Investment opportunities in Malta - SmartMove Immigration
Malta, formally known as the Republic of Malta, is a Southern European Country. It is one of the smallest yet densely populated countries in the world. One of the competitive advantages of Malta is its geographical location. The geological area of Malta has truly given it heaps of vital significance. It lies in the focal point of the Mediterranean Sea and this has truly worked in the support of Malta. It is treasured with natural resources and the advanced infrastructure, political stability and a flexible, as well as adaptable English speaking labour workforce, simply add an exceptional conduciveposition to the country.
Malta’s fundamental resources comprise of limestone and it is known as a fishing destination. Like most of its natural resources, it additionally has a splendid state of the art infrastructure. In addition to this, Malta has perhaps the best infrastructures in the EU. It has amazing telecommunications framework combined with a decent and effective air transport which handles a wide range of passengers as well as cargo traffic. It is one of the major hubs for establishing residency by the immigrants. Facts:
Malta has consistently been known as a tourist destination; it is an international tourist resort and has nine UNESCO World heritage sites. It switched into becoming a member of the European Union in the year 2004 and introduced liberalization to its economy and markets. Moreover, it privatized some of its government-controlled firms. Since the past, it joined the EU; it has turned out to be one of the most supported destinations of investors and entrepreneurs to lead the business. Malta doesn’t have a property tax and furthermore offers exceptional and competitive tax incentives to foreign investors and speculators in the entire European Union. It is fascinating to know that Residence Permit by Investment is feasible while migrating to Malta.
Trends:
There is a more concrete trend than anticipated which proves to be a bounce-back for the Maltese economy.
Malta will certainly develop at an unfaltering rate with the dominant part of its development and growth being triggered by the substantial domestic demand.
Market Size
In spite of being small in size, Malta is thickly populated and has a populace of close to half a million. In any case, the market in Malta is huge and needs foreign investment for development. The lion’s share of segments in Malta stay unexplored and henceforth financial investors can intensely bank upon these opportunities.
Key investment areas
Malta is an exceptionally focused area for foreign investment. The flourishing and booming sectors in Malta comprise of niche manufacturing and numerous others in the service sectors. Some of the key industrial ventures for foreign investors to investigate and navigate opportunities in Malta consist of Biotechnology, Maritime activities, Financial Services, Electronics, ICT and Software development, Automotive and Pharmaceutical and Healthcare. Another segment worth investing resources into Malta is the financial sector, because of the enormous growth this sector has demonstrated in the relative past. As per the Global Financial Centers Report Index, the financial service sector of Malta is recognized as one of the top three financial sectors in the entire world.
FDI/Investment arrangement
Malta Citizenship by Investment can be attained through this route entry clearance Malta has a standout amongst other investment policies in the European Union. The government of Malta intensely empowers the role of foreign investment in its entire advancement, particularly in the technology sector. For this, the Maltese government likewise enacted incentives and benefits for foreign investors under the Industrial Development Act 1988. The Maltese government enables foreign investors to offer jobs to expatriates simply after approval. To fetch in progressively more foreign investment in the country, the Maltese government additionally propelled another body known as the Malta enterprise to pull in more FDI.
Exclusive incentives offered by the Maltese government to foreign investors:
There are a plethora of business incentives which the Malta government offers to foreign investors. These generally comprise of provisions of immovable property, soft loans, loan guarantees, loan interest rate subsidies, work permits and lending training assistance. There are additionally many tax incentives which the Malta government offers to investors. These are inclusive tax credits on investment.
The government also caters investment allowances such as a 50% tax deduction on plant and machinery and 20% deduction on industrial buildings or structures. Similarly, there are also incentives for job creation and tax treaties.
Related policies, reports
To promote foreign investment in the country, the Malta government has executed a few enactments that work in the interest of investors. Some of these legislations incorporate the Malta Enterprise Act and the Business Promotion Act.
Resources:
The Maltese government built up an agency known as Malta Enterprise to draw in and lure more FDI in the nation. The fundamental target of this agency is business advancement under which it needs to pull in FDI and promote trade practices. It is also accountable to execute services such as customer relationship management and managing deals with third party corporate services. For more data about this agency, you can visit www.maltaenterprise.com. An upward development pattern, a gigantic infrastructure, a strategic location and exceptionally effective workforce supply, all these truly make Malta the best destination for foreign investment.
Why Malta? Malta has developed the right economic environment to fulfil the demands of the global investment market. It has durable and long-standing connections with Europe, North Africa and beyond and has a liberal foreign investment policy. It also boasts a plethora of employment opportunities as there is also the supply of skilled workforce for investors. Malta offers various benefits to foreign investors seeking to open for business on the island, including:
Membership of the EU Adoption of the Euro in January 2008 Financial Services account for 13% of GDP Highest percentage proportion of hi-tech imports and exports within the EU. High inward Foreign Direct Investment (FDI) performance and high inward FDI potential (World Investment Report 2007) Stable credit ratings Developed trade links with Europe, North Africa and the Middle East Committed and qualified workforce High calibre educational facilities, simple to set up courses customized for peculiar industries, ready to rapidly adjust to the necessities of the industry Close ties to Europe just as North Africa Smart City Malta, Second Dubai Internet City on the planet Hub for education and knowledge-based industries Centre for excellence
Multilingual workforce – English is an essential language and Italian, French, German and Spanish are broadly spoken. Advanced and developed telecommunications framework, wireless internet connections, VOIP, WiMax, and 3.5G Malta Freeport, servicing 115 ports around the world International Airport has direct flights to 37 major noteworthy cities High-end health care services.
Invest resources into Malta: A Center of Business Excellence
Malta has a flourishing industrial sector with more than 200 foreign and somewhere in the range of 400 locally-owned manufacturing companies. The manufactured products in Malta are exported across the globe. The most adaptable and exceptionally trained multi-lingual workforce is Malta’s principal asset resource and guarantees the nation’s aggressive edge through high-quality production at costs that are profoundly competitive concerning mainland Europe. Malta offers an advanced transportation infrastructure, state of the art telecommunications frameworks, and subsequent air links to Europe, North Africa and Middle Eastern destinations. Malta’s strategic location in the centre of the Mediterranean, as well as its phenomenal harbours and Freeport, make it a magnificent manufacturing destination. Malta has well-equipped Individual Investor Programme
Helping Entrepreneurs: The Business Promotion Act
The Industrial Development Act has been succeeded by the Business Promotion Act (BPA) in drawing in foreign investment and urging foreigners to work together in Malta. It has been in full swing since 2001 and introduces more prominent extension and adaptability with the incentives which are available and accessible for the advancement of business, and spreads a greater and extensive scope of qualifying sectors and activities as compared to the past. The BPA offers incentives to those ventures exhibiting development and business as well as employment potential that are engaged with manufacturing (including software development), repair, improvement and maintenance exercises. The Business Promotion Act envisages the Business Promotion Rules and Regulation aligning the Act and offering alluring fiscal incentives for companies engaged in particular manufacturing and qualifying activities. The incentives accessible under the Business Promotion Act might be subdivided under two headings, in particular, tax-related incentives and non-fiscal related incentives for conducting business in Malta.
At Smart Move Immigration our UK Immigration & Business experts provide advice and assistance on a range of business services to enable you to set up a business in Malta. From advice on visa options to company structure and carrying out feasibility studies to helping with contracts and recruitment to potential business purchases – we offer one-stop solution services to companies and individuals. Call us on +91 98191 27002 or email us at info@smi.legal to know more about setting up a business in Malta.