Doing Business in Malta
Malta is an independent nation in the middle of the Mediterranean, a top tourist destination with a warm climate, historical treasures and plenty of outdoor activities. This small country at the confluence of Europe and Africa has also successfully positioned itself as a hub for foreign businesses.
Malta’s position as an EU member state, its stable legal and tax framework, robust financial services sector and pro-business environment present a compelling investment opportunity.
One of the country’s most attractive factors for foreign businesses is the taxation system. Even though companies incorporated in Malta are subject to a corporation tax rate of 35% of their worldwide income and gains, this can often be reduced to 0 to 5% with various reliefs and refunds. The island republic also has double taxation treaties with more than 70 countries ensuring profits companies make in Malta are exempt from taxes in their resident countries.
Over the years, the island nation has attracted a range of businesses from many sectors. In particular, it has become a destination of choice for the booming European online gaming industry for its sound regulatory framework and a favourable fiscal regime to online operators.
Recently, Malta has earned the nickname of ‘Blockchain Island’, attracting many blockchain ventures and entrepreneurs who are setting up businesses on its shores. In the summer of 2018, the Maltese parliament enacted three crypto laws to enable blockchain businesses to flourish. In so doing, it became the first and is currently the only country to introduce an organised framework for cryptocurrency use.
To take advantage of Malta’s beneficial tax and business environment, companies must physically relocate to the Maltese archipelago. If this is something you’re thinking about and want to know more, one of the companies in our group can help. DWP Malta is a leading consultancy that provides a wealth of legal and financial services to businesses and individuals relocating to the Mediterranean country.
- International tax and legal advice.
- Relocation services.
- Work permit.
- Yacht registration.
- And more.
- Company formation.
- Bank account opening
- Gaming licensing.
- Legal advice.
- Payroll services.
- Trademark registration.
- VFA (Crypto) License.
- And more.