Doing business in Malta and why starting a business in Malta?
Malta is a full European Union (‘EU’) Member State, enjoying a strong and consistent growth in the financial services industry. The country has become an attractive choice among many multinational companies seeking to either move management and control to Malta or simply set up a company in Malta. The Republic of Malta has strong business relationships within the EU, Middle East and North African markets that allows for an effective working environment alongside a tax-efficient jurisdiction with highly-skilled work-force, and a strong legal and fiscal framework that ranks Malta among the top five emerging financial centres in the world in the City of London’s Global Financial Index.
Malta is an emerging financial hub with a lot of favourable benefits that make it an attractive choice to carry out business in. Malta is also seen as a melting pot of cultures and people, a place where crime hardly exists, the locals are hospitable, the health care and education systems are excellent, the climate close to perfect and which has consistently been chosen as one of the top places in the world to live in / retire to!
Maltese and English are both official languages. The country has a relatively low cost of living and has no wealth taxes. Situated in the middle of the Mediterranean Sea just south of Italy, Malta has a strong democracy and well developed legal system. Therefore, doing business in Malta is attractive and preferred by many.
The country has a population of close to 450,000 and sees a growing number of expatriates relocating because of the favourable conditions.
Malta is a popular destination to visit with its warm climate, numerous beaches, and architectural and historical monuments, including three UNESCO World Heritage Sites: Ħal Saflieni Hypogeum, Valletta, and seven Megalithic Temples, which are some of the oldest free-standing structures in the world.
Malta Company Formation services
Corporate structures can maximise profit by utilising the lower cost of living in Malta compared to its Northern European neighbours which in turn can lower the operational costs of a company. Malta has a well-educated and skilled work force and is particularly strong in the areas of finance, regulated business, insurance and pensions as well as the gaming sector. Setting up a company in Malta can also be beneficial owing to the Malta Tax System which has a lot of incentives for foreign investors.
Doing business in Malta can be your gateway to new opportunities and we have expertise in Malta Company Formation services where we assist and advise many international individuals and companies with tailor made solutions. Essential factor to the success of setting up a company in Malta is to trust your Malta Tax Advisors and build a bridge for constant development of the business.
Malta today can be seen as a milestone connectivity point between international markets and landmarks that attract many to consider coming back to the country.
Strategic geographical location, modern society, and easy to travel to more than 160 countries in the world, the Republic of Malta might be exactly what you have been looking for.
Whether you seek to invest, move or set up a company in Malta, Papilio Services Limited provides high quality services in the field of Corporate, Residence and Tax Advisory and can assist you with tailor made solutions.