The global perception of Malta is shifting, no longer is this island just known for its natural beauty, unique traditions and rich history; the island is fast becoming known as a favourable investment opportunity for foreign corporate companies as well as individuals in their personal capacity.
What is the benefit of Investing in Malta?
Malta is the largest of an archipelago. It sits nestled in the beautiful Mediterranean, surrounded by blue seas and enjoys 300 days of sun. Malta is an attractive investment choice for a number of reason’s each of which is appealing to companies and private persons alike.
Both Maltese and English are recognised as official languages in Malta and as such business is conducted in both languages, an appealing aspect for international companies wishing to conduct business in Europe. More than that is the islands preferential tax structure when it comes to doing business on the island. This favourable tax environment has attracted many foreign investments and highly skilled and qualified individuals in recent years to Malta.
The islands strategic location, makes it an ideal environment for successful transhipment and distribution, while low start up and operational costs for businesses, as well as excellent technological infrastructure, further increase this beautiful island’s appeal for foreign investment.
Malta in the European Union (EU)
Malta is a single-chamber parliamentary republic. The prime minister acts as the head of government, while the president (whose role is largely ceremonial) acts as the head of state. The country is divided into five regions, respectively they are; the Northern Region, the Central Region, the South Eastern Region, the Southern Region and the Gozo Region, which is Malta’s siter Island. Each has its own respective committee which is the bridge between local and national government.
In 2003 the government of Malta held a referendum on European Union (EU) Membership and with the majority vote being in favour of joining the EU, Malta officially became a part of the EU in 2004. Four years later the Maltese Lira was retired and the island adopted the euro in January of 2008, further increasing its investment potential. Since then the country’s economy has grown exponentially and continues to do so year on year.
The Malta Economy
In the 2007-2013 the financial crisis that affected large parts of the globe left Malta largely unscathed. Through sound business practices such as cutting non-labour related costs or reducing natural wastage along with state aid given to several large corporations, Maltese companies were able to avoid massive job losses which resulted in Malta outperforming not only a number of EU states but also a number of non-EU countries, financially, economically and socially.
The way in which the financial crisis was handled further cemented Malta’s global position as a stable, safe and sound investment choice, this resilience and sound economic choices again proved beneficial when the Coronavirus spread across the globe.
Malta & Covid-19
Malta has impeccable resilience and leadership, proving its competency and dedication to its citizens during the Covid-19 pandemic. Commended by the regional director of The World Health Organisation as the “country to follow” during these trying times, Malta was able to flatten the curve without completely shutting the economy down.
Earlier in 2020 Malta received an A+ rating by Fitch Ratings, Standard and Poor’s, Moody’s and Creditreform. This was despite the fact that since the beginning of March 2020, several European countries had their credit ratings downgraded due to the world wide Covid-19 pandemic.
Reports by expert’s project that Malta will continue to be one of the fastest growing countries throughout Europe and is predicted to have a 5% economic growth in 2021. This can largely be attributed to the stable political environment Malta enjoys along with a Productive and dedicated workforce which contributes to the above average GDP growth Malta enjoys year after year. The favourable climate and stable economy provide a high standard of living and an excellent quality of life for all those who invest in Malta.
Living in Malta
RIn 2019 the Global Wealth Migration Review – published by the New World Health – declared Malta as the second safest country in the world for women and children and the safest in all of Europe for the second year in a row. Another report published by United Nations University Institute for Environment and Human Security, ranked Malta as second (only after Qatar) in terms of its susceptibility and ability to successively deal with a natural disaster.
With a stunning climate and low crime rating Malta is a safe and secure place to live and raise a family, with a world class health system which is ranked 4th globally, a treasure trove of history, culture and traditions, impeccable cuisine, excellent education and a global foothold, Malta is a stable, smart and sound investment choice for anyone.
Secure Your Future
Whether you are interested in property investments for future generations, a commercial space to boost your business or an all-year-round rental for IIP (Individual Investors Programme) purposes, Malta is an ideal investment opportunity.
Here at Malta Sotheby’s International Realty we understand the importance of not only securing your future and that of your family but also securing investment opportunities for your business and employees. That is why our skilled and experienced associates will provide guidance and assistance to ensure that you maximise your investment potential in Malta. We will identify investment and development opportunities for you while sharing our local market knowledge and expertise while you navigate this new and exciting chapter.
In addition, we are able to offer a range of investment solutions in partnership with The CSB Group, designed to yield a return. Get in touch today to secure your future – Let’s Talk Investment.