Why relocate to Malta? Why start a business in Malta?

Contributed by Papilio Services, 26 January, 2016

Have you ever thought of just starting everything from scratch and completely change your life for the better? Have you ever asked yourself the question: "What if" or "Why not"?

If you are looking to move to Malta, we can assist you and advise on a number of beneficial and attractive reasons that can help you with your decision. The overall picture is that people are friendly, the climate is warm, the food is amazing and it is convenient for travelling from Europe, North Africa and the Middle East.

A little bit about Malta

Malta, officially the Republic of Malta, is located under the southern tip of Italy, Sicily. It comprises of an archipelago in the Mediterranean Sea. It is a small country with a population of about 450 000 people and is minutes away from its neighbouring islands Gozo and Comino. The capital of Malta is Valletta, which is the smallest national capital in the European Union. Malta has two official languages: Maltese and English.

The weather is an essential factor for some who prefer warm weather and sunny beaches throughout the year. The islands of Malta also offer a mild winter between December and February and hot summers reaching a peak in the months of July and August.  

Lifestyle

Malta is a very popular destination for students to attend English courses and thereafter some of them stay because of employment opportunities. Small and very charming island… Why? Malta has become a top place to visit according to tourist reviews and expats. They all share how safe and secure they feel on the islands of Malta.

At night Malta turns into a spot for enjoying life and most of all make amazing contacts. The night life could be expressed as a mix between Hawaii and Ibiza. With attractive beaches by the night clubs and music that captivates positive emotions, the island turns into a melting pot for pure enjoyment.

Residency

Citizens coming from the European Union benefit from freedom of movement making it fairly easy to relocate to Malta. For Non-European persons wishing to move to Malta there are a number of different residence programmes available which you can find here: Malta Residence.

There are a number of Malta Residence programmes available which offer favourable incentives for those wishing to move to Malta. Malta is especially a popular relocation choice for retired Northern Europeans owing to the favourable climate in the winter months and many take advantage of the Malta Retirement Programme. Other residence programmes of interest focus on returning migrants, highly qualified persons and High Net Worth Individuals (HNWI) to name a few. 

The popular Citizenship by Investment Programme attracts high net worth individuals and their families by offering Maltese nationality and thus EU freedom of movement.

Starting a Business in Malta

Malta has a significant number of international investors and private corporations owing to the attractive Malta tax system. It is possible to set up a brand new company in Malta or simply move the management and control of an existing business to Malta. As a result of this the financial services industry has seen rapid growth in the last ten years (top destination to do business according to Forbes), which has seen it become one of the leading financial services centres in the world and is a major contributor of Malta's GDP. Malta has a skilled and well-educated work force but as the industry is still growing it offers people looking to move to Malta a number of employment possibilities.

Recently Malta has seen significant growth in e-commerce activities, trading companies and a number of entrepreneurs and influential corporations who are relocating their business affairs to the country. Setting up an online business is a relatively straight forward process and offers a number of favourable tax advantages by basing the business in Malta.

Still not convinced?

Here are some of the major benefits we summarize for you to consider Malta as a place to start your next journey:

As a leading tax advisory company, we have helped many individuals and businesses to relocate to Malta. We pride ourselves on the high quality and personal services we offer and the number of happy and satisfied clients are testimony to our success in this field.

For more information, please visit: papilioservices.com

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