At the end of 2017, the prestigious Forbes magazine issued the Best Countries for Business 2018 list in which Malta ranked 38th out of 153 in the overall business friendliness ranking. The survey takes into account independent indicators, but also other reports such as those of the World Bank’s Doing Business Report and the World Economic Forum’s Global Competitiveness report. Malta offers a very friendly legislation related to foreign investors which can be explained by our local lawyers.
The Best Countries for Business 2018 report is one of the most appreciated survey by foreign investors interested in doing business in a certain country and Malta’s ranking will definitely cast a good light over the investment possibilities it offers.
Based on the assessment under all 15 indicators, Malta ranked 38th out all 153 countries surveyed by the magazine. This position is very important if we consider that Malta is the smallest economy in the European Union and it stands next to much larger economies such as the United Kingdom, the Netherlands and Sweden, all ranking in top position in the report.
If you want to start a business in this country and need assistance, our Maltese lawyers can guide you through the company registration process.
Malta had one of the highest economic growths in Europe last year – 5.5% – which was of the main reasons for the country to improve its ranking. The best scores registered by Malta were the 1st position in terms of personal freedom, the 17th place in terms of trade freedom, the 22nd rank in terms of technology and the 29th position in terms of property rights. Malta also ranked 35th in monetary freedom and 38th in innovation.
The same report appreciates that Malta has significantly reduced the red tape related to the company registration procedure, however minor setbacks were registered in relation to the tax burden applied to the population.
Foreign investors interested in opening companies here can receive assistance from our law firm in Malta. Please contact us if you need information on the legislation related to setting up a business.
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