The articles published in various international media over the recent months, refer. The International Monetary Fund (IMF) has published its findings on Malta on 15th May 2013.
Why is RTFX based in Malta?
The Maltese Islands have captured minds and imaginations for over 7,000 years
A tiny hive of activity, Malta boasts modern infrastructure, cutting edge technology and a stable Constitution that has quickly built it to be a sought-after business destination. Despite its size, Malta has developed into a happening nucleus for Retail, IT and Financial Services activities.
The workforce is forward-thinking and ambitious, while the legal, political and tax frameworks all lend themselves to a superior business environment.
“Malta has weathered the global market turmoil and economic downturn better than most… In the World Economic Forum Competitiveness Index for 2008-09, Malta was judged to have the 10th soundest banking system among 134 countries, and came 18th for financial market sophistication.” – Financial World Online
You’re in safe hands
Numerous multi-national corporations have put their faith in the Maltese business environment. Organisations including Vodafone, HSBC, Raiffeisen Bank, Volksbank, Sparkasse Bank, Banif Bank, Munich Re, Hilton, Intercontinental, ST Micro Electronics, Microsoft and, naturally, RTFX, have all set up operations and continue to enjoy the benefits of being located in Malta.
The fact that, all Financial Services businesses have been regulated by the Malta Financial Services Authority (MFSA) since 1994, and subsequently, under the Markets in Financial Instruments Directive (MiFID), provides a harmonised regulatory regime for investment services across the European Economic Area, within which Malta falls. The country also has double taxation agreements with 46 countries worldwide; with another 15 pending.
A cosmopolitan element hangs in the air – a twist on the traditional Mediterranean way of life. Fishing boats bob next to high-rise commercial structures and visitors travel from miles around to revel in its history, food and unparalleled hospitality. English is spoken as mother-tongue and other European languages, including French, German and Italian, are widely used and understood. International brands, whether fashion, home-ware or motoring, are part of the landscape and blend perfectly with the increasingly multi-cultural lifestyle enjoyed here.
A business core in the heart of the Mediterranean
Just 93km from Sicily, Malta really is at the strategic heart of the Mediterranean and this has made the country a desirable destination for millennia. Regular air and sea links connect Malta to the European mainland – a key advantage for the international business community. Being just 2 hours from Paris, 3 hours from London and 1 hour from Rome, most of Europe could not be closer.
Known best for their eclectic history and World Heritage Sites, the Maltese Islands have been ruled by numerous powers in their time, including the Phoenicians, the Arabs, the Knights of St John, the French, under Napoleon, and the British; all of whom left their marks on this charming island.
Today, it remains sought-after both as a sun-drenched holiday destination and vibrant commercial hub. The consistent connections, low-fare airlines and world-class communication facilities have placed it effortlessly on a par with the rest of Europe and secured its place as a natural base for investment.
Malta in the European Union
Giving businesses a European Passport
Malta’s relationship with the European Union dates back to the 1970s. In 2004, Malta joined the EU along with nine other countries, becoming part of the Eurozone in 2008. As a result, the islands’ businesses gained instant access to the EU’s internal market of over 500 million people. Subsequently, other international companies have discovered Malta and its numerous benefits.
Some useful links about Malta
Below are a few links to various related websites