Location and Geography
Malta is a small island compromising an archipelago of a few island situated right in the centre of the Mediterranean Sea. It lies 80km south of Sicily and around 300km east of Tunisia and north of Libya. The country covers just over 316km squared, with a population of around 450,000, and has two official languages, that are Maltese and English.
The country has always placed a pivotal role internationally due to its location, and offers significant advantages for investors to invest in Malta. The Island's legislative and regulatory systems provide a solid yet flexible framework for business and possesses strong national commitment to attracting foreign investment. With around 300 days of annual sunshine and a safe and calm environment, Malta has become an ideal destination for investors to set up their operating base in the country.
Emerging Financial Centre
Throughout the years, Malta has transformed its legal framework to include new legislation, attracting operators within the financial services sectors, while enjoying political and economic stability, which makes for an ideal climate for investment.
Malta's governments throughout the years have seen the financial services industry as a key pillar of its economic expansion plans to expand within Europe and the Arab World. In general, all this gives Malta a competitive edge over other countries and is a reflection of the confidence and experience that operators and regulators have attained in the sector.
The Malta jurisdiction employs a powerful and up-to-date legislative framework which at the same time has a degree of flexibility built in. This has become a powerful tool which has gained international recognition for its versatility and unique approach. In fact is considered to be one of the top emerging financial services in the world.
Member of the European Union
Malta has been a member of the EU since May 2004. Subsequently, it adopted the Euro in January 2008. EU membership offers considerable comfort to investors, as it means that the entire body of EU legislation is now applicable in Malta.
Thus, companies establishing themselves in Malta would benefit from all EU directives and regulations. This makes Malta an ideal stepping stone into the EU, even for non-EU companies which hope to establish intra-community trade.
As an EU jurisdiction with favourable tax rates, an excellent infrastructure and balmy Mediterranean climate, the combination looks set for Malta to establish itself as the place of choice for businesses. In addition, the dividend exemption, taxation refunds and absence of transfer priciing and CFC rules attract groups to locate their holding companies in Malta.