Malta, an archipelago consisting Malta, Comino and Gozo, is situated in Mediterranean between Italy and North Africa. It’s a small European country that covers an area on over 300 km2. The population of around 450,000 makes it one of the most densely populated countries in the world.
Malta’s national language is Maltese. English is an official language. It is widely spoken and understood along with Italian.
Malta has a Mediterranean climate with very mild winters. Its a great place to get away from winter snow. I has warm to hot summers. Autumn and winter are the rainy seasons. Malta is the country with the one of the best climate in the world.
Due to its small size and excellent public transport network, getting around and seeing the sights is easy. Malta also makes an excellent base from which to explore the wider Mediterranean region.
Maltese people have a warm and welcoming attitude, this makes integration very east. Malta enjoys world-class healthcare (consistently ranked among the top five in the world by the World Health Organization) and tasty Mediterranean cuisine. The island also has one of the lowest crime rates to be found anywhere.
The strengths of the economy of Malta are its strategic location, its fully developed open market economy, multilingual population, low corporate tax and well developed financial system. The economy is dependent on financial services, foreign trade, manufacturing and tourism.
Malta’s accession to the European Union in 2004, together with the number of tax incentives introduced, which are aimed at attracting foreign direct investment, have made it an ideal jurisdiction for tax planning and corporate structures.
Malta has double tax treaties with important trading partners as well as with emerging countries, in order to encourage the growth of international trade including that of financial services. To date, treaties are in force with over 70 countries and this policy is expected to continue in the future.
Following are the countries with which Malta has concluded double tax treaties:
– In force: Albania, Australia, Austria, Bahrain, Barbados, Belgium, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Georgia, Germany, Greece, Guernsey, Hong Kong, Hungary, Iceland, India, Ireland, Isle of Man, Israel, Italy, Jersey, Jordan, Korea, Kuwait, Latvia, Lebanon, Libya, Liechtenstein, Lithuania, Luxembourg, Malaysia, Mauritius, Mexico, Moldova, Montenegro, Morocco, Netherlands, Norway, Pakistan, Poland, Portugal, Qatar, Romania, San Marino, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Syria, Tunisia, Turkey, United Arab Emirates, United Kingdom, USA and Uruguay.
– Treaties signed but not yet in force: Azerbaijian, Belgium, Curaçao, Ukraine and Vietnam.
– Tax Information Exchange Agreements in Force: Bahamas, Bermuda, Cayman Islands, Gibraltar, USA.
– Tax Information Exchange Agreements – signed but not in force: Macao
These are some of the reasons that make Malta one of the best places in the world, to live and to work.