Business Reforms in Malta
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Malta made starting a business easier by removing the requirement for a trading license for general commercial activities.
Starting a Business: Malta simplified the process of starting a business by reducing the time needed to register a company.
Getting Credit: Malta improved access to credit information by launching a new credit registry.
Paying Taxes: Malta made paying taxes more costly by replacing the capital gains tax with a property transfer tax, increasing the maximum social security contribution paid by employers.
Getting Electricity: The utility in Malta reduced the time required for getting an electricity connection by improving its supervision of trenching works.
Registering Property: Malta made the transfer of a property more expensive by introducing the new property transfer tax.
Starting a Business: Malta made starting a business easier by creating an electronic link between the Registrar of Companies and the Inland Revenue Department to facilitate issuance of a tax identification number.
Dealing with Construction Permits: Malta made dealing with construction permits less costly by significantly reducing the building permit fees.