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Malta. A vibrant economy, open for business
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Malta. A Clear Economic Vision
Developing a dynamic, high value-added economy founded on competence, skills and excellence and capable of sustaining a high quality standard of living for its entire people Malta Enterprise is the national agency responsible for promoting and supporting Foreign Direct Investment into Malta Malta Enterprise also assists businesses and industries in the country to grow and develop through a wide range of support measures Eurostat sourced on Date: Ref no:
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Malta. Main Export Partners (2015)
Source: National Statistics Office
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Malta. Advanced Manufacturing
A focus on high-end, knowledge-based industries Over 200 FDI operations in sectors such as plastics, precision engineering, electronic components, and automotive components World-class products are developed and manufactured in Malta for clients such as Airbus, Boeing, Daimler Chrysler, FIAT, Ford, Nokia, Chanel, Christian Dior and many others
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Malta. Aviation Strong MRO sector for both fixed wing and rotary aircraft Manufacture of aviation components Flight operations and charter, management and aircraft handling R&D and innovation on UAVs Flight and Aviation training Back Office Support and Call Centre operations ICT and software development for aviation industry
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Malta. Maritime and Logistics
Third largest transhipment and logistics hub in Mediterranean with over 3 million TEUs per annum Largest international ship register in the EU and one of largest globally, with flag integrity and competitive registration fees A destination for yachts and super-yachts complemented by a maintenance and repair industry offering a wide spectrum of services Provision of supporting professional services
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Malta. Investment opportunity in the sector
A changing logistics industry, with emphasis on strategically located hubs that enable delivery within hours Malta has historical strength as trader base in middle of Mediterranean and excellent links with major markets MIA <4KM FREEPORT <2KM Request for Proposals for development of new Logistics Hub just issued by Government of Malta to facilitate private sector entry in growing market In immediate proximity to Malta International Airport and Malta Freeport Project would multiply volume of warehousing space, with substantial area for deconsolidation of cargo as well as value-adding activities such as packaging of goods and labeling of products
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Malta. The International Logistics Hub
Classified either as a Customs Free Zone or a Customs Warehouse Designed to act as a strategic hub for international business in the Maltese Islands Theoretical maximum surface area of 1.48million sqm (generation of a minimum of 400,000 sqm of warehousing space)
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Malta. The International Logistics Hub - Benefits
Provide customs-related advantages as well as exemptions from Maltese and EU taxes in a controlled environment Foster economic activity and employment Inject investment into industries in specialised services, and generate adequate employment prospects and business opportunities Develop new and innovative work practices and procedures for diverse new business lines on a global basis Yield significant & sustained economic benefits in terms of Gross Value Added (GVA) contribution, including the multiplier effect on other local businesses.
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Incentives. Investment Aid
Qualifying companies are entitled to a tax credit based on an initial investment project which is calculated as a percentage of: expenditure in tangible and intangible assets; OR the wage cost for the first 24 months of the newly created job in relation to the supported investment project.
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Incentives. Access to Finance
Access to Finance schemes are available to manufacturing enterprises and only after Malta Enterprise completes a due diligence exercise on the applicant and the proposed project: Soft Loans: Granted by Malta Enterprise, soft loans usually amount to 33% but in any case not exceeding 75% of the cost of plant, machinery and equipment at a reduced rate of interest Loan Subsidies: Malta Enterprise may subsidize the rate of interest payable on bank loans. Loan interest subsidies may only be granted where a soft loan has not been granted. Such loans are provided by banks or other financial institutions Loan Guarantees: Malta Enterprise can provide a guarantee for up to 75% of bank loans taken by a company to finance acquisition of additional assets to be employed in the company’s business
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Incentives. Other Benefits
Malta also offers a number of fiscal and financial incentives, such as: A corporate tax rate which may be reduced through a refund of up to 6/7th’s of the amount of tax paid upon distribution of dividends Around 70 Double Taxation Agreements in force Business Development Grants up to €200,000 for high value-adding projects Support to help companies internationalise their activities Support for education and training of workforce and initiatives to create Academies
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For further info contact Malta Enterprise: T: +356 2542 0000
E: Malta Enterprise, Gwardamangia Hill Pieta’ MEC 0001 Malta.
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