Malta Classified As 5th Most Tax Friendly Country For Companies And The Most Attractive In The EU (2008). EU And IMF Commend Malta's Recent Economic And Structural Reforms.

The 2008 Forbes Tax Misery and Reform Index which measures the amount of increased “misery” or “reform” towards company tax friendliness indicates that Malta is the most attractive country in the EU in terms of taxes and social security contributions paid out by companies.

The country's “misery” index was just 63 which compares well with Cyprus ( 71.3) and Luxembourg (107.2).

Malta's entry into the euro zone in 2008 has strengthened further its appeal to international investors and secured ever greater economic stability. Malta has been commended by the EU and IMF for its consistent and prudent economic and structural reforms in recent years with its GDP growth stable.

Malta has attracted significant investment in the financial sector and taken with the related and support services accounts for some 12% of GDP which is predicted to double its contribution over the coming decade.

The islands give international firms an excellent services and communications infrastructure and offers the benefits of an exemplary regulatory environment plus a network of double taxation agreements

In August of this year, Malta signed a double taxation agreement with the US that is currently awaiting ratification by the Senate. The agreement is widely expected to facilitate growth in bilateral trade and services (particularly financial services). Malta now has double taxation agreement with some 50 countries.

Malta is an EU country with a stable Government, good tax system, excellent infrastructure, a skilled workforce of English speaking locals, an enviable quality of life and a clement Mediterranean climate.

The archipelago, comprising Malta, Gozo and the virtually uninhabited island Comino, has always been much loved by the British and in recent years this has increased substantially due to increased tourism, cheaper flights and the re-emergence of Libya on the business radars of multinationals, placing Malta in an enviable location in the Mediterranean. There is a flat income tax rate of 15% on remittance by permanent residents and no council taxes. In addition property prices have made steady increases in value year on year.

“There are currently excellent opportunities to invest in Malta”, says James Vassallo, Senior Manager at Tigne Point Marketing who are promoting the superior development at Tigne Point overlooking Valletta, a combination of private properties, leisure and commercial facilities. The development, of some 30 acres in total, is a car free zone with the majority of homes benefiting from sea views. The hub of the development is the traditional Piazza which will have splendid trees and cafes making this a welcoming focal point.

“Malta is being recognised as an ideal destination for property investors and companies considering relocation. It offers a wonderful Mediterranean lifestyle, a low crime rate, English as an official language, low taxation, steady and rising property values and of course beautiful blue waters and an unbeatable sunshine record. Add the convenience of proximity that comes with living on a small island and the added leisure time that this often overlooked aspect offers and it is not hard to understand why Malta is such an attractive place in which to live and work”.

T10, the latest residential phase at Tigne Point, includes the last remaining one, two and three bedroom contemporary apartments and penthouses offering excellent finishes and very attractive payment terms.

This latest phase is being sold off plan and interest is high as it was with all previous phases, (all sold off plan), of this prestigious development.

Prices start from £174,000 for a one bedroom apartment.

Tigne Point info@tignepoint.com + 356 2065 5510 www.tignepoint.com

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For further information, quotes or images please contact:

Linda Nightingale Tel: 01825 744 091 Email: linda@nightingalespr.co.uk