Reasons to relocate your business to Malta | Expert article

Reasons to relocate yourself and your business to Malta

Reasons To Relocate Yourself & Your Business To Malta

Last article (“Is Malta a tax haven?”), we discussed why it is important to reside in the same country where you are setting up your business and it was focusing mainly on the tax aspect.

Finally, we were at the point why incorporating in Malta makes sense even without the taxation aspects since there might be other rationales.

As everyone has heard about Maltese attractive tax environment with the unique full imputation system, allowing shareholders to benefit from tax credits and refunds on the tax paid by the company, about “Participation Exemption” beneficial for holding companies with investments in other jurisdictions, about double tax treaties, etc. But what about other benefits?

Let’s unpack them one by one:

Stable Legal Environment:

Malta has a stable legal and regulatory framework, making it a reliable and secure jurisdiction for business operations. The country’s legal system is based on English common law but also adapted a civil code based on Napoleonic laws.

English Language:

English is one of the official languages, and all the legislation in Malta are in the English language. Business documentation is often in English as well, simplifying communication for international businesses.

European Union Membership:

Malta is a member of the European Union, offering companies access to the EU Single Market and benefiting from EU regulations and trade agreements.

Business-Friendly Environment:

The Maltese government actively promotes a business-friendly environment, and the regulatory framework is designed to support entrepreneurship and economic growth.

Financial Services Hub:

Malta has established itself as a reputable financial services hub, particularly in sectors such as banking, insurance, and fund management.

Skilled Workforce:

Malta has a well-educated and skilled workforce, particularly in sectors such as finance, information technology, and gaming.

Incentives for Specific Industries:

Malta provides specific incentives for industries such as gaming, aviation, and maritime, attracting businesses in these sectors.

Strategic Location:

Malta’s strategic location in the Mediterranean makes it a hub for business activities connecting Europe, Africa, and the Middle East.

Quality of Life:

Malta offers a high quality of life with a Mediterranean climate, a rich cultural heritage, and a relatively low cost of living.

No doubts, these advantages make Malta an attractive destination for company formation; it’s crucial to conduct thorough research and seek professional advice to ensure that the chosen business structure aligns with specific goals and complies with legal and regulatory requirements.

© By Olga Saliba

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Peter Griffiths

Peter Griffiths

Managing & Tax Director

You can contact our professionals for legal, business, and tax advice to ensure compliance with regulations and to optimize the personal advantages associated with company incorporation in Malta.