The business environment in Malta is one that has been marked by change and diversification. Malta has expanded from being an agrarian-centric economy into, engineering, pharmaceuticals, hospitality, healthcare, aviation, maritime, electronics, and logistics. This has attracted a vast number of investors from all walks of life.
A European Societas (SE) is an organization created in Europe to promote business by giving other companies a chance to function in the region with limited restrictions that could exist in their parent countries. Malta has contributed by providing a regulation that enables a SE to be established in the state. The presence of SE in the state has a positive effect as it amplifies business possibilities and gives a better footing for big business deals. On the other hand, companies in search of a type of incorporation in either of the member states controlled by EU could find it valuable since it is managed on a narrow set of guidelines run by an integrated management system.
Technology is impacting every industry and the banking sector is no exception. One of the most innovative developments so far is digital currency — popularly known as a cryptocurrency. Digital money solutions are increasingly gaining a lot of popularity especially when it comes to online transactions. They are also a very lucrative business venture to invest in — especially in a digitally savvy country like Malta.
The government of Malta has been working diligently to improve international business with various states around the world. One of these nations is Ireland. Ireland’s participation in business with Malta has proved fruitful for both states. One of the most prominent cooperations between the two nations is the Malta-Ireland double taxation agreement. The goal of this agreement is to eliminate the double taxation of businesses operating in both countries. Due to the double tax system, a lot of foreign investors are finding interest in opening businesses in Malta.
