Why Malta is the perfect place to reside in — even in times of ‘Corona’.

Com­ment by Philipp Sauer­born:

Cur­rent­ly, there is no oth­er top­ic that dom­i­nates the media more than the coro­n­avirus or Covid-19, a virus that is spread­ing rapid­ly and ter­ri­fy­ing the pop­u­la­tion and the econ­o­my. It is pre­cise­ly at such times that gov­ern­ments are more than ever in demand to prove them­selves wor­thy and effec­tive. As many of my clients are cur­rent­ly ask­ing me ques­tions about the sit­u­a­tion here in Mal­ta and how peo­ple and gov­ern­ments behave, I would like to ded­i­cate this analy­sis to give you, read­ers, a sta­tus-update and give you four rea­sons why I feel very safe and well pro­tect­ed here.

#1 The Acting Government

The first point I would like to make is a brief excur­sion into the use of lan­guage: The dif­fer­ence between react­ing and act­ing.

React­ing describes what oth­er cir­cum­stances demand of me when a cer­tain sit­u­a­tion has already occurred. Act­ing, on the oth­er hand, is used when the first step is tak­en and the actor can still decide inde­pen­dent­ly what to do.

The prin­ci­ple should, there­fore, be act­ing rather than react­ing, and I think the Mal­tese Gov­ern­ment is doing an excel­lent job of that. Why?

The Mal­tese gov­ern­ment was the fastest in tak­ing action: it arranged for flights to and from risk areas to be com­plete­ly banned after “only” three peo­ple test­ed pos­i­tive for Covid-19. It was thus one of the first to take action with such a small num­ber of cas­es. Sim­i­lar­ly, it was decid­ed before oth­er coun­tries to close kinder­gartens and schools. Sim­i­lar­ly, a two-week quar­an­tine peri­od is now in force for all per­sons enter­ing Mal­ta, with fines being imposed for vio­la­tions

(Source: https://timesofmalta.com/articles/view/live-blog-coronavirus-updates.778526)

Malta Government

#2 Organization

Even though south­ern coun­tries are some­times known for their rather relaxed way of accept­ing and doing things, this sit­u­a­tion is any­thing but relaxed here. I know from acquain­tances that the telephone/helpline sup­ply is well reg­u­lat­ed when it comes to ques­tions about COVID-19. There is this helpline where ques­tions can be asked and to which peo­ple in quar­an­tine can also be direct­ed. The gov­ern­ment has also set up a deliv­ery ser­vice for food for peo­ple in quar­an­tine to min­i­mize the need to leave the house.

Organization Malta

#3 The behavior of the population

Yes, the coro­n­avirus ter­ri­fies us. But instead of pan­ick­ing or see­ing the seri­ous­ness of the sit­u­a­tion, most peo­ple here act with great cau­tion and many pre­cau­tions are tak­en. For exam­ple, doors in our office are left open so that we don’t have to use door han­dles, dis­in­fec­tants can be found in almost every store and secu­ri­ty per­son­nel in super­mar­kets make sure that fresh goods that are touched are not put back. Scare tac­tics? No. In my opin­ion, these are exact­ly the right actions that need to be tak­en to con­tain the spread of the virus. Peo­ple here, and espe­cial­ly the elder­ly pop­u­la­tion. I find that remark­able.

People Malta

#4 The Economy

Mal­ta has achieved a bud­get sur­plus due to its good eco­nom­ic man­age­ment, which, accord­ing to Sil­vio Schem­bri, Min­is­ter of Econ­o­my Mal­ta, enables the state to pro­vide liq­uid­i­ty to com­pa­nies. It was announced that the matu­ri­ty of VAT, Pro­vi­sion­al Tax and Social Secu­ri­ty con­tri­bu­tions will be extend­ed by two months, leav­ing entre­pre­neurs with more mon­ey to cov­er upcom­ing costs such as per­son­nel costs.

Read more about it here: https://lovinmalta.com/news/malta-in-strong-position-to-help-businesses-new-measures-planned-ahead-of-predicted-global-economic-downturn/

All in all, I must say that, due to the behav­ior of the gov­ern­ment and the peo­ple, I feel very well looked after and safe. There is no rea­son for con­cern and the eco­nom­ic sec­tor, in par­tic­u­lar, is well sup­plied hav­ing con­sid­ered and imple­ment­ed ade­quate liq­uid­i­ty mea­sures.

About Philipp Sauerborn

In 2005, Philipp Sauer­born joined the firm of St. Matthew in Lon­don, one of the lead­ing Ger­man account­ing firms in Eng­land renowned for its exper­tise in cor­po­rate, com­mer­cial and tax law, as a depart­ment head. After three years, he was a part­ner and man­ag­ing direc­tor.
Towards the end of 2011, he decid­ed to move to Mal­ta, where he first worked at inter­na­tion­al law firms and con­sul­tan­cies in an employed and con­sult­ing capac­i­ty. Since the begin­ning of 2013, he has been a senior employ­ee at Dr. Wern­er & Part­ner. Mr. Sauer­born is cur­rent­ly com­plet­ing his ADIT ‑Advanced Diplo­ma in Inter­na­tion­al Tax.

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