According to the latest data released by Eurostat in October 2017, Malta ranked second in the EU with a low unemployment rate of 3.5%. Data on the average unemployment rate in EU countries in June 2017 also showed that Malta has consistently been one of the countries with the lowest unemployment rates in the EU in recent years. This fully demonstrates that Malta's economy is developing rapidly, its people are living and working in peace and contentment, and it is attracting numerous foreign investments as well as many immigrants. Furthermore, with abundant local employment opportunities and a low unemployment rate, what side businesses can one invest in after immigrating to Malta?
No.1 IT Industry
Malta enjoys the reputation of being the "Silicon Valley of the Mediterranean," and its achievements in the software and gaming sectors have attracted the attention of large software companies, including well-known Chinese and international enterprises such as Huawei, Microsoft, and Oracle. Malta is working hard to build Smart City, injecting new vitality into its IT industry. Therefore, the future development prospects of the IT industry should not be underestimated.
No.2 Financial Industry
Another sector worth investing in is Malta's financial industry. Malta is known as the "Switzerland of Southern Europe," with 25 global banks having established branches in the country, such as HSBC and Deutsche Bank. According to the World Economic Forum's Global Competitiveness Report, Malta ranks 10th in the world for its sound banking system and 1st in Europe for hedge funds.
No.3 Traditional Chinese Medicine (TCM)
In addition, Traditional Chinese Medicine is very popular in Malta. The TCM clinic at Mater Dei Hospital and the Mediterranean Regional Centre for Traditional Chinese Medicine have been warmly welcomed by the locals. Therefore, TCM clinics are also an industry with great development prospects locally. The application procedure for opening a TCM clinic is relatively simple; generally, one can practice medicine in Malta by registering with the MQRIC department in Malta with a university degree in TCM and a physician's qualification certificate, or by passing the relevant examination and review procedures of the Medical Council of Malta.
Investing in Malta's industries also comes with certain investment guarantees and tax incentives: Malta is one of the countries in the EU with favorable investment policies. Malta has introduced a series of acts to attract investment and promote economic development, including the Business Promotion Act and the White Paper on Employment and Industrial Relations. The Maltese government provides tax incentives to foreign investors and has signed double taxation avoidance agreements with 76 countries worldwide. With a developed economy, a broad market, and preferential policies, investing in Malta's industries allows you to enjoy unlimited returns.
Since the launch of its government bond investment immigration program, Malta has been highly sought after by many investment immigration clients. As a European financial and trade center, Malta boasts a relatively open economic environment, a mature financial system, authentic British-style education, a sound medical system, lower tariffs, and efficient investment rules. With its developed tourism and shipping industries, it is one of the most suitable countries for investment immigration. For details, please consult: 400-138-2929