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.
Malta is one of the most technologically savvy countries and is popular for its quick grasp on new technologies as well as implementation. It's also one of the few countries with smart cities. Being such a progressive country, Malta has attracted many IT investors from around the world and it's one of the best destinations for setting up a virtual office.
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.
Malta is undeniably one of the best investment destinations in the world. Its financial sector is remarkable, and the Island is also among one of the few countries which have genuinely supported the growth and development of micro businesses in the European Union. Although setting up a business in Malta is generally very easy, a sole proprietorship is one of the most hassle-free legal structures one can adapt in Malta.
Malta has arguably the most eye-catching and elegant touristry views in the central Mediterranean. These beautiful resorts, hotels, and infrastructure serve as tourist magnets—hence a number of investors find Malta to be the ideal and lucrative destination for opening travel and tour agencies. These agencies provide a range of services which include, however not limited to destination management, incoming tourism facilitation, and excursion organization.
Being an astounding Island, Malta is popularly known as a tourist destination. Tourism alone along with manufacturing and foreign trade sum up to the Nations GDP of $9,5 billion. Nonetheless, over the years Malta has proved to be more than just a tourist attraction but a great investment destination as well.
