Malta is an appealing EU jurisdiction and a perfect gateway to many markets
The Maltese archipelago has for centuries been strategically important located virtually at the center of the Mediterranean. It has been ruled by Phoenicians, Carthaginians, Romans, Moors, and Normans, as well as the Spanish, the Knights of St. John, the French and the British.
Located in the Mediterranean Sea, south of Sicily (Italy), with an enviable climate it consists of three islands: Malta, Gozo and Comino, of which Malta is the largest island as well as being the cultural, commercial and administrative centre. The City of Valletta – also known as The Fortress City, is its capital.
The city of Velletta is busy by day, yet retains a timeless atmosphere by night, that gives the feeling that you are walking back in time. The grid of narrow streets boasts some of Europe's finest art works, churches and palaces. Valletta is abundantly rich in sites to see and explore, intriguing historical buildings around every corner, fountains and coats of arms high up on parapets. Narrow side streets are full of tiny quaint shops and cafés, while Valletta's main streets are lined with larger international branded shops for fashion, music, jewellery and much more.
In the last 15 years, the island developed a financial and commercial infrastructure to meet the needs of new enterprises that are seeking a low cost operation based in Europe.
Malta has grown into a highly developed financial centre, and offers excellent possibilities for low-cost financing of investment transactions and international activities. It offers a world-class information and communications technology infrastructure and English as an official language.
Constitutional and Regulatory Environment - Great Britain formally acquired possession of Malta in the early 19th century. The island supported the UK through both World Wars and remained in the Commonwealth when it became independent in 1964. On 13 December 1974 Malta became a republic and in May 2004 became an EU member state.
Malta is an onshore jurisdiction with offshore benefits and as a business location, it provides a high quality professional service overseen by a European standard of regulation.
Malta has a regulator, the Maltese Financial Services Authority, with a strong business development mindset, and the country has been successful in attracting gaming businesses, aircraft and ship registration, banking licenses and also fund administration services.
The jurisdiction has made strong headway in implementing EU Financial Services Directives and attracting key players in including the fiduciary, trustee, fund and banking industries.
The two largest commercial banks are Bank of Valletta and HSBC Bank Malta,
The Maltese government adopted the euro as the country's currency on 1 January 2008.
Taxation - From a taxation perspective Malta is an attractive jurisdiction in which to operate with attractive tax rates and a beneficial tax rebates system as well as an enviable network of double tax treaties with more than 70 agreements in place. There is a range of tax efficient opportunities for structured solutions.
Travel Links - Malta is just three hours by 'plane from the UK and has excellent flight networks linking the Island with regional airports such as Manchester, Birmingham, Bristol, Bournemouth, Edinburgh, Leeds, Liverpool, Luton, Stansted, Newcastle and Glasgow. Malta International Airport offers flight connections to a number of International Airport hubs and Air Malta offers a network of flight partners.
Whitmill Trust Company Limited through its partnership with Affinity Management Services (Malta) Limited is able to offer all the experience, professionalism and dedication you need to take full advantage of the benefits that Malta has to offer.