Welcome GCS Accounting Malta Limited in Becoming a 3E Accounting Pte Ltd Global Accounting Alliance Member in Malta
GCS Accounting Malta Limited offers a one-stop-shop for everything that businesses need. They offer company incorporation, accounting, administration, payroll, tax compliance, advisory, work permits and residence, and more.
Malta is a service-based economy that is also industrialized and they have an advanced economy as declared by the International Monetary Fund. The World Bank considered as a country with high income. Innovation is one of the reasons for its economic growth. They are also part of the European Union and the eurozone.
Malta And Their Economy
The economical strengths of Malta are located strategically. It is also located in the Mediterranean Sea in a crossroad between North Africa, the Middle East, and Europe. They have a fully developed open market economy, low corporate tax, multilingual population, and solid finance ICT clusters. Their economy depends on foreign trade, financial services, tourism, and manufacturing. In addition, Malta is quickly becoming a Digital Gaming hub. A lot of big companies set up or build headquarters in Malta.
They have the lowest effective tax rate throughout the EU because of the general tax system which can apply to any company that operates in Malta. That includes Digital Gaming businesses. Malta has a full imputation tax system that is a complete elimination of the economy’s double taxation from the company profits. Even if the corporate tax is at 35%, shareholders get a refund making the effective tax reduce to only 5%.
The GDP per capita of Malta is at $29,200 after purchasing power adjustments, and it is the 15th place according to the EU’s list of purchasing power ranking. Malta had a budget deficit of 2.7% which is still within the means of eurozone countries according to the Maastricht criteria. The government had a gross debt of 69.8%. Malta’s unemployment rate is only 6%, making it the lowest in the EU.
Alliance Member is an aid in making businesses in Malta flourish and succeed through effective accounting and finance management. Therefore, more investors want to set up in Malta.
About The Company
3E Accounting Pte Ltd is a leading company headquartered in Singapore. The company is focused to creating a strong network of independent accounting and consulting firms across the globe, facilitating clients who wish to venture into new markets and territories smoothly.