Things That Make Malta Residency the Right Choice for Living for Foreigners

Malta has a strategic location in the middle of the Mediterranean. It has close ties to North Africa, Europe, and the Middle East. The island of Malta is an excellent port infrastructure with frequent air connections, which makes it a perfect logistical hub. Besides this, Malta is a proud member of the European Union since 2004. Therefore, it is an excellent gateway to the Euro-Mediterranean region for foreign businesses and enterprises. Several Malta residency schemes provide investors with an opportunity to become a resident of the island.

Functioning Financial system 

Malta has undergone an impressive transformation since it gained independence in 1964. The island has developed itself as a fully functioning open market economy. Malta’s membership in European Union in 2004 turned out to be a natural step to secure an excellent economic future for the island.

Malta adopted the Euro in 2008 to confirm its desire to develop its economy and ensured that this currency wouldn’t be vulnerable to fluctuations. This step allowed the Maltese nation to be more competitive and financially functioning in Europe.

Pro Business Governments 

Malta has a pro-business government, which continually seeks to strengthen the island’s attractiveness as an open-market economy. The government makes sure to have a more progressive and flexible financial environment of the island to respond to global trends in the worldwide market. The island has a favorable industrial climate with pro-business policies that work as a fundamental component for the foreigners who want to ensure their business success in Malta.

Malta Corporate Taxation System 

Maltese taxation system attracts many entrepreneurs who want to save on corporate rate. The corporate rate in Malta stands at 35 percent. However, you can still benefit from a refund equivalent to 6/7 of the tax paid by distributing dividends, making it the minimum possible taxation rate.