Investing
A HEALTHY ENVIRONMENT
LABOUR FORCE
COMMUNICATIONS AND INFRASTRUCTURE
INCENTIVES
It is a historical fact that due to its position in the centre of the Mediterranean, Malta has always had strong commercial ties with a large number of countries. It offered its services to foreign military and naval bases, which in turn led to its development into a healthy commercial centre during and after the First World War. Following Independence from Great Britain in 1964 and the rundown in military bases, Malta now wants to embark in peace on the road of economic development.
In this context one has to consider successes in commerce, tourism and manufacture, the development of the Islands as an international maritime and offshore centre and the numerous projects including the upgrade of the general infrastructure, the telecommunication systems and the Malta Freeport.
Malta offers a healthy environment for investment. The Maltese political scene is stable and the safeguarding of the Constitution and the democratic principles of the Nation are the concern of all the political parties - all of which are committed to neutrality, which is provided for in the Constitution, and all are in favour of an increased involvement of foreign investors in our country.
The Maltese legal system is well defined and the Maltese Courts are totally independent.
Malta is not a member of the European Community (even though it has applied formally for Membership). Yet, with its Agreement of Association, Malta may export its products of Member States without any quota or other restrictions.
Malta possess a world renowned and flexible work-force with a vast experience in services and manufacturing - both locally and abroad. The number of lost man-hours pre year due to trade union despots and sickness are among the lowest in Europe.
Education is based on the British system, yet its results a re of a much higher standard. THE University of Malta is, in fact, the oldest of the Commonwealth and offers a very healthy supply of highly qualified specialists to all sectors of industry. The Maltese have an added advantage of being fluent in English and Italian, with Arabic, French and German being widely spoken.
COMMUNICATIONS AND INFRASTRUCTURE
Malta offers excellent air and sea connections with Europe and North Africa. The postal service is amongst the best in Europe. Government has embarked in the last years in a programme of upgrading the whole communications setup. In, fact all telephones lines in Malta have been upgraded to a digital system.
Government has also invested heavily in the construction of a new power generation station and in the production of potable water.
In 1992, a new state-of-the-art air terminal was inaugurated bringing Malta's airport to the forefront in Europe. Similarly, Malta boasts one of the largest and best equipped yacht marinas in Europe and the number of vessels flying the Maltese flag has shown a substantial increase in a very short span of time.
Malta offers a wide range of incentives to foreign investors.
Malta has one of the most advanced offshore and maritime setups available. In itself, this justifies choosing Malta as a base for international operations.
Similarly, materials and products used in manufacture may be imported into Malta without any customs duty being paid, provided they are re-exported. Should substantial assembling or processing be required, any Value Added will require only a Certificate of Origin for re-export from the relevant authorities. Moreover, transhipment facilitates are also available.
Tax holidays, offshore facilities, relief of double taxation and subsidised leaseholds for industry are but a small number of the other options available. The packages offered differ from sector to sector, each sector being offered a tailor-made option.
In fact, Malta offers ample legislative provisions for the incentive of foreign investment to Malta and Government organisations are always prepared to discuss any request.
Should you require any further details, we at Grands will be able to assist you in your specific requirements and to guide you to the appropriate government and private organisation.