Property Type All Types Apartment Bungalow Farmhouse House of Character Maisonette Penthouse Terraced House Town House Villa Currency Euro Maltese Lira US Dollar UK Sterling Swiss Franc Location All Locations Central Malta East Malta Gozo Italy North Malta South Malta West Malta From Price 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 240,000 280,000 320,000 360,000 400,000 440,000 480,000 520,000 560,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 1,200,000 1,300,000 1,400,000 1,500,000 1,600,000 1,700,000 1,800,000 2,000,000 4,000,000 20,000,000 To Price 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 240,000 280,000 320,000 360,000 400,000 440,000 480,000 520,000 560,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 1,200,000 1,300,000 1,400,000 1,500,000 1,600,000 1,700,000 1,800,000 2,000,000 4,000,000 20,000,000 GO Home > Properties > Developments > Info Centre > My Account > About Malta v > Introduction > More Information > Why Malta > Interactive Map > Companies & Trusts Tuscany > Homes of Quality > Contact Us > Login / Register > Site Map > Companies and Trusts Trust Registration International Trading Companies International Holding Activities Ship Registration in Malta Employment Licenses Malta Enterprises Trust Registration Although Malta is a civil law jurisdiction, it has enacted legislation to provide for the creation of both private and public or charitable trusts. Malta’s Trust Law is based on the Jersey law on trusts. The Act defines the registration formalities to be carried out, the position of the settlor, the rights of the beneficiaries and the powers and duties of trustees. Various benefits apply to Malta registered trusts. A new Trust Act is due to be enacted in the coming months. International Trading Companies A Maltese company that limits its activities to trading activities outside Malta with non-Maltese residents can acquire the status of an International Trading Company (ITC). ITC’s can defer the payment of their tax liability for up to eighteen months and their non-resident shareholders are entitled to tax refunds that can reduce the effective tax suffered by them to as little as 4.17%. International Holding Activities A company may be registered in Malta for the purpose of having a “participating holding" in a foreign registered company. Non-resident shareholders of such companies qualify for a full refund of the Malta tax paid by the company on profits and gains arising from "participating holdings" when such profits are distributed. Ship Registration in Malta All types of vessels - from pleasure yachts to cruise liners, to container ships, to oil tankers, to oil rigs - may be registered under the Malta flag provided they are wholly owned by Maltese citizens, by Maltese companies, or by bodies corporate/entities established outside Malta which appoint a resident agent. Maltese law also provides for bareboat charter registration of foreign ships under the Malta flag as well as for bareboat registration of Maltese ships under a foreign flag. Employment Licenses in Malta Employment Licences Foreign nationals including citizens of the member states of the EU require a permit to work in Malta. EU Nationals Albeit nationals of the European Union require a permit to be employed in Malta. This is normally granted automatically unless the Government of Malta sees that the granting of the permit is against public policy, public security or public health. The prospective employer applies for the permit known as the Employment Licence. Non-EU National Non-EU nationals also require a permit which is applied for by the prospective employer. This is normally granted unless apart from the reasons quoted above, there is supply on the local labour market for the post that the foreign national would eventually be occupying. Applications for employment licences are to be accompanied by the following documentation: A detailed curriculum vitae including any testimonials Three passport-sized photographs A processing fee There are some incentives under various laws in connection with expatriates working in Malta. The incentives range from lower maximum tax rates granted to expatriates working for qualifying companies under the Business Promotion Act, to specific exemptions to expatriates working in investment services or insurance, as well as to persons who hold indefinite permits, or are nominated by persons who hold 40% shareholding in a qualifying company under the Business Promotion Act. EU nationals that are self-employed persons do not need a permit to exercise their trade or business other than the permits related to the nature of the trade or business. Malta Enterprise Malta Enterprise is the focal point for enterprise in Malta. Its role is to act as a single point of contact for all enterprise considering trade, investment or commercial links with Malta. The organization is committed to creating the right environment for successful enterprise in Malta. It provides a range of practical services and solutions to Maltese enterprises seeking to internationalise their operations and to international companies seeking to trade with or invest in Malta. Malta Enterprise provides a comprehensive package of assistance and advisory services to international companies and investors wishing to set up manufacturing, R&D, international trading, regional representation and other operations in Malta. Malta Enterprise is dedicated to finding solutions to the particular business needs of international companies and does so by delivering a range of tailor-made services which include professional pre-investment advice and support, start-up assistance as well as a suite of post-investment services and aftercare facilities. Malta Enterprise also offers a range of trade promotion services aimed at introducing foreign companies to suitable manufacturers, service providers, suppliers and potential strategic partners in Malta. http://www.maltaenterprise.com International business in Malta Malta's manufacturing industry The Workforce Education and training An Ideal Location Infranstructure and transport The Incentives A familiar business environment International business in Malta Situated at the centre of the Mediterranean, Malta has a long tradition of international business that goes back as far as the Phoenicians in the first millennium BC. The Carthaginians, Romans, Arabs, Knights of St John and others, along with the French and British all realised the economic potential of the Maltese Islands. For close to two centuries, Malta was the Royal Navy’s Mediterranean home-port. This laid the foundations for the island’s subsequent industrial development. This solid background has led to today’s favourable industrial climate that together with its pro-business environment makes Malta an ideal location for foreign direct investment. Today there are well over 200 foreign-owned manufacturing companies operating in Malta. Economic stability, healthy industrial relations and competitive labour costs have been the pillars sustaining the success stories of many a foreign company for the last 40 years. Malta's manufacturing industry For decades Malta has welcomed many companies from a wide range of sectors. There are companies involved in electronics production, medical equipment, software, plastics, automotive components, tool making, aviation-related services and maintenance, upmarket textiles and furniture products, chemicals, pharmaceuticals and food. These companies have found that Malta offers definite advantages in terms of quality, rapid product turnover, short but specialised production runs, product development, sales and marketing. Furthermore, a number of bi-lateral and multi-lateral tax treaties and agreements ensure favourable export conditions to Europe, the United States, Japan, North Africa and the Middle East. The workforce With a population of 378,000, Malta’s most valuable assets are its people. The Maltese are enterprising, hard working and proud of it. They accept the need for flexibility and have an exemplary work ethic. World famous names based in Malta like Baxter, Dowty Automotive, STMicroelectronics, De La Rue, Methode and others find the quality and productivity of our workforce excellent. A number of Maltese subsidiary companies have received international awards for quality and efficiency. Education and training Standards of education are high with English being the language of instruction for most subjects at all levels of the education system. As already stated, English is an official language and many Maltese are also fluent in Italian. Furthermore many take up French and German. Malta can boast of having the oldest University in the Commonwealth outside Britain providing education for more than 7,000 students in all the major disciplines. The vocational and technical education systems offer courses in applied electronics, design, IT and others. These complement the academic set-up and are attuned to industry’s requirements. The Employment and Training Corporation (ETC) provides various training schemes to meet the needs of both employers and apprentices, thus matching demand and supply in the labour market. An Ideal Location Malta offers easy access to global markets. Its developed infrastructure and excellent air and sea connections, combined with a location at the crossroads of the Mediterranean Sea make Malta an ideal base from which to penetrate markets in Southern Europe, North Africa and beyond. The island’s physical location, in the centre of the Mediterranean is also ideal. Air and sea passenger and freight connections are excellent. London is three hours by air, Rome is just over an hour. The Central European time zone facilitates business dealings with European and North American clients. Infrastructure and transport Malta offers easy access to global markets. Its developed infrastructure and excellent air and sea connections, combined with a location at the crossroads of the Mediterranean Sea make Malta an ideal base from which to penetrate markets in Southern Europe, North Africa and beyond. The island’s physical location, in the centre of the Mediterranean is also ideal. Air and sea passenger and freight connections are excellent. London is three hours by air, Rome is just over an hour. The Central European time zone facilitates business dealings with European and North American clients. The Incentives Reduced rates of income tax Investment tax credits Soft-loans Interest Rate Subsidies Loan guarantees Training assistance Incentives for job-creation Ready-built factories at very reasonable rates Value Added Incentive Scheme Investment Allowance Tax Treaties A familiar business environment Malta gained its independence from Britain in 1964 and became a Republic ten years later. Malta became a full member of the EU on the 1st May 2004. Malta is a member of the WTO and intellectual property enjoys full protection. Malta provides a healthy business environment and company law, education, accountancy and legal systems have evolved from both the British and European Union models. There are no restrictions on the repatriation of profits and all available incentives are clearly stated, guaranteed and integrated into one legal text. Since 1971, Malta has benefited from an Association Agreement with the European Union. This arrangement enables industrial products manufactured in Malta to enter the EU exempt from payment of customs duty or from any quota restrictions. Homes of Quality, 201, Tower Road, Sliema SLM1602, Malta Tel: 00356 2342 0000 Fax: 00356 2137 4166 email: info@homesofquality.com.mt