The Maltese islands lie virtually at the centre of the Mediterranean, 93 km south of Sicily (Italy) and 288 km north of Africa.
The archipelago consists of three islands: Malta, Gozo and Comino with a total population of over 425,000 inhabitants occupying an area of 316 square kilometers.
Malta's location has historically given it great strategic importance as a naval base, and a succession of powers, including the Phoenicians, Romans, Moors, Normans, Sicilians, Spanish, Knights of St. John, French and British, have ruled the islands. Malta gained its independence in September 1964 and became a republic ten years later in December 1974. The Maltese islands continued to prosper and 30 year later joined the European Union and became the smallest member country within the block.
As a financial centre, Malta has earned a reputation as a progressive and well-regulated jurisdiction following accession to the EU in 2004 and the adoption of the Euro in 2008. Even though Malta is “onshore” as a member of the EU, it provides many “offshore” benefits, and our services enable clients to take advantage of these benefits.
Through the years, Malta’s legislators have consistently focused on providing an attractive and efficient tax system in line with EU legislation, drawing the attention of international investors and leading it to become a highly developed international financial centre. Despite the recent recession which has affected the entire globe, Malta kept a sound banking system and has developed strategies which not only have effectively guaranteed the survival of its economy, but have contributed to the solidification of its reputation as a major European legal, financial and corporate services provider.
In addition, Malta also offers an efficient and attractive tax regime - acknowledged to be one of the most beneficial and attractive in the EU.
Other reasons for considering Malta as the base for operations include:
- accessible financial services regulator
- competitive tax regime
- extensive double taxation treaty network and other double taxation relief mechanisms
- efficient accounting, legal and banking services
- stable political environment and solid international reputation
- state-of-the-art telecommunications infrastructure
- modern legal system and tax legislation
- highly qualified, well-educated and multilingual labour force
- strategically located at the crossroads of three continents
- status as a Schengen member state
- excellent flight connections
- comparatively low running costs, rents and wages
- pleasant climate
- one of the lowest crime rates in Europe
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