The Maltese Archipelago lies virtually at the centre of the Mediterranean, with Malta 93kms south of Sicily and 288kms north of Africa. A country abounding in culture and history, with a well-educated and friendly people, Malta became a member of the European Union on the 1st of May of 2004 and has rapidly gained a reputation as a serious financial centre.
Malta boasts a warm and sunny Mediterranean climate with typically moderate winters and hot summers. The official languages of Malta are Maltese and English but many people also have a reasonable working knowledge of other European languages foremost amongst which are Italian and French and to a lesser degree German. Malta adopted the Euro currency on 1st January 2008.
The primary regulator of financial services here in Malta is the Malta Financial Services Authority (MFSA) which is responsible for overseeing, controlling and co-ordinating all international and local financial activity.
The following are just a number of the advantages that companies registered in Malta can offer.
- Malta is the only EU state with the a full imputation system.
- An effective net Malta tax rate of 5% on company trading profits following the receipt of the relevant refunds (one of the lowest net tax costs in the EU).
- Participation exemption on dividends or capital gains from qualifying holdings resulting in no tax payable in Malta on such revenue.
- Low company maintenance costs coupled with a skilled workforce.
- No unreasonable thin capitalisation or anti-controlled foreign company regimes.
- No withholding tax levied on outbound dividends, interest and royalties.
- No unreasonable transfer pricing rules
- No Malta duty on documents or capital gains tax is payable on transfers of shares in companies having the majority of their business interests situated outside Malta.
- Company law is based on UK company law and is in line with EU Directives.
- Malta is an EU member since 2004 and Maltese companies enjoy the benefit of the relevant EU Directives.
- Possibility for companies to denominate their share capital in major foreign currencies – tax is paid and refunded in the same currency thereby minimizing exchange rate risks.
- Possibility to migrate companies to and from Malta.
- The endorsement of the new tax reforms by the European Commission ensures a secure future for financial services in Malta which sanctions and preserves intact its competitive imputation system.
- Political and economic stability – both parties have a political track record of achieving consensus on issues related to international business.
- Malta is a member of the Eurozone having adopted the Euro currency in January 2008.
- English is an official language in Malta and all legislation and official documentation must be both in Maltese and in English.
- Malta enjoys a wide double tax treaty network with over 60 countries.
We are listing hereunder internet links that we feel could be of interest to visitors.
|Banks||APS Bank Malta Ltd|
|Banif Bank (Malta) Ltd|
|Bank of Valletta plc|
|Central Bank of Malta|
|Credit Europe Bank N.V.|
|HSBC Bank Malta plc|
|Lombard Bank Malta plc|
|Education||University of Malta|
|Malta College of Arts, Science & Technology|
|English Language tuition||European School of English|
|Executive Training Institute|
|Financial institutions||Finance Malta|
|Institute of Financial Services Practitioners|
|Malta Financial Services Authority|
|Malta Stock Exchange|
|Registry of Companies|
|Government of Malta||Government Portal|
|Hotel accommodation||Hotel Juliani|
|Malta tax treaties||International Tax Unit|
|Media||Times of Malta|
|The Malta Independent|
|Tourism||Malta Tourism Authority|
|Oswald Arrigo Ltd|
|Arriva Malta (public transport)|