossroads between Europe and North Africa and the Middle East, making it an attractive place for foreign investors who plan to establish their businesses in the proximity of these three major markets.
Blessed with a warm climate, a rich history and with a well-educated multi-lingual work-force, the island has developed over the years into a diversified and resilient economy, with year on year growth in its GDP. It has also become one of the preferred countries of choice for persons and their families to choose to relocate to under one of Malta’s attractive residence programmes.
Doing business in Malta is a sound proposition. The island’s business language (and its second widely-spoken national tongue) is English and all professionals conduct their activities in this language. Italian and French are also spoken or understood by many.
In the light of its dependence on foreign direct investment and financial services, Malta’s legal framework is robust and clear, with regulators which are easily accessible to investors who plan to bring their businesses over to the island.
Some additional key facts about Malta:
- The islands (Malta, Gozo and Comino) cover an area of 316 sq km.
- The population of the islands is of about 500,000 people.
- Malta’s history goes back 7000 years, with some of the oldest freestanding buildings (UNESCO protected) worldwide.
- The country enjoys very low unemployment and a healthy GDP.
- Malta’s official languages are Maltese and English.
- Malta’s corporate tax rate is a flat rate of 35%, based on an imputation system of taxation. It tax system offers significant tax refunds to qualifying companies.
- The personal tax rate is between 0% and 35% based on one’s income band.
- Malta has a double tax treaty network with over 70 countries.
FFF Legal has the required experience and expertise to guide investors and those seeking to relocate to Malta in their journey towards their establishment on the island.