The Forbes Tax Misery and Reform Index indicates that Malta is the most attractive country in the EU in terms of taxes and social security contributions paid by companies.

Malta's adoption of the Euro in January 2008 has strengthened Malta's appeal to international investors. Malta's financial service sector has experienced steady growth and now accounts for 12% of the GDP.

Malta has also placed great importance of strengthening its double taxation agreements with various trading partners including Singapore and the US. Malta now has some 50 Double Taxation Agreements.

The Index reports that 'Malta is an EU country with stable government, good tax system, excellent infrastructure, skilled workforce of English-speaking locals, an enviable quality of life and an element of Mediterranean climate.'

Malta offers a number of attractive opportunities for foreigners who wish to invest in Malta. Low cost flights, increase in the cruise liner industry have all contributed to an increase in tourism numbers in Malta. Many individuals and companies are choosing to move to Malta to benefit from EU membership. Permanent residents benefit from flat rate tax of 15% on income remitted to Malta and with Malta so close to all major EU cities many individuals are choosing to relocate to Malta.

The property market in Malta has experienced stable growth over the years. Investment in property has become very attractive especially with Malta's stable political and economic climate. Malta has managed to attract many international investors who are choosing Malta as their gateway to the EU. Relocation of international brands is expected to increase even further when Smart City, Tecom's latest international project, becomes fully operational.