Business In Malta
Various incentives and a strong economy makes Malta the preferred EU country to settle in for U.S. businesses. This article will introduce the basics of the Maltese economy, company formation and residence programmes for U.S. citizens.
A co-operative is a great alternative to establish among competitors, in order to establish a body corporate being able to enter into agreements, fund and achieve a common goal.
Latest Business News
If you’re planning to open a new bank account in Malta, you’ll be pleased with all the available options, no matter if you’re looking for a private account or a corporate banking solution. The key to getting a fully operational bank account quickly is to precisely match all KYC formalities (Know Your Client).read more
Submitting your VAT declaration in Malta is a simple process that only takes a few minutes to complete through the Internet.read more
In 1998 a law was introduced requiring those responsible for operating businesses, or people who are self-employed in Malta to submit details to their Value Added Tax (VAT) Department. If you want to apply for VAT in Malta the information provided here will help you navigate your way through the steps you need to take and what to do if you are applying for VAT.read more
There are currently a total of 26 banks for business in Malta and three of these are international branches of foreign institutions. These firms operate according to the guidelines set forth in the 1994 Banking Act as well as the 2002 Central Bank of Malta Act. They are regulated by the Malta Financial Services Authority (MFSA) and these banks are relatively stable due to the resilient nature of the Maltese financial system.read more
Malta has a fast-developing economy & a rising demand for both local and international employees. Thanks to the EU employment rules policies, employers now have a vast pool of job seekers to choose from. So, here are all the necessary steps and requirements of successful employee recruitment Malta.read more
Due to the fact that Malta reconfigured its corporate taxation framework in 2007, it is important to appreciate how these changes might affect businesses as well as to develop a thorough understanding of the principles associated with common Malta corporate tax issues.read more
Malta is a commercial hotspot that provides access to the European, North African and the Middle East markets. With the creation of the Venture Capital Malta scheme, foreign investors can now enjoy access to private equity funds for their investments in Malta.read more
When it comes to income tax Malta has it’s own specific regulations. For starters, annual returns need to be filed either a) within the 9 month period that follows the offical end of the businesses’ fiscal year or b) March 31st (whichever comes first). Tax returns are sent directly to the Commissioner for Revenue in Malta or they can be filed online on their website and you’ll receive a receipt immediately.
In order to promote various different business activities, the government has gotten rid of the requirement of trade licenses for various different business activities. Specifically, this has been done through what’s called Legal Notice 40 which was drafted and proposed in 2016 and became official on the 1st of January in 2017.
Malta has grasped the iGaming industry and its iGaming firms are currently leading when it comes to being the best in business. The success of iGaming in Malta has made the Maltese people to become experts when it comes to iGaming and this makes us rename Malta as Europe’s Silicon Valley when it comes to their expertise in the iGaming industry.
In the past few years, many new businesses have been setting up virtual offices in Malta, to the point that Malta is now gaining a strong reputation in the new industries. From multinationals to traditional business hubs and ranging all the way to cutting edge technological and pharmaceutical firms, this peaceful and sunny island is now attracting in worldwide attention and investments.
In order to open a business in an office Malta, you need to acquire an operating license that is often issued by the relevant government department. There is normally a fee for the license and it depends on the nature of the business you wish to start and where you want it located.
The Planning Authority (PA) is responsible for environmental regulation and land use planning in Malta. This national agency was set up under the Development Planning Act (1992) and Environment Protection Act (2001) of Malta laws. Entrepreneurs should understand the regulation and building permits in Malta before establishing a structure for their business.
Malta’s location in the centre of the Mediterranean has long made it of strategic interest to foreign powers, and this has been reflected in its long history. While the geopolitical situation in the region may have changed somewhat, the country still draws attention from the outside world.
Malta Enterprise is the economic growth agency that is responsible for the development and support of Malta’s enterprise both locally and internationally. To help facilitate the development and growth of businesses in Malta, the agency provides a range of funding and support that assists in facilitating the enterprise throughout its stages of growth.
Malta is renowned as a global centre of excellence for commerce. This reputation is thanks in part to the significant business incentives in Malta, afforded by its inherently pro-business policies. It is no surprise, then, that so many successful companies establish themselves in Malta.