Business expansion is one of the best things to happen to a company, and when it comes to the country in which you could do that, Malta should be a favorite. Many investors consider it because of the advantageous taxation system; however, there is so much more to this small island state than the possibility of cutting back on taxes.
If you want to have full control over operations, the branch office is one of the best structures to register in Malta, and below are some of the reasons why.
Fast registration procedure
In case time is of matter, you should know that starting a branch is much faster than any other company. However, specialized assistance for opening a branch office in Malta is recommended if you really want things to move fast. Once the documents are ready, they can be filed with the Trade Register through a proxy, as you will need a local representative. This is why it is best to work with a professional services company.
Since mentioning fast registration, you can expect about a week to have the Registration Certificate issued.
Another advantage that has to do with the registration is the lack of a minimum capital requirement: you decide how much you want to inject in your Maltese branch.
Full control over the Maltese branch
If you want an entity where you hold control over the operations and decisions, the branch is your go-to legal structure, as it is not a distinct entity from the parent company. This means that you direct funds to it, impose the business direction, and any other specifics you consider important.
Operate in the EU without restrictions
Given that Malta is an EU country, this simple fact opens many doors. Simply put, you can market your goods or services anywhere in the European Union with minimal or no additional requirements at all. What could be better than this? Register one entity and cover an entire market, a significantly sizeable one, too.
Access to a talented workforce
English is an official language in Malta, and this also translates into an English-speaking labor force, so when hiring employees, that will not be a problem if this is the main international language you speak. But wait! This is not all about Maltese workers: they are also educated, and many of them are specialists in their fields. Salaries are also lower compared to other countries, like Germany, and so, you win on multiple levels.
Local taxation and double taxation
When considering business expansion, you know that this will expose you to two taxation systems:
- the one where you operate your main business;
- Malta.
Well, Malta has a unique refund system when distributing dividends. And it is also has more than 60 double taxation treaties. So, the advantage is double: you can benefit from both systems if you know how to do your taxes right. But, as already mentioned, there are plenty of specialists in Malta who can help you.
Malta is a great place to live and do business in, so if you are considering expanding your company, this is your sign to start things moving in this country’s direction. Get some professional help and see your enterprise grow!