Malta

QUICK FACTS

Location : Southern Europe, islands in the Mediterranean Sea, south of Sicily (Italy)

Capital : Valletta

Total Area : 316 sq km

Population : 415,196 (July 2016 est.)

Population distribution: most of the population lives on the eastern half of Malta, the largest of the three inhabited islands

Languages : Maltese (official) 90.1%, English (official) 6%, multilingual 3%, other 0.9% (2005 est.)

Religion : Roman Catholic (official) more than 90% (2011 est.)

Ethnic groups : Maltese (descendants of ancient Carthaginians and Phoenicians with strong elements of Italian and other Mediterranean stock)

Government type : parliamentary republic

GDP – per capita : $37,900 (2016 est.)

Climate : Mediterranean; mild, rainy winters; hot, dry summers

Legal system : mixed legal system of English common law and civil law (based on the Roman and Napoleonic civil codes)

Unemployment rate : 4.6% (2016 est.)

Visa free countries : 168 (2016)

Overview of the country – geographical Situation, accessibility

Flag of Malta

Crossroads of multiple cultures throughout history, Malta is a small republic located in the middle of the Mediterranean Sea. It is an archipelago composed of 8 islands, 4 of which are inhabited. Valletta is its capital. With its rich cultural influences, Malta is an important transshipment point for freight, as well as an important financial center.

Malta has an international airport that serves the entire Maltese archipelago.

Rate of tax system on the physical persons living in the country

Malta offers not only an excellent infrastructure for business projects but also favorable tax rates for businesses and individuals.

Foreigners wishing to establish their tax residence in Malta can benefit from particularly attractive advantages. New Maltese residents of foreign nationality may establish their tax residence in Malta and be taxed only on their income repatriated to Malta.

Income from international sources not repatriated to Malta is not subject to taxation. In addition, there are no inheritance taxes, no tax on donations and no wealth tax.

The principle of “Remittance basis” can apply to a large number of candidates for expatriation and presents many tax advantages. Contact us for an in-depth study corresponding to your profile.

Physical and legal Security of the country

The state’s legislative and regulatory systems provide a robust and flexible framework for doing business. The economy, which has been recovering steadily since 2009, is mainly based on foreign trade, manufacturing, tourism, finance and technology.

Entry into the European Union in 2004 and the Eurozone in 2008, Malta is a privileged retirement destination. The country is safe, neutral and stable.

Programs of economic investments set up by the government of the country host, with new residents

Malta’s Individual Investor Program (IIP) is the first citizenship program approved by the European Union.

The IIP was legally introduced into Maltese law in February 2014. The program allows the Maltese State to grant citizenship by means of a certificate of naturalization to persons wishing to contribute to the economic and social development of Malta.

Quality of Life

Malta is a small country in the European Union where the sun shines all year round, the winters being very mild. It is good to live there and that is why many retirees settle there and tourism is predominant in the economy of the country.

English, widely spoken by the population, is one of the official languages ​​of Malta.

Countries for which visas are not necessary any more

Etre résidents à Malte vous permettra de voyager librement dans plus de 166 pays, dont les Etats Unis, l’Union Européenne et le Canada.