Malta is an archipelago country in the Central Mediterranean between Sicily and North Africa Coast. Malta is the world’s tenth smallest country in area and the fourth most densely populated with a population of about 515,000 over an area of 316 km2 (122sq) It is nationally known for historical sites relating to the successions of rulers such as the Knights of Saint John, Moors, Romans, French and British. It has a subterranean complex of burial sites and halls dating back to 4000 B.C.
Malta is home to some of the oldest temples in the world like the Megalithic Temple. Besides, it’s a popular tourist center as hundred of tourists troop in and out to enjoy the bliss of the serene warm climate and breathtaking landscapes which also doubles as a location for major film productions.
The official languages of Malta are Maltese and English and Valletta is the Capital. It has Catholicism as the state religion which is enshrined in the constitution and many other religious denominations are also represented on the islands.
Malta, A Magnet For Foreign Investment.
Malta’s geographical location allows trading companies to benefit from access to the mediterranean sea and further to Africa and the Far East. Companies in the Middle East have also found a go corridor to Europe through Malta.
Malta has created a suitable economic environment to meet the demands of the global investment market. It has a thriving industrial sector with over 200 foreign and some 400 locally-owned manufacturing companies. Products such as rubber, plastic, foodstuffs, software, garments, medicines, etc are exported worldwide, hence generating huge revenue for the country.
The flexible and highly-trained multilingual workforce is the country’s major asset that is also targeted at ensuring the country’s competitive edge through high-quality production.
Worthy to note again is that Malta offers a modern means of transportation, stable telecommunication networks, and frequent airlines to strategic destinations.
Moreso, The country has reliable, strong, and long-standing roots beyond North Africa and Europe and a standard liberal foreign investment policy.
Business Promotion Act.
Malta glues investors and entrepreneurs to themselves through the introduction of the Business Promotion Act(BPA). This act has succeeded the Industrial Development Act in attracting foreign investors and encouraging foreigners to invest with them.
It has been in full force since 2000 and has enchanting dynamic scopes and flexibility to promote businesses. BPA also gives room for certain incentives to those companies presenting growth and employment opportunities for the citizens.
Issued in the terms of the Business Promotion Act are the Business Promotion Regulations which provide financial incentives for companies involved in manufacturing and qualifying activities.
Why Malta?
Here are some of the reasons you need to invest in/with Malta
- First of all, Malta offers residency programs for investors.
- You can choose to start up your own business.
- Malta’s taxation system is the most favorable in Europe.
- The country has an excellent infrastructure to work with.
- The Country’s economy is stable.
- Government offers grants, incentives, and exemptions to those sprouting companies.
- Availability of capable lawyers to assist you in setting up a business.
- Presence of a skilled and cheap workforce who is also fluent in English or any other European language.
- Malta is an English- speaking country.
- There’s an inclusion of family members of investors.
- Acquisition of citizenship for life.
- Free Visa to travel to over 184 countries.
- Membership of the EU.
- Highest percentage share of hi-tech imports and exports within the EU.
- Stable credit rating.
- Dedicated and well-educated workforce.
- Modern and developed telecommunication systems, wireless internet connections, WiMax, 3.5 G, etc.
- High-quality health care services.
- Malta freeport for transportation.
- Direct flights to major cities in the country.
