Online Business Opportunities in Malta – Malta’s strategic location at the commercial crossroads linking Europe, Africa and the Middle East
Malta has recently come to the forefront of the conversation about online business opportunities. What caused this seemingly sudden shift, pushing the Mediterranean country into the global limelight? Like most overnight sensations, it was no matter of luck, but due to careful planning of the government over many years in order to position Malta as a leading online business jurisdiction. The Maltese government made several strategically significant steps by introducing new legislation designed to entice online businesses into moving to Malta.
Malta has also been very proactive throughout the years in creating a secure economy and fostering its growth. The most recent moves toward this end have been creating numerous tax advantages for online businesses and implementing a modern infrastructure throughout the country. The tax incentives attract the attention of businesses looking for some financial breaks, and the rest of the many business benefits draw them in, further strengthening Malta’s thriving economy.
“Malta’s financial services legislation is in line with EU law and has facilitated a commercially
secure business environment from which international investors can operate.” ~ Finance Malta
Malta’s Tax Incentives
There are numerous tax incentives for certain companies and qualified professionals within the Malta tax system, as well as a series of fast track Malta residency programs to help such professionals become Maltese citizens. Malta also offers the advantage of no withholding tax on the payment of dividends to shareholders, making it an especially attractive place for young startups and online businesses.
Malta’s IT Infrastructure
All of the tax benefits in the world wouldn’t be of any value, however, if the country’s infrastructure couldn’t sustain a modern online business. With this fact in mind, Malta has implemented an exceptional ICT network. This network includes satellite technology operations as well as underwater fibre-optic cables linking Malta with Europe and the rest of the world. Doing business in Malta has never been easier or more accessible than it is now.
Malta’s Geographic and Political Position
In addition to the ideal IT infrastructure, Malta’s geography and status as a member of the EU with access to the single market further serves to benefit its businesses. For instance, its position in the Mediterranean has made it an ideal location for cost-effective importing and exporting since antiquity, thanks in large part to its regional ties to North Africa and the Middle East. As an added bonus, the country itself is an amazing place to live.
A Stable Economy
Starting a new online business isn’t something any new business owner wants to do on a shaky foundation. The final selling point Malta can offer to potential business owners is their history of a nearly unshakable economy. According to the most recent World Economic Forum’s Competitiveness Index, Malta ranked in the top 10 soundest banking systems in the world. Thanks to careful government foresight, the country was only mildly affected by the 2008 global financial crisis, and recovered much faster than other countries, some of which are still feeling the effects.
Starting An Online Business
If you’re ready to set up an online business in Malta now is the ideal time. As the online market continues to grow, the safest place for an online startup is the gorgeous Mediterranean island of Malta. Make the move now that your business will thank you for years to come.