A tiny island nation with a population less than Birmingham, Leeds or Liverpool is going smoothly through the economic crisis that is casting a dark cloud over many countries in the EU.
Hardly anyone knows the fact that Malta has been part of the Euro-zone for the last six years, and that the unemployment rate – although it has risen slightly over the last years – is with 6.8% still below the EU average. Malta’s economy focuses on shipbuilding, fishing and tourism. Despite this – or maybe because of it – the financial and banking sector has remained stable, even if the public sector does not always make useful expenditures.
The Euro especially favours the possibilities of investments and company formations on the island. The Malta Limited is the most common company type and it is comparable to the UK Limited company type.
Do you get immediate tax benefits with a company formation in Malta?
Yes and No!
Taxes in Malta include corporation tax. The corporation tax can be as low as 5% under certain circumstances. But first, 35% corporation tax has to be paid in advance. However, up to 30% refunds are possible through tax-return procedures. This is an important factor to be considered. If you don’t deal with saving taxes the right way through the formation of a Malta Limited, or you don’t have a professional consultant by your side, saving taxes in Malta can become an unnecessarily complicated issue.
There are vast opportunities in Malta to save taxes and invest your money safely. The foundation of a Limited company in Malta is simple, the government is stable, and the standard EU regulations guarantee safety. Despite slow changes and the attempt to close tax loopholes, you can still continue to save taxes with the skilful use of a Malta Limited company. You can find more information on company formation in Malta on our home page, or we can advise you in a personal consultation.
