Living in Malta

Contributed by Papilio Services Limited, 04 November, 2016

History of Malta

The Maltese archipelago has always been in the centre of events and has often played a crucial role in the making of history. Situated in the middle of the Mediterranean Sea, just south of Italy, Malta welcomes the world with a pro-business environment and beautiful landscapes. Malta, the largest island, and her sister islands of Gozo, Comino, Filfla, are strategically placed in the narrow channel joining Western Europe and the Middle East.

Some of the most emblematic historic events are the wars between Rome and Carthage and the rise and fall of Napoleon.

Meeting the warm and proud people of Malta can give you a clue on the meaningful history and civilization. The Island's obvious attractions are its centuries old architecture including the UNESCO protected Megalithic temples which are said to be the oldest free standing structures on Earth and HAL SAFLIENI HYPOGEUM, consisting of halls, chambers and passages chopped out of a living rock and covering some 500 square metres.

Malta today

On the 1st of May, 2004, Malta has officially taken its seat in European institutions and has five fully fledged members in the European Parliament.

Since joining the European Union, Malta has fostered the foundation of a strong economy and established itself as a Financial services centre of repute.

Lifestyle in Malta

Real estate – there is currently a lot of renovating and construction happening in Malta reflecting a demand for new homes. Different prices and places vary depending on your taste. The Maltese property market caters for a broad range from historic buildings such as 16th Century Palazzo's and Houses of Character with great architecture pedigree to modern villas and apartments with today's comforts. 

Education – the educational system in Malta offers a range of private, international and public schools. English and Maltese are both official languages of Malta.

Healthcare – Malta enjoys an outstanding healthcare system. The general Hospital "Mater Dei" has gained a reputation as a premier health provider with highly skilled international staff and modern facilities.

Malta tax – Malta has fantastic financial incentives for direct foreign investments and offers a "special tax status" for certain residency programmes. Individuals that move to Malta and whom qualify for the relevant residency programme could benefit from a flat rate of 15% tax on income received in or remitted to Malta subject to minimum annual tax liability. Furthermore, Malta also benefits from favorable double taxation agreements with key countries. When it comes to business benefits, the Maltese tax regime has been one of the main drivers in creating an attractive environment for foreign investors.

Residency programme in Malta

Many Malta Residence Programmes allow for granting of "special tax status" to individuals who meet a certain number of conditions and requirements. Malta, with its warm Mediterranean climate and convenient positioning between Europe and Africa has often proved a popular destination for persons wishing to take up residence outside their country of nationality.

For those seeking residence in Malta, there are many Malta residency programmes to choose from:

We recommend getting in touch with an expert in this field who can provide you with more information such as Papilio Services Limited.

Why take up residency in Malta?

Setting up a company in Malta

Malta has been one of the most exciting countries to watch and invest in with an increasing appetite from blue chip corporations and corporate planners for international transactions and investments into Europe as well as strongly considering the option of Malta Company Formation. Over the years, the island has developed its reputation and image to a level where today Malta is seen as an important regional hub serving Europe and Africa. Due to the international interest, the leaders of the country had developed a model economy, which has regularly been among the best in the EU.

The country operates a full imputation tax system under which companies are taxed at a rate of 35 per cent. However, shareholders are entitled to certain refunds for the tax paid by the company. This regime has been approved by the European Commission, while Malta is also included on the so-called 'white list', set out by the Organisation for Economic Co-operation and Development (OECD). Incorporating a company in Malta is relatively easy and only takes a couple of days if all necessary due diligence documents are received in good order. Every company must be registered with the Registrar of Companies at the Malta Financial Services Authority (MFSA). The most commonly used vehicle for international business is the limited liability company which is broken down to two categories: private limited company and public limited company. A Maltese company is the ideal engine for growth for a wide range of business activities, as holding or trading companies, ranging from property ownership to the management of e-commerce activities and financial services provision. Malta is also being used as a platform for Mergers and Acquisitions transactions. The island is perceived as a prime jurisdiction for this kind of work due to its corporate law and regulatory environment. Malta's network of over 70 double taxation treaties further strengthens its position as a key corporate location.

For more information on residency programmes and business opportunities in Malta, continue to "Why move to Malta" or simply contact Papilio Services Limited to assist you further.

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