Setting up a business in Malta can bring great rewards for your investment. Here is a walkthrough on how to start a business in Malta.
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:
In a bid to promote foreign investment, Malta offers a wide range of incentives to investors starting a business in Malta. This explains why there is a large influx of foreign companies opening their branches in Malta. Furthermore, the fact that Malta has business-friendly corporate laws—and is an active member of the European Union, makes it a perfect and strategic investment destination. It's also the ideal gateway to the EU for non-EU investors.
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.
According to the Maltese legislature, people with dual citizenship, that is people who hold citizenship in Malta and another country—they have a right to reject their Maltese citizenship. This, however, should be done in accordance with the procedure set by the law. The subject has to declare his/her refutation and wait for approval from the Minister to register that proclamation. The Minister has the power to decline the declaration under the circumstances that Malta is at war or when the move contradicts policy.