With its liberal trade policies and low tax regime, Malta has huge trade opportunities to offer India, especially in the manufacturing, pharmaceuticals, logistics, energy and financial services. Business between the two countries has historical significance as both are former colonies and trade between the two countries started back in 1887, when some Indian merchants transferred their business to start selling handicrafts from Malta. Since joining the EU in 2004, Malta has become one of the favourite destinations for international businesses. In fact companies like Aurobindo Pharma and other Indian firms have already shown great confidence in Malta by setting a base on the island. Though both countries may be different geographically they have a lot of similarities including the fact that English is widely spoken. In fact, a bilateral agreement was signed between the two countries which take care of issues like double taxation. Malta also offers a lot of advantages including • Free and good education system • Outstanding communications • Flight connections to all Europe and North Africa • Efficient Freeport • Excellent free health care • Lowest corporate tax in Europe at 5% • Grants for businesses through the Malta Enterprise and the EU. Coupled with the above Malta also offers incentives to film companies through the Malta Film Commission by offering a maximum 22% rebate on the spending of the production of movies on the island. In fact, in the last two years, we have seen the first film productions from Bollywood in Malta. Malta has become ideal for foreigners to obtain residency in Malta. With great Mediterranean weather, welfare, proximity to Europe, short travel distances, and low crime it is an ideal place to live as a foreigner especially for business, leisure, retirement, or work purposes. Although Malta is just 316 square kilometers, it also offers all the luxuries which one expects in a modern country. About 1.6 million tourists visit Malta annually, which is about 4
times its population. Economically Malta is very strong in pharmaceuticals, aviation, shipping, logistics, banking, betting, and financial services. The GDP has been steadily around 4%-6% in the last 5 years and all areas of the economy have grown rapidly. In fact, more than 20% out of the workforce of 195,000 are foreigners. Malta will now be the first in the
EU to regulate ICO’s, cryptocurrencies, the setting up of cryptocurrencies exchanges, and service providers of Distributed Ledger Technology (DLT). Our office has specialized personnel in this area. KSi Malta is one of Malta’s leading taxation, legal advisory, and corporate firms. Its diverse team of dedicated professionals prides itself on its expertise, which further strengthens the firm’s competitive edge.
KSi Malta uses its ample experience in assisting local businesses to grow as well as in supporting international companies interested in establishing themselves and operating in Malta. Our firm makes use of all the business contacts it has in order to support clients’ business requirements. Furthermore, the firm guarantees the utmost commitment to all its clients, whilst offering an efficient and tailored service. The firm also assists international companies to raise venture capital. The amounts range from EUR 5 million to EUR 15 million. Companies must not be older than 7 years and must be already profitable. KSi Malta is a member of Morison KSi, a global association of leading professional service firms, established to meet the cross-border accounting, auditing, tax, and business consulting needs of clients. It consists of 161 member firms, is present in 85 countries, employs over 10,000 staff, and has a turnover of over $1 billion.
For more information on opportunities for Citizenship by investment and the Maltese passport scheme for Global Indians. Email [email protected]
“With its liberal trade policies and low tax regime, Malta has huge trade opportunities to offer India”
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