Malta has long been a hub of international business and investment. History tells tales of merchants and corsairs who chose Malta as far back as the Phoenician era, while the island’s excellent location in the very heart of the Mediterranean has long made it a thoroughfare for travel and trade.
Today that is no different, and thousands of international companies every year choose to do business with Malta.
After all, the island has established immense expertise across an impressive range of sectors, including Advance Manufacturing, Aviation, Education, Healthcare, ICT and Shared Services, Life Sciences and Maritime. This has contributed to the development of the highly-educated, English-speaking workforce, which has made Malta the ideal location for high value-added activities and highly-skilled human resources.
Malta may be a small economy, but it still packs a punch and operates on a very global economic context. Thanks to its diversified economy, the country has witnessed strong performance across various sectors. In 2016 alone, the island achieved a growth in Gross Domestic Product (GDP) of 5%, and ranked in 15th place on the list of EU countries in terms of purchasing power standard. Beyond that, it is classified as an advanced economy by the International Monetary Fund, considered a high-income country by the World Bank, and is ranked as an innovation-driven economy by the World Economic Forum.
The competitive tax system has also proven to be an interesting draw for international companies. Transparent, fully-onshore and in full conformity with the EU, Malta is backed by over 60 Double Taxation agreements but allows for very low, effective tax.
This is further supported by Malta’s professional financial services sector and the relevant regulators across the major industries, all of whom strive to provide the best possible experience to those doing business with the island.