MALTA ranks 2nd in 2016 TOP EXPATS DESTINATIONS
Where would you receive the warmest welcome? Earn the most? Find it easiest to raise a family? We asked more than 14,000 expats in 191 countries to find the answers.
After the 3rd place in 2015, MALTA ranks 2nd and Maltaway is your 1st choice to advise and support you for any relocations needs for Corporations, Families, Executives, Pensioners, HNWIs and professionals, from Corporate Services to Residence Permits and from Real Estate to Education
Curious to see how your expat experience measures up?For the third year in a row, Expat Insider — one of the largest expat surveys worldwide — offers an in-depth analysis of everyday expat life across the globe. It covers a wide range of topics, from basic facts about demographic data and the moving process to participants’ happiness in their new home.
MALTA 2nd place, Newcomer Taiwan has dethroned the winner of 2014 and 2015, Ecuador. The Asian Tiger performs extremely well in the Working Abroad and Personal Finance Indices, but also scores for other factors, like healthcare.
For the country ranking, survey participants were asked to rate 43 different aspects of life abroad on a scale of one to seven. The rating process emphasized the respondents’ personal satisfaction with these aspects and considered both emotional topics such as the friendliness of the local population as well as more factual aspects (e.g. affordability of healthcare) with equal weight.
The respondents’ ratings of the individual factors were then bundled in various combinations for a total of 16 subcategories, and their mean values used to draw up five topical indices. These five indices, as well as the responses to the question: “how satisfied are you with life abroad in general?”, were then averaged in order to rank the 67 countries above.
Top 10 countries for foreigners
5. New Zealand
6. Costa Rica
10. Czech Republic
Bottom 10 countries for foreigners
63. Saudi Arabia
Compare Malta and Italy from a foreigner point of view, and make your consideration about the investments’ flow and ask Maltaway … what can I do ?
MALTA your new SWITZERLAND, your Northern Europe but in the middle of the Mediterranean Sea, inspired by Island City-State Model of SINGAPORE
Apart from the desire to be here in Malta now , that this picture arouses , answer these questions :
How do you see the future of Italy , of a person or entrepreneur , honest , not parasitic , competent , creative , motivated to grow and create ?
Which country offers a quality of life , gorgeous weather 12 months a year , cost effectiveness , frequent connections and low cost flights (max of 2 hours from your city) , a stable country system of rules and tax, very competitive in the global arena and in Europe as well?
Where you can find an open large international community and a Regulations’ model designed to attract great people , companies , ideas and capital, able to grow together in a multi-cultural country ?
We, after a long and in-depth comparison of experience and analysis, we have the answer !
CENTER OF MED SEA
Which country offers exceptional quality of life, gorgeous weather 12 months a year, low cost of living, frequent and low cost flights to a maximum of 3 hours from your EU city, a system of rules and competitive tax around the world ?
NEW COUNTRY LEADERSHIP
MALTA is your new SWISS and your Northern Europe but in the middle of the Mediterranean, stable and secure, inspired by the model of the City – State of the Island SINGAPORE
INCOME, CAPITAL, WEALTH TAX
Zero inheritance tax, ZERO capital & wealth tax, ZERO capital gain tax, ZERO real estate tax, 5% corporate tax
MALTA, EUROPE, COMMONWEALTH, WORLD
Where you can find an open international community, with country regulations shaped to encourage and to attract people, companies, ideas and capital ? These are the rare and valuable resources from the world that MALTA needs to grow together
MALTA FINTECH HUB
Malta FinTech, a true hub of Finance and Technology from eGaming and eCommerce to eFinance and eBanking, valuable solutions, services and support for the Consumer and Corporate world
TOP REASONS TO INVEST IN MALTA
Malta is strategically located at the heart of the Mediterranean with very close ties to mainland Europe, North Africa and the Middle East. The island is considered the best choice for investments in knowledge based sectors and high end manufacturing. Due to its excellent port infrastructure, Malta is also considered an ideal logistical hub. This, together with EU membership, makes the country a perfect gateway to the Euro-Mediterranean region and further.
Flights duration to main business hubs
Malta has undergone an incredible transformation in the few decades since independence was gained in 1964. Four decades later, with a fully functioning open market economy, joining the EU in 2004 was seen as a natural step towards securing the economic future of the country. The adoption of the Euro in 2008 ensured that the economy would not be vulnerable to currency fluctuations and would allow the nation to be more competitive.
Progress and flexibility are key factors in the success of Malta’s ability to react quickly to international trends and the global market place. Our pro-business government continually seeks to strengthen Malta’s attractiveness as an open market economy. The exogenous shocks of the global recession inevitably had an impact on the local economy. However, it should be noted that Malta was one of the last countries within the European Union to enter the recession and it was also one of the first countries to rebound from the economic downturn. In essence Malta showed great resilience and emerged in a strong position.
The country’s national language is Maltese but both the latter and English are official languages in Malta. This certainly adds to the destination’s appeal for visitors, traders and investors. Practically all Maltese are bilingual and many are also conversant in Italian. Some may also have at least a working knowledge of French or German. Foreign language fluency as a percentage of the population is as follows: English 88%, Italian 66%, French 17% and German 6%.
The success of a business is not achieved by financing or technology but is ultimately determined by people power. The labour force in Malta is a very productive one, highly educated and extremely flexible with an excellent work ethic. Our people are our greatest natural resource and the country has good availability of professional, managerial and technical staff as well as a ready supply of top graduates most of whom are technology-experienced. The link between education and industry is vital for our competitiveness. Education and HR-related strengths top the criteria for choosing Malta as an investment destination.
INTERNATIONAL FINANCE CENTRE
Malta is now an internationally recognised financial services hub. However, due to the sector’s traditional and conservative approach it never experienced a real financial crisis. Indeed, the strength of the financial services sector was a critical contributing factor to the speedy emergence of Malta’s economy from the recession. In fact, the reputation of the Maltese financial services sector improved considerably due to the resilience and stability it showed during the financial crisis. This did not go unobserved in the global scenario and the impeccable reputation of the local financial services is expected to fuel further growth in this sector.
EXCELLENT ICT INFRASTRUCTURE
It has always been considered strategically important to the country’s human and economic advancement to be well connected with the rest of the world. As such there has been a great deal of investment and consolidation in order to create and ensure a reliable Information Communication Technology (ICT) infrastructure.
Malta’s fully liberalised and developed ICT infrastructure has certainly contributed to the island fast becoming a regional centre of excellence in ICT and financial services.
LOW CORPORATION TAX
A long-standing, full imputation tax system has existed in Malta since 1948. The rate for corporate taxation in Malta stands at 35%; however upon distribution of dividends, shareholders may qualify for a refund generally equivalent to 6/7th of the tax paid, thus resulting in a paid tax rate of 5%.
SAFE AND PLEASANT LIFESTYLE
There are many reasons why investing in Malta makes good business sense but it is not enough for the figures to add up and the stars to be aligned. In this day and age – where time, health, safety and true quality of life are precious commodities – Malta scores highly on all these aspects. Travelling distances are minimal, the healthcare facilities, which rank among the best in Europe, are first-class in both public and private hospitals and the crime rate is very low. However, the biggest selling point of the island nation is undoubtedly the lifestyle that investors and their families enjoy in the country. Indeed, those thinking of investing in Malta are highly recommended to visit the nation to explore and experience for themselves the wealth of history, culture, hospitality, bars and restaurants. That way they can also get a real taste of the flavoursome Maltese and Mediterranean cuisine that the country offers.