Why you should open a company in Malta

Choosing a jurisdiction to operate in, or a new location for a branch of your existing company can be a difficult prospect. Each country has its own pros and cons and knowing which one is best suited to your needs can be difficult to decipher.

The small island of Malta has long been a hub for iGaming, financial services, corporate services and fintech. Recently it is making a prominent name for itself in the field of cryptocurrencies and related industries. So why should you consider setting up base in Malta? What benefits does opening a company in this small, EU Member State afford?

Efficient registration procedure

The process of opening a company in Malta is relatively quick and efficient when compared to other EU jurisdictions. By enlisting the help of a specialist advisory such as E&S Group you can have a range of different company types or structures registered correctly and with minimal fuss. Directors and shareholders do not have to reside in Malta, the share capital totals EUR1164.69 with just 20% paid up upon incorporation, and as long as all documents are in order, the company can be registered within 2-3 working days.

Great fiscal incentives

Malta offers companies a highly efficient, EU compliant fiscal regime with an extensive double-taxation network. It provides a full imputation system for applicable entities, which allows shareholders to benefit from a refund of the tax paid by the company when distributions are made to them.

Tax benefits for Maltese holding companies

A Maltese holding company can be set up to hold securities, shares and business assets such as fixed assets, real estate, investment, bank accounts, aircraft, intellectual property, and yachts. The domestic tax treatment that is afforded to the income received by such companies as well as the countries participation exemption means that those choosing to set up a Malta holding company can enjoy attractive benefits as well as an excellent conduit to and from the EU.

A sound reputation

Malta has been a fully-fledged member of the EU since 2004 and since then, the country has cemented its reputation as a hub for business and new industries. In particular, it is renowned for its vast iGaming industry, its financial services industry, and now its burgeoning cryptocurrency sector. The country is home to international banks such as HSBC, BNF Bank, and Lombard, amongst others. Malta also transposed and enforced the EU’s Fourth Anti-Money Laundering Directive and its financial services sector is regulated by the Malta Financial Services Authority.

Solid infrastructure

You can fly to any EU city within three hours from Malta International Airport and Dubai is around five hours away. The countries employee pool is fluent in English, Maltese and often Italian with languages such as French and German being spoken widely. Malta enjoys fast fibre internet, a high standard of IT infrastructure, an experienced and highly educated professional workforce, and a full range of specialist ancillary service providers.

Good quality of life

Last but not least, Malta ranks as a country with the highest quality of life within the EU. The country enjoys over 3000 hours of sunshine every year along with long, hot summers, and short, mild winters. As far as recreation goes, Malta is rich in history, culture, heritage, and many opportunities to socialise and network. Professionally, the University of Malta lectures in English and many professional and internationally recognised courses can be taken locally.

 

E&S Group is a leading law firm offering various services with regards to ICOs. Feel free to contact us directly on +356 20103020 or by email at [email protected] to find out how E&S can help you in ‘making things happen’.

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