Benefits of Moving to Malta

Whether you’ve just established a new branch to expand your business or you find yourself sitting in a lounge chair on the beach watching the sunset over Golden Bay enjoying retirement, there are many benefits from moving to Malta for business or personal reasons.

Business in Malta

Malta is a great place to set up a business. The island attracts many private corporations, entrepreneurs, and international investors, largely due to its favourable tax system. Those who set up a company in Malta can benefit from a full imputation tax system that reduces the 35% corporate tax rate to an effective tax rate of 5%. This is achieved through a tax refund programme to shareholders for eligible companies subject to certain conditions being satisfied. With a highly skilled workforce and business generally conducted in English, Malta is an excellent place for entrepreneurs.
Moving to Malta also offers a great geographic location. Malta is part of the European Union and is in the Schengen area which allows for easy travel within the EU. The island is well-situated for international flights as it has many direct flights to major European airports, and Malta also has a visa waiver agreement with 182 countries. Malta can easily serve as a business hub in Europe, but it’s location also makes it an ideal spot for personal travel.

Individuals Moving to Malta

Citizens moving to Malta from the EU benefit from freedom of movement, making it easy to relocate to Malta. For non-EU expatriates, there are various Malta Residence programmes available which offer favourable tax and other incentives to move to Malta.
Malta is a popular relocation choice for retired Northern Europeans due to the favourable climate with plentiful sunshine, and many take advantage of the Malta Retirement Programme. The programme offers attractive tax advantages for retirees remitting their pension to Malta. Many people have made the choice to move to Malta to take advantage of these programmes, and in doing so they have joined a thriving expat community in Malta. In fact, Malta has one of the highest proportional expat populations in the EU, according to figures from the EU’s statistics agency, Eurostat. Of the total population of 519,562 persons, 115,449 or 22.2% are non-Maltese with large communities from the UK, Australia, and North America.
Moving to Malta offers a variety of activities to participate in. With warm weather and plenty of sunshine, there will be ample time to explore its fantastic beaches or UNESCO World Heritage Sites.

Contact Papilio Services

If you are considering relocating to Malta, Papilio Services offer a variety of services for business and individuals from residency programmes, company formation, tax advice and much more. We pride ourselves on client retention and quality service, offering bespoke and tax-efficient solutions for international companies and individuals.

If you would like any more information on how we can help you, contact us through email enquiries@papilioservices.com or call us directly +356 2258 2000. We look forward to hearing from you.