Wednesday, December 1, 2021
HomeBusinessWorking and Doing Business in Malta, Europe

Working and Doing Business in Malta, Europe

Have you ever wondered why there are so many foreigners and locals willing to start-up businesses in Malta? This article has all the answers to your questions!

Where is Malta?

Malta situated in central Europe has English as one of its main, official languages. English is the most common official language in the world. Relocating a business to the country and having less language barriers would attract more foreigners. With also an easy way of finding property for sale in Malta and rent. What also attracts entrepreneurs are Malta’s government schemes particularly that of tax, investment immigration, social benefits, and the marvellous, stable economy. The financial services sector alone continues to reap benefits onto the island. Let us break it down.

Malta has an agreement of networks with double taxation and refundable tax credits. Some advantages may include:

  • No tax fees imposed on outbound payments when it comes to interest, royalties or dividends
  • Tax is not normally charged on capital gains (if there is a disposal of shares in the company)
  • Notable schemes upon employment
  • An exemption of wealth or capital tax

The company start-up would be liable to a corporate tax rate of 35% but if a split of dividends to the shareholder is involved, then the shareholder will get a tax refund and it will be paid by the company. The rate of refund is dependable on the system carried out by the company, such as if they carry out trading activities.

Another reason that companies tend to open businesses on the island is because of the availability of commercial and residential property which are known for their excellency. Malta has become a modern construction industry with value of property exceptionally feasible in price range. Demand of property for business is usually in the industrial areas of Swatar, Mriehel or the centrally located areas such as Sliema, Valletta, Msida, Gzira or St.Julians. 

Investing in property in Malta can be also a very bright idea to do, with such a high return on investment and demand in the real estate market in Malta, this type of investment would make sense.

Know that you are not alone!

There are several support services that ensure professional handling of business start-ups. Some of these include:

  • Payroll
  • Recruitment
  • Compliance and Regulatory Advice
  • Auditing
  • Employment Regulations

About Malta

Not only is it a beautiful island, but it is accessible. This is an attractive feature that has allowed it to be useful for commerce and trading services for decades. It is also volatile in its economic climate. The pandemic has impacted the economy but since it is of a small size, it is easier for the island to recuperate especially with help from its regulated work force and its low ratio of natural disasters.

Know that you are not alone!

There are several support services that ensure professional handling of business start-ups. Some of these include:

  • Payroll
  • Recruitment
  • Compliance and Regulatory Advice
  • Auditing
  • Employment Regulations

About Malta

Not only is it a beautiful island, but it is accessible. This is an attractive feature that has allowed it to be useful for commerce and trading services for decades. It is also volatile in its economic climate. The pandemic has impacted the economy but since it is of a small size, it is easier for the island to recuperate especially with help from its regulated work force and its low ratio of natural disasters.

Know that you are not alone!

There are several support services that ensure professional handling of business start-ups. Some of these include:

  • Payroll
  • Recruitment
  • Compliance and Regulatory Advice
  • Auditing
  • Employment Regulations

About Malta

Not only is it a beautiful island, but it is accessible. This is an attractive feature that has allowed it to be useful for commerce and trading services for decades. It is also volatile in its economic climate. The pandemic has impacted the economy but since it is of a small size, it is easier for the island to recuperate especially with help from its regulated work force and its low ratio of natural disasters.

Malta situated in central Europe has English as one of its main, official languages. English is the most common official language in the world. Relocating a business to the country and having less language barriers would attract more foreigners. With also an easy way of finding property for sale in Malta and rent. What also attracts entrepreneurs are Malta’s government schemes particularly that of tax, investment immigration, social benefits, and the marvellous, stable economy. The financial services sector alone continues to reap benefits onto the island. Let us break it down.

Malta has an agreement of networks with double taxation and refundable tax credits. Some advantages may include:

  • No tax fees imposed on outbound payments when it comes to interest, royalties or dividends
  • Tax is not normally charged on capital gains (if there is a disposal of shares in the company)
  • Notable schemes upon employment
  • An exemption of wealth or capital tax

Read more:<strong>How to Avoid Damage to Your Roof</strong>

katewestall
I am Kate Westall, a freelance writer, and a professional blogger, who enjoys enlightening others about unknown and little-known facts. I love to write on all general and professional topics like Home Improvement, Fashion, Health, Travel etc.
RELATED ARTICLES
- Advertisment -

Covid Cases

All countries
262,817,081
Total confirmed cases
Updated on November 30, 2021 8:11 pm

Most Popular

All Categories

Business Module Hub