Malta
Starting a Business in Malta
Malta Business Experts
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Starting a Business in Malta
“Malta’s business legislation and tax systems are considered amongst the most favourable in Europe and this is supported by its strategic location straddling the busiest shipping lanes in the Mediterranean. Malta has a strong financial services sector, and a thriving on-line gaming industry. Ongoing strategies include specific targeting of knowledge economy sectors including financial services, information technology companies, research and development, and high end manufacturing.” UK’s Foreign & Commonwealth Office; 2012 We couldn’t have said it better ourselves! Following its accession to the European Union in 2007, Malta has weathered the global economic downturn - maintaining A or A+ status in the major economy indexes. Historically, Malta has always boasted low employment, and its multi- lingual labour-force is characteristically productive. Needless to say, the weather's quite appealing too.
Taxation
With one of the lowest effective corporate tax rates in the EU – 0-5% and low personal income tax rates, Malta is positioning itself as being a premier financial & business centre.
Business Start – Up Facts
No license or permits are needed for non – regulated business activities. Regulated activities would cover financial or insurance services, or normally regulated professions – for example medical or pharmaceutical activities. By far the most common vehicle for both trading and holding companies is the limited company ‘Ltd’. As the Malta Company Act is based on the UK Companies Act – the requirements for incorporation and maintenance are mostly the same as those in the UK. Sole traders & partnerships are also common. As a full member of the EU, no residency permits are required for EU citizenships. For non EU citizens, there are a number of residency options available.
Economic Facts
- Standard & Poor 2012 Rating: long-term sovereign credit A-; short term rating A-2.
- Moody, Sept 2012 Government Bond Rating: A3
- Fitch:, Sept 2012 Short-term IDR at 'F1' and Country Ceiling at 'AAA
- GDP €6.4 billion
- GDP Growth 2.9%
- GDP per Capita €15,300
- Inflation rate 1.5%
- 12th soundest banking system & 15th position in Financial Market Development (World Economic Forum’s Global Competitiveness Report 2011 – 2012)
- Single financial services regulatory body; MFSA
Legal System
Mixed common & civil law system – corporate, commercial & trusts laws based upon UK statutes
Currency
Euro - please use the currency converter located on the site.
Language
Maltese & English are co-official national languages.
Climate
Typically Mediterranean: hot, dry summers; warm, occasionally wet autumns; short, cooler winters.
Temperatures are seasonally consistent, and average around 18 degrees centigrade.
Time Difference
GMT+1 hour.
Flight times UK - 3; Frankfurt - 2, Dubai - 7
Click here to Ask an Expert about Starting a Business in Malta
Organisations that can assist with Starting a Business
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> Korporatio
Korporatio Inc. offers company incorporation in offshore jurisdictions. The values of the company are to make corporate governance hassle-free and fully paperless. Every offer is designed to ensure every business owner doesn’t have to worry about hidden fees and can run everything online.
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> Sovereign Group
Sovereign offers a range of advisory and support services to assist companies of all sizes to establish successful business operations in foreign markets.
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> Blue Marble Global Payroll
Simplified Global Payroll Managing payroll in multiple countries is complicated with different systems, deadlines, and languages in each country, lack of reporting, and constantly changing laws and regulations. Trying to manage global payroll via fax and email with excel spreadsheets leads to data security issues, fines, and penalties for non-compliance. Blue Marble has solved global payroll challenges with cloud-based technology, customized aggregated monthly reporting, and a hybrid service model in 150+ countries around the world.
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> Nominus.com
When expanding your business to Malta, don’t forget to protect your brand. We provide Trademark Registration Services in Malta and in the entire European Union.
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> PEO Worldwide Limited
PEO Worldwide is an international PEO offering employer of record, payroll, employee benefits management, HR and compliance services throughout the world.