Why is Malta immigration suitable for business owners?
Q: Is Malta suitable for entrepreneurship? How is the domestic economy?
Answer: Despite Malta's small land area, it is also one of the developed countries! Due to Malta being an island country located in the central Mediterranean region, its economic system relies heavily on imports, providing ample opportunities for Chinese companies aspiring to enter the EU market. If you choose to start a business in Malta, it is also good, as the development prospects and tax policies are very attractive.
Firstly, Malta is one of the only "four in one" countries in the world, enjoying preferential policies under various trading systems. Malta has signed Double Taxation Avoidance Agreements with 76 countries and regions.
Secondly, according to the Maltese Enterprise Law, the tax rate for Maltese enterprises is as low as 5%, and nationals who do not settle in Malta do not need to pay tax on their overseas assets.
Q: With permanent residency in Malta, is it possible to travel freely to Europe?
Answer: Those who have had experience with a European visa know that tourist visas have restrictions on their validity and duration of stay, which is inconvenient for many people who have to travel between European countries for a long time. So immigrating to Malta to obtain status not only eliminates the need for a visa, but also allows for free entry and exit from 26 countries. It is very helpful for conducting business and expanding business!
Q: Why is Malta called the "Switzerland of Southern Europe"?
Answer: Malta has a world-renowned banking system. In the 2013-2014 Global Economic Forum's selection of a sound banking system, Malta ranked 14th out of 148 countries; Hedge funds rank first in Europe. Moreover, Malta has many internationally renowned banks, such as Valletta Bank, BAWAG, CommonwealthBank, Deutsche Bank, IIG Bank, Türkiye AKBANK and Türkiye Guarantee Bank, which are known to Europeans, also have branches in Malta.
And in March 2018, the headquarters of Coin Security also relocated to Malta, which has always been friendly to cryptocurrency business and investors.
Q: How can I apply for a job after successfully immigrating to Malta? What benefits can I enjoy?
Answer: After obtaining residence status in Malta, foreign applicants can apply for a work permit and, upon approval, stay and work locally in Malta.
Applicants can enjoy the following benefits through personal income tax and Malta social security paid through their work:
1. Children enjoy free public education in Malta;
2. Employees and their children enjoy free public healthcare in Malta;
3. Employers can receive benefits such as retirement pension, injury and illness pension, widow/widower pension, and unemployment allowance depending on the situation.
Q: Can Malta's application be approved and additional affiliated applicants be added?
Answer: Yes. As long as the affiliated applicant meets the direct relatives of the main applicant within 4 generations, there are currently two main situations for adding affiliated applicants to the Malta immigration program:
1. Newborn babies and newly adopted children, i.e. children born or adopted after approval, can obtain permanent residency status by paying a 5000 euro application fee