Malta has created the right economic environment to meet the demands of the global market. It has strong and long-standing links with Europe, North Africa and beyond and has a liberal foreign investment policy.
Malta offers numerous advantages to foreign investors wanting to set up a shop on the island, including:
- Member of the Eu
- Adoption of the Euro in January 2008
- Financial Services 12% of GDP
- The highest percentage of share of hi-tech imports and export within the EU
- High inward Foreign Direct Investment (FDI) performance and high inward FDI potential
- A3 rating by Moody’s
- Established trade links with Europe, North Africa, and the Middle East
- A dedicated and well-educated workforce
- High-quality educational facilities, easy to set up courses tailor-made for specific industries, able to quickly adapt to the needs of industry
- Close ties to Europe as well as North Africa
- Smart City Malta, Second Dubai Internet City in the world
- Hub for knowledge-based industries
- Centre for excellence
- Multilingual workforce
- Modern developed telecommunications system, wireless internet connections, VOIP, WiMax, and 3.5G
- Malta Freeport, servicing 115 ports worldwide
- International Airport has direct flights to 37 major cities
- 17 High-quality health care services.
The flexible and highly-trained multi-lingual workforce is Malta’s main asset and helps to ensure the country’s competitive edge through high-quality production at costs that are highly competitive relative to mainland Europe.
Malta offers a modern transportation infrastructure, state of the art telecommunications networks, and frequent air links to Europe, North Africa, and Middle Eastern destinations. Malta’s strategic location in the center of the Mediterranean, as well as its excellent harbors and Freeport, make it an excellent manufacturing location.
The Business Promotion Act (BPA) which succeeded the Industrial Development Act aims to attract foreign direct investment and encouraging foreigners to do business in Malta. It has been in force since 2001, and provides greater scope and flexibility to the incentives available for the promotion of business, and covers a much wider range of qualifying sectors and activities than before.
The BPA provides incentives for those industries demonstrating growth and employment potential that are engaged in manufacture (including software development), repair, improvement and maintenance activities.
Do you wish to explore Malta for any business-related opportunities? In that case, feel free to contact our Malta Business Specialist Malcolm Mejlaq at malta@d-b-in.com
Blog Source: https://mmtaxadvisors.com/blog/doing-business-in-malta/