Malta

Malta, despite its small size (GDP of around 7.9 billion Euros), has been confirmed as one of the EU's most dynamic economies and one of the few countries of the Euro zone with a constant recorded growth over the last seven years . According to the latest estimates, the island continues to experience a very positive trend in the main macroeconomic indicators. According to the most recent data, for the seventh consecutive year the Maltese GDP has continued to grow, posting a +3.5% in 2014 (percentage significantly higher than the euro area average). The first half of 2015, the GDP amounted to 2,116 millions, an increase in real terms of 5.2% over the same period of 2014. According to European Union estimates, this trend will remain constant in 2015, and will continue to grow in 2016 with a 3.6% rate.

Malta, member of the EU, alongside the intense relationships with other EU Member States and its Mediterranean neighbors, looks increasingly to Asian emerging markets (especially China) and to the Gulf countries, with the aim of launching strategic partnerships and attract investments. In this context, Italy plays a leading role, being by far the country with which Malta has the most intense relationships, both in the political and economic, commercial and cultural sectors.

In general, the Maltese economic system constitutes the ideal environment for the development of PMI's and is oriented, for its strategic geographical location and scarce natural resources, to encourage foreign investment and to support the development of financial services, with a particular focus paid to the development of the financial sector and new technologies.

Malta is finally one of the few European countries to boast terms more advantageous in terms of taxation: tax rate for corporations and individuals is 35%, there are no withholding taxes, no property taxes or property tax and VAT Max (our tax) is 18%, with various tax breaks. One of the primary benefits of Malta's tax system is the clarity and uniformity of rules on corporate taxation, but also for private positive aspects are significant.


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