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| The advantages of setting up a company in Malta |
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» The advantages of setting up a company in Malta are the following :
- Very few formalities, and can be accomplished in 48 hours or less
- Several tax-levels that normally leave a maximum residual tax payment of only 4% on profits
- No VAT declaration required
- Tax-exempt invoicing outside of Malta
- No new declaration required if the company changes its business objectives
- No with-holding tax applicable for company officers who live outside of Malta
- Malta will enter into the EU in 2004
- The perfect portal for businessmen wishing to do business in Libya
» Malta offers the same advantages as Madeira-based companies and US and can therefore be used as a holding company to good effect.
The local currency (£M) is extremely solid and banking facilities are excellent. The cost of incorporating a Malta company starts at 5,000€
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