Malta: An ideal setting for Libyans seeking to relocate their business
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Malta’s strategic geographical position has made it a hub for international trade, businesses, manufacturing, and services.
This is especially valid to Libyan nationals who have decided to base their business in Malta and investing in property here in order to enjoy the tax benefits offered by the Maltese Government. The vicinity of Malta and Libya, connected via frequent flights, makes the island an ideal setting for Libyans to run their business.
Whether you need to incorporate a company or require tax advice, business consultancy, financial work, opening bank accounts and more, at Accounting Services, you will benefit from a personal and professional service in order to help you reach your goals and ultimately increase the growth of your business.
As a member of the European Union, Malta is also an ideal location for companies seeking to do business with EU markets. In addition, through continued work and advocacy, Malta has gained an important and weighty presence within the international business community through friendly relationships with worldwide countries representing the major investment markets.
The Maltese archipelago lies strategically between Europe and Africa, making the island a meeting point in the Mediterranean Sea, an ideal location to access the North African, Middle Eastern and European markets. With a mix of cultures, two official languages: Maltese and English, with the latter as the official language of legislation and business, and a European time-zone location; all of these give Malta additional advantages and render it capable of offering a highly educated, professionally trained, and multilingual workforce, a strong back office and a competitive business environment.
The local economy experienced a shift throughout the years, moving towards a more service-oriented industry such as the corporate and financial services, the ICT sector and tourism services, which together have become the backbone of the economy of Malta.
Locally, the Malta Financial Services Authority (MFSA) is a strong, controlled, yet flexible regulatory body that is responsible for all the licensed services activity. The financial services sector incorporates all financial activity including that of credit institutions, financial and electronic money institutions, securities and investment services companies, regulated markets, insurance companies, pension schemes and trustees.
The MFSA also manages the Registry of Companies and has also been appointed as the Listing Authority. Malta is a jurisdiction that complies with and helps develop international best practice and is actively involved with the OECD, the EU and the Commonwealth in modelling global regulatory policy. The MFSA is a member of the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA).
Through all this, Malta has strengthened its position to become a leader in the region, thus making it ideal for Libyan nationals to relocate in Malta. Accounting Services can help you by offering the following services:
- Company incorporation
- Administration and back office services
- Domiciliation and registered address
- Business advisory services
- Management of a Malta company
- Secretarial services in Malta company
- Book-keeping, accounting, and payroll
- Tax consultancy and planning
- Liquidations and insolvency
- Residence permits
- Work permits