Rather than circling the British Isles with the air of a predator waiting for imminent weakness, Malta has been showing its support and opportunities to financial investors and business as a potential domicile that offers a complete regulatory and legal structure, and the convenience of English being an official language.
We know that the methods of business and trading in the UK are about to change, so strategies are being put in place and all considerations are being made. Even if business are not wishing to make a complete removal from the UK, having a foothold in another jurisdiction makes moving through bureaucratic red tape as easy as cutting through butter with a warm knife!
Although Malta is relatively new to the global financial services arena, the defining and redeeming qualities that the little Mediterranean island offer to the international forum are ensuring that Malta is seen as a strong contender to compete with the likes of Ireland and Luxembourg. More importantly, Malta holds a stable political and economic platform, and organisations such as Finance Malta are providing profile-raising plans for the financial development of the investment areas that offer and support start-ups and existing businesses for both EU and non-EU individuals and companies.
Finance Malta are aiming to increase global trade, adding to the existing links with Turkey and China. According to Kenneth Farrugia, Finance Malta – Chairman, “the financial services sector in Malta is doing well, directly contributes eight per cent GDP, employs 10,000 people, is a jurisdiction for 68 banking and financial institutions, has 58 international insurance operators with a combined gross premiums written of €3.78 billion and has an asset management sector worth €109 billion.”
A way of aiding the route for non-EU members is through accessing passporting rights. As Malta is only one of two commonwealth countries that hold EU membership, Malta is the ideal place to establish ties and make applications for EU citizenship.
Here at Abacus, we can offer a full Citizenship and Residency service, offering multiple options from the full investor programme resulting in obtaining a Maltese passport to obtaining a visa for tax residency status.
For further information regarding either citizenship or residency, in the first instance, email us at firstname.lastname@example.org or call on +44 1624 689600.