Malta at a glance – November 2021

These emails are designed for those investing into Malta and those who have plans to do so. We aim to keep the points short and sweet, and to merely list snippets of relevant but easy to read information.

November 2021

  1. Great Britain formally acquired possession of Malta in 1814. The island staunchly supported Great Britain throughout both world wars and remains a member of the Commonwealth despite independence in 1964.
  2. It is believed that Homer’s Calypso is a reference to the island of Gozo, the smaller of the two inhabited islands in the Maltese archipelago.
  3. Malta applies a ‘check-the-box’ type regime in the classification of both domestic and foreign partnerships. This regime does not apply to companies.
  4. Malta does not apply VAT on food or pharmaceutical products.
  5. Malta has a thriving online gaming industry which represents approximately 13% of the island’s Gross Domestic Product.
  6. Malta has attracted big budget movies with major blockbusters production shooting on various locations around the islands such as Gladiator, Count of Monte Cristo, Munich, World War Z & Game of Thrones, amongst many others.
  7. Malta has one of the largest shipping registries in the world.
  8. Malta has three out of the five oldest free-standing temples in the world. Current estimates place them around 4,000BC, but they may well be older. Furthermore, with over 160 remains of prehistoric temples scattered across the Maltese countryside, Malta is often linked to the lost city of Atlantis.
  9. Malta is known for its architecture and Valletta, the first grid-planned city in Europe.
  10. Malta is located roughly in the middle of the Mediterranean, about halfway between Italy (Sicily) and the North African coast.

This message is not given in the form of an opinion, legal opinion or tax advice. If any of the information provided is of interest or relevance to you or your company we would strongly recommend you contact us or another qualified professional for specific advice. 

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