Facts & Figures About Malta
With 300 days of sun a year and 11 blue flag beaches, Malta is a far cry from colder (and wetter) competing jurisdictions.
Malta is also much more than just a “sun and sea” destination offering over 7,000 years of history including the oldest freestanding structures in the world and 3 UNESCO World Heritage Sites including its entire capital city, Valletta.
Malta Financial Information
Corporate tax rate: Flat rate of 35% – Malta operates a full imputation system of taxation.
Personal tax rate: 0% to 35% according to income – specific incentives apply.
Double tax treaty network: 70+ countries.
Financial services regulator: Malta Financial Services Authority.
Business & Legal Environment in Malta
Tourism, high value added manufacturing, financial services, life sciences and pharmaceuticals, shipping & logistics, ICT, education and training, creative arts and aviation.
Maltese workers are widely praised for their skill, flexibility and industriousness. With one of the oldest Universities in the Commonwealth (the University of Malta traces its origins to 1592) producing approximately 3,000 graduates per year coupled with approximately 1,000 per year from technical colleges, Malta continues to provide a steady stream of highly qualified workers in all major disciplines. Almost all Maltese are bilingual speaking both Maltese and English fluently. The majority speak a third (mainly Italian or French) language or even a fourth (typically Italian, French or German).
The Maltese legal system has been shaped by its diverse history resulting in somewhat of a ‘mixed’ system. Maltese private law is based on a codified civil code deriving from the Napoleonic code (dating back to Malta’s occupation by the Knights of Malta and the French) but Malta’s Commercial Laws (maritime/admiralty, company, tax, insurance and banking laws) and Criminal Law are all heavily based on English statute and principles (Malta was an English colony for 164 years until 1964). Maltese Public Law makes extensive reference to English common law. More recent innovations such as trust law (based on English and Jersey law) as well as the implementation of European Union legislation continue to invigorate Malta’s legal system.
All laws are published in both Maltese and English. In financial services, the English version prevails.
English. Legal documents (eg. Prospectuses, KIIDs, M&As etc) do not need to be translated into Maltese.
Largest in Europe, 6th largest in the world.
Yes.
Malta’s national airline, Airmalta, operates direct flights to over 35 major European cities all year round. Malta is also served by low cost airlines such as RyanAir and EasyJet. Flight time from London or Paris is around 3 hours and just over 1 hour from Rome.
