The Republic of Malta is a densely populated archipelago, located in the center of the Mediterranean, to the south of Italy, east of Tunisia and north of Libya. Malta is a former British colony, and currently a member of the European Union and the Commonwealth. It has about half a million inhabitants.
Its capital is Valletta, although its most populated urban center is Birkirkara, with over 22,000 people. Its official languages are Maltese and English. Since 2008 its legal tender currency is the Euro (EUR).
Malta is strategically located in the center of the Mediterranean Sea at a crossroads between Europe, North Africa and the Middle East. Its economy depends mainly on tourism, foreign trade, serving as a trans-shipment port for ships, manufacturers, especially electronics and textiles, and on its developed ICTs and financial clusters. The country produces only 20% of the food it consumes. It also has limited reserves of fresh water and does not have its own sources of energy.
Malta is the jurisdiction chosen by a large number of international companies and holding companies, to establish their headquarters and do business in the European Union. Although its standard corporate tax rate is 35 percent, in practice there is a system of tax credits and refunds for shareholders reducing the figure to effective tax rates of between 0 and 10 percent. Malta also has an approved EU citizenship by investment program, where it is possible in a period of 12 months to be granted as Maltese citizen, through a contribution to the National Development and Social Fund, among other requirements.
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If you want to set up a company, open a bank account, immigrate and/or obtain residency permits in Malta, you can view some of the articles and more information about the country below, or get in contact with us directly for a free private consultation.