Every country in the world offers its residents different advantages and disadvantages. With Malta it is no different. Anyone who plans to move to Malta has highly diverse reasons for doing this. Here we would like to present some advantages and disadvantages for discussion. The sympathetic reader will discover that each point has its pros and cons, although the same fact often signifies a pro for one person and a con for another.
Point 1: Malta’s strategic geographical location
Malta is located in the middle of the Mediterranean, at the southern tip of Europe. For one person ideal, as an international hub for travelling within Europe, with connections to Africa, the Middle East and Turkey, for another much too far from European metropolises like London and only with difficulty accessible by car.
Point 2: Malta’s weather
There are really only two seasons: the hot summer and the mild winter. For many clients the Mediterranean climate is ideal and offers quality of life, particularly in view of the crystal clear sea all around. For others, on the other hand, the climate is much too warm and they miss the transitional seasons of spring and autumn, quite apart from white Christmases!
Point 3: Malta’s size
A large number of people live and work within a few square kilometres, and business is brisk. For some people this compactness is brilliant, everything is close together and can be quickly and easily accessed. For others, the congested streets during peak hours are a great cause of stress and they miss the space they are accustomed to on the European mainland.
Point 4: Malta’s social fabric
Due to its small size in combination with the large number of inhabitants, Malta is more like a medium-size city on the European mainland, where almost everyone knows everyone else at a business and administrative level. Many people appreciate these close contacts and short distances in their business life which can lead to the rapid success of projects, others, however, fear a negative culture of nepotism.
Point 5: Malta’s awareness of its heritage
The Maltese love and celebrate their traditions and festivals, both religious and social ones. On the one hand, this means fantastic, impressive street festivals lasting well into the night as well as strong family ties; on the other hand, however, it can be perceived as adhering to the tradition of spring hunting and dusty, old-fashioned bigotry.
Dr Werner & Partner can advise you on many issues, including ones not directly related to establishing a company in Malta or to optimising taxation.