Setting Up a Company in Malta
With its attractive climate, wide use of the English language and EU membership, lots of companies look at setting up their business in Malta. In addition to foreign companies looking at making Malta their base, there are obviously countless companies with Maltese owners based on the island too.
Setting up a company in Malta is relatively straightforward, and company formation is regulated by the Malta Financial Services Authority (MFSA) and forming a company can take as little as 48 hours.
July 14th, 2010 by Hilary | No Comments »
Renting property in Malta is popular – particularly amongst foreigners who live on our small island, and for people who don’t want to be encumbered with a mortgage for many years. Renting your accommodation also gives you a degree of freedom of movement with leases typically being for 1 year – renewable annually.
Malta is home to over 365 chapels and churches – one for every day of the year. Some of these are recent, but the majority are at least two-hundred years old. Places of worship range from small wayside chapels, to lavish parish churches and ornate cathedrals, such as those in Valletta and Mdina. Some of these churches and chapels are very old, with several contenders for the accolade of the oldest church or chapel in Malta. The older ones often have graffiti scrawled on the outer walls, a legacy left behind from the times of the Knights, and often images of galleys were carved into the soft globigerina limestone from which many Maltese buildings are made.
The Corinthia Palace in Attard is one of Malta’s most luxurious hotels. Situated right in the centre of the island, this five-star hotel is owned by The Corinthia Hotel Group, and is opposite the Presidential Palace and San Anton gardens.
Property in Malta is considered to be a good investment; even with the global recession, prices haven’t dropped significantly and have now almost stabilised. The Malta real estate boom started in the 1960’s, with large scale development and the building of newer towns such as Santa Lucija in the vicinity of Paola and Tarxien in the south of the island. With the island being small, one of the smallest countries in Europe bar the Vatican and Monaco, land is at a premium and properties have significantly increased in value over recent years. Malta’s population density is one of the highest in the world.
