Malta recently updated its framework for taxation of highly qualified persons but this is just one example of many other refinements underway in the background which will help to ensure that this jurisdiction achieves its aim to become a centre of excellence.
The country has spent many years evolving before it got to its current stage. There is no doubt that the main attractions it offers are economic and political stability, an accessible regulator, and innovative legislation. However, there are other competitive advantages that are bringing more and more individuals and companies to Malta, with attention coming from the four corners of the world.
Thanks to a focussed approach by the private sector in tandem with government agencies and the regulator, Malta is now on the map for those seeking a safe ‘jurisdiction’, with the first consideration being the country’s varied options for residency or citizenship, backed by its need for robust taxation and regulatory frameworks.
