In recent years, Malta has experienced impeccable growth and has become one of the fastest growing countries in the EU. In 2017, Malta experienced a GDP growth rate of about 6.9%, and it is expected to expand a further 5.8% in 2018 and 4.9% in 2019. Malta is the fastest growing economy in the EU and is a perfect choice as a jurisdiction to invest in.
The Maltese taxation system provides various benefitsto foreign investors, through systems such as the 6/7 tax refund system (resulting in a 5% effective tax rate), the participation exemption for holding companies and various beneficial treatments of royalty income.Its low tax rates and policy stability through cross-party agreements on its various financial and tax legislation, Malta is the perfect location for foreign investors. Moreover, opening a company can be an easy process through the services of a professional corporate services provider.
Malta is a politically stable democracy, generally with cross-party agreement on most business-relating legislation. Malta is seen as an optimal place to do business, with legislation being consistently updated to be in line with world-leading developments. Malta also enjoys very positive investment ratings from agencies such as Standard’s and Poor’s and Moody’s.
Malta is practically at full employment. In fact, in 2018 Malta had an unemployment level of 3.8%, which makes it the country with the second lowest unemployment rate in the EU. This means that the government is generating ample tax revenue, and in fact the Maltese Governments has in recent years registered a surplus and not a deficit. Furthermore, it also helps with political stability, which is generally challenged in countries where unemployment is high.
With continuous growth and increase in business in Malta, the Government of Malta is on a drive to improve drastically the country’s road, utility and network infrastructure. Furthermore, the leading telecommunications companies in Malta all offer cutting edge technologies such as 4G and fibre internet, with 5G also being tested with the aim of being launched once such technology is feasible and reliable. Furthermore, both the Malta International Airport and the Malta Freeport are constantly improving their services to offer better connectivity. With its location between Europe and Africa, Malta is the ideal place for business in both continents.