After successfully settling in Malta, one of the non-negotiable things you will need is a bank account. A local bank account will make it convenient for you to receive your salary if you are working, pay bills, pay medical care among other activities.
The island of Malta boasts of a high performing banking sector recognized within the European Union and beyond. The financial services provided are highly sought after by foreign investors making it one of the nation’s top GDP contributors. Malta offers an advantageous environment for investors looking for a stable home for their investments.
Malta globally stands out when it comes to financial services. This is owed to its thriving international relations and an extensive network of double taxation agreements. Its embracement of all the EU financial services and regulations has allowed it to easily network and do business with many other countries around the globe. This has greatly contributed to the country’s financial stability.
The Maltese government greatly supports shipping businesses in Malta. This can be evidenced by the convenient legislations set in place. The registration and operation of a shipping company in Malta is quite simple and more efficient compared to other EU countries.
There are a plethora of benefits that come with having Maltese citizenship. This explains why it is not very easy to get citizenship in Malta. According to the Maltese legislation Amendment Act of 2013, there are three major categories by which one can obtain Maltese citizenship.
The subject of CIV’s has drawn many questions in Malta and other EU member states. The issue lies with a lack of clarity on taxation and reimbursements as far as tax agreements are concerned. A thin line would have to be drawn between the funds and investors in order to deal with the criteria objectively.