Malta is considered one of the top investment destinations in the world. There are so many reasons why a lot of investors and expatriates are finding interest in Malta, most of the credit goes to the pro-foreign investment policies set up by the Maltese government. However, that’s not all!
If you are considering investing in Malta you are probably curious about the environment you will be subjected to—things such as the level of risk involved as well as the policies and regulations of a country play a major role in the success of any business. The following are some of the most important business facts about Malta you should know if you are considering to invest in Malta.
The Maltese jurisdiction offers quite a wide variety of choice when it comes to the legal structures you can use to set up your business. Whichever legal entity you choose, Malta has set in place laws and regulations that are more accommodating to foreign investors. This explains why Malta is one of the most favorable investment destinations in the world. Below are the legal structures by which businesses can exist in Malta:
The government of Malta has put in place a set of guidelines on the payment of VAT on leased Yachts. The regulations apply when a company registered in Malta buys a Yacht and decides to lease it to a third party. This system was put in place to help the owners of these luxury vessels to pay their VAT. The VAT payable is calculated from the proportion of time the yatch is supposed to navigate in the EU territory. It also enables them to acquire a certificate cleared of VAT arrears at end of the arrangement.
Malta has a well-evolved financial sector which has contributed to its robust economy over the years. This modernized financial technology business sector, is a product of the country’s proficient labor force and cutting edge IT systems. There has been a tremendous growth of the financial business since its birth in 2010 evidenced by a remarkable growth of 67% in only six years! The first quarter of 2016, marked a staggering 5.3 billion dollars’ worth of the Maltese financial technology businesses.
One of Malta’s most recent double tax treaties is with Ukraine. The treaty came into effect on the 28th of August, adding on to Malta’s vast network of double taxation agreements. To date, Malta holds over seventy double tax agreements with various countries and jurisdictions from around the world.
