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Unlocking Opportunities: The Benefits of Opening a Company and Bank Account in Malta for Non-Residents

Picture of Racifo Acosta By   ·  2 minute read

Malta, a picturesque island nestled in the heart of the Mediterranean, has garnered attention as a business-friendly destination for non-residents looking to establish a company and open a bank account. Let's explore the compelling benefits that Malta offers to non-resident entrepreneurs and investors.

  1. Strategic Location: Malta's strategic location between Europe, Africa, and the Middle East makes it an ideal gateway for non-residents seeking to access global markets. Its proximity to major shipping routes and air connections facilitates international trade and business transactions.

  2. Business-Friendly Environment: Malta is renowned for its business-friendly policies, including a competitive corporate tax rate of 35% (effective tax rate can be reduced to as low as 5% through various tax incentives and credits), no withholding taxes on dividends for non-residents, and a robust legal framework that supports foreign investment.

  3. Non-Resident Company Formation: Non-residents can easily establish a company in Malta, thanks to simplified procedures and the availability of corporate service providers who assist with company registration, compliance, and ongoing administration.

  4. EU Membership: As a member of the European Union (EU), Malta offers non-resident companies access to the EU single market, enabling them to benefit from the free movement of goods, services, capital, and people within the EU.

  5. Banking and Financial Services: Non-residents can open a bank account in Malta with relative ease, gaining access to a well-regulated banking system, a wide range of financial services, and investment opportunities. Maltese banks are known for their stability, security, and efficiency in handling international transactions.

  6. English-Speaking Environment: English is widely spoken in Malta, making it convenient for non-residents to conduct business, communicate with banking institutions, and navigate legal and regulatory processes without language barriers.

  7. Tax Efficiency: Non-resident companies in Malta can benefit from tax-efficient structures, including access to double taxation treaties, tax credits, and exemptions, helping them optimize their tax liabilities and maximize profitability.

  8. Skilled Workforce: Malta boasts a highly skilled and multilingual workforce, with expertise in sectors such as finance, IT, gaming, maritime, and hospitality. Non-resident companies can tap into this talent pool to support their business operations and growth strategies.

  9. Quality of Life: Malta offers a high quality of life for non-residents, with a Mediterranean climate, stunning natural beauty, rich cultural heritage, modern infrastructure, and a safe and welcoming environment.

In conclusion, opening a company and bank account in Malta as a non-resident presents a host of advantages, from its strategic location and business-friendly environment to EU membership, banking services, tax efficiency, skilled workforce, and quality of life. For non-resident entrepreneurs and investors seeking a favorable business destination in Europe, Malta stands out as an attractive and accessible option.