In today´s globalized world, leaving an international footprint is essential to a company´s success. As an entrepreneur, the legitimate question arises which location is the most appropriate for setting-up a business and which factors speak in favor of a certain location.
So in this post I do not want to talk primarily about the tax advantages of a Malta based company, but would like to go more deeply into the geographic and cultural advantages that accompany a Maltese company domicile.
The benefits of Maltese culture as a locational advantage
Nowadays large enterprises employ a Diversity Manager who analyzes the staff’s diversity and tries to use it for the company’s strategy. To me, Malta sometimes is like a big company. There are different places and each one of them is responsible for a certain area (tourism, language trips, industries, etc.), but the country’s operating conditions can only be guaranteed if they work together. It is due to the very large history and the Maltese people’s fondness of it that you can benefit from that. Maltese people are not closed-minded but are very open to other cultures, and this, as well as because of its mercurial history, is why diversity that a company can benefit from has emerged in Malta.
Still in Europe but the gate to Africa
Malta geographically stands out due to its location within Europe with Italy at about only 70 km, while being situated almost on Africa’s doorstep. Especially in times of political unrest over the last years, Malta was able to act as a mediator. If you still want to set-up a business within Europe while being close to the next big continent (especially having in mind the Arab countries with a lot of growth potential and already well capitalized), then Malta could be the right choice.
Positive side effects of setting-up a company in Malta
There are other reasons for choosing Malta, like the climate and the unique nature, but it is also a place for companies wanting to reduce their tax burden and wanting to benefit from tax laws within the European Union. An effective tax rate of only 5 % allows companies based in Malta considerable savings.
