Malta has created the right economic
environment to meet the demands of the global market. It has strong
and long-standing links with Europe, North Africa and beyond and has
a liberal foreign investment policy.
Malta offers numerous
advantages to foreign investors wanting to set up shop on the
island, including:
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Member of the EU
-
Adoption of the
Euro in January 2008
-
Financial
Services 12% of GDP
-
Highest
percentage share of hi-tech imports and exports within the
EU
-
High inward
Foreign Direct Investment (FDI) performance and high inward
FDI potential (World Investment Report 2007)
-
AAA rating by
Moody’s
-
Established trade
links with Europe, North Africa and Middle East
-
Dedicated and
well educated workforce
-
High quality
educational facilities, easy to set up courses tailor made
for specific industries, able to quickly adapt to the needs
of industry
-
Close ties to
Europe as well as North Africa
-
Smart City Malta,
Second Dubai Internet City in the world
-
Hub for knowledge
based industries
-
Centre for
excellence
-
Multilingual
workforce
-
Modern developed
telecommunications system, wireless internet connections,
VOIP, WiMax, and 3.5G
-
Malta Freeport,
servicing 115 ports worldwide
-
International
Airport has direct flights to 37 major cities
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17 High quality
health care services.
Malta has a thriving industrial sector
with over 200 foreign and some 400 locally-owned manufacturing
companies. Products made in Malta are exported worldwide and
comprise semiconductors, electronic components and sub-assemblies,
pharmaceuticals and medicinals, rubber and plastics, fabricated
metal products and machinery, software, garments, food products and
others.
The flexible and highly-trained
multi-lingual workforce is Malta’s main asset and helps to ensure
the country’s competitive edge through high-quality production at
costs that are highly competitive relative to mainland Europe.
Malta offers a modern transportation
infrastructure, state of the art telecommunications networks, and
frequent air links to Europe, North Africa and Middle Eastern
destinations. Malta’s strategic location in the centre of the
Mediterranean as well as its excellent harbours and Freeport make it
an excellent manufacturing location.
The Business Promotion Act (BPA) which
succeeded the Industrial Development Act in attracting foreign
investment and encouraging foreigners to do business in Malta.
It which has been in force
since 2001, introduces greater scope and flexibility to the
incentives available for the promotion of business, and covers a
much wider range of qualifying sectors and activities than before.
The BPA provides incentives for those
industries demonstrating growth and employment potential that are
engaged in manufacture (including software development), repair,
improvement and maintenance activities.
The Business Promotion Regulations,
issued in terms of the Business Promotion Act, provide attractive
fiscal incentives for companies engaged in particular manufacturing
and qualifying activities.
The incentives available under the
Business Promotion Act may be subdivided under two headings namely,
tax related incentives and non-fiscal related incentives for doing
business in Malta.
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