Friday, May 06, 2016
Malta is a cosmopolitan location offering a safe, stable and attractive business environment. The island is conveniently located in the middle of the Mediterranean, is a member of the European Union and the Eurozone, and is part of the Schengen Agreement. These factors offer protection to businesses and individuals, allowing people who are EU members to move freely and for European transactions to be made in an easier and cheaper manner.
Malta offers low setup and operating costs coupled with attractive investment incentives. It has bilateral investment agreements with over 15 countries, double tax treaties with most major countries and reduced rates of income tax among others. The island has a lot to offer, including a sound legal, regulatory, accounting and banking system, and a highly-developed ICT infrastructure and financial services centre creating the right environment for foreign companies to relocate.
There are several large industries operating on the island. One of the key ones is the iGaming sector, the industry is thriving with the number of licensees continuing to grow year-on-year. As a result, Malta has become recognised as one of the leading remote gaming jurisdictions in the world, with a developed regulatory environment and infrastructure that fully supports this industry.