Malta has a rapidly growing financial services sector which rivals some of the most established economies in the world and is an extremely attractive place to do business. Forbes has described Malta as one of the most business friendly countries in the world.
Malta offers huge incentives to the business community, including those based offshore or overseas as taxation for businesses is one of the most generous in Europe. Corporate tax is set at a rate of 35% but this can usually be reduced to a rate of 5% or in some situations even lower. This is down to an efficient tax refund system where the repayment of a tax refund by the Maltese tax authorities will usually only take on average 14 working days. Because of this the shareholders of a company are assured that their dividend income will be doubly taxed in their hands.