• GLOBAL MOBILITY
MALTA
MY ADVICE...
Mobility
Stay Informed. Keep abreast of the latest geopolitical events, climate change developments, and government policies. This will help you anticipate changes and adapt your business strategies accordingly.
these can help you operate more effectively and avoid potential pitfalls; therefore, always seek advice from local experts with multilingual and multicultural experience.
National Energy and Climate Plan”. This comprehensive plan outlines the country’s commitments to reducing greenhouse gas emissions, increasing energy efficiency, and promoting renewable energy. Government Policy Influencing Global Mobility Malta is a significant player in the global mobility scene, especially with its recently updated tax regulations to support digital nomads and its renowned programmes such as the Malta Global Residency Programme (for non-EU citizens), The Residence Programme (for EU citizens), the Malta Highly Qualified Person Rules, the United Nations Pensions Programme (UNPP) and The Malta Retirement Programme (MRP). These policies aim to attract investors, retirees and remote workers to the country, fostering the local economy and promoting diversity. Papilio Services Limited: Your Partner in Global Mobility Papilio Services Limited, a leading international corporate service provider, offers essential business support and corporate solutions, specialising in corporate, tax compliance and residency. With a holistic approach, Papilio provides local expertise where it matters, assisting with corporate service matters including company formation, re-domiciliation, branch establishment, mergers and acquisitions, trusts, and foundations.
Leverage Government Initiatives. Many governments offer incentives for
in Malta
Understand Local Regulations. Each jurisdiction has its own set of
businesses that contribute to sustainability goals which creates unique opportunities and a competitive entrepreneur edge.
regulations and policies, and also you need to factor in the cultural differences. Understanding
I n today’s interconnected world, global mobility is an ongoing challenge. The solution to this is complex and involves many factors that have an impact on businesses and governments. Global mobility is significantly impacted by geopolitical events on a global scale, which leads governments to implement policies aimed at mitigating and overcoming their effects. Migration patterns are being increasingly impacted by the worldwide issue of climate change. Global mobility is, therefore, both a challenge and an opportunity that is more readily available to companies and individuals now than it has ever been. Chris Armstrong Director Papilio Services Limited
has been felt in sectors such as finance, fintech, e-commerce, and gaming, where many companies have traditionally relied on the easy movement of the workforce between Malta and the UK and ulilised the opportunity to mitigate the impact of Brexit by registering a company in Malta, used as a stronghold to oversee business activities within the EU market. Climate Concerns Are Increasingly Becoming a Decision-Making Factor in Global Migration Climate change is now an important factor that affects global migration decisions. Malta has taken climate concerns into account when shaping its policies and making decisions. The influence of climate change on migration patterns cannot be ignored, as various global factors such as climate change, conflict, and demographic changes play a role in shaping future migration trends.
One of the key strategies is Malta’s first 30-year strategy leading towards a carbon-neutral economy. This strategy includes a green paper titled “Towards Cleaner Vehicles on our Roads”. The aim is to encourage the use of low-emission vehicles, thereby reducing Malta’s carbon footprint by developing and improving its sustainable transport systems, reducing its carbon emissions and enhancing its regional and local mobility, by investing in electric vehicles, multimodal links, smart parking, and urban mobility plans. In addition, Malta is shifting from a linear to a circular economy. This involves implementing tangible reforms in sensitive sectors such as construction and planning, with measures and incentives that will push the necessary change. This shift is expected to reduce waste and promote the efficient use of resources, which are key aspects of climate change mitigation. Furthermore, the Maltese government has developed the “2030
• Over the past few years, several global conflicts and controversies have arisen or intensified. These conflicts have exacerbated the region’s challenges for international collaboration and engagement on a variety of problems, including migration, trade, energy, security, and human rights. • Brexit, or the UK’s decision to quit the European Union, had wide-ranging effects which were felt on business and mobility, especially with regard to migration and job relocation. These geopolitical events amplify the importance of global mobility and highlight the need for businesses and individuals to stay abreast of the changing global landscape. Malta has also seized some of the opportunities that emerged from global mobility, such as: • Positioning itself as a flourishing digital island, to attract high-value- driven industries and harness technological prowess, by creating a favourable environment for innovation, creativity, and digitalisation. • Promoting its tax and residency schemes, to appeal to international companies and individuals who are looking for a stable and competitive jurisdiction for their investments, by offering various benefits and incentives, such as advantageous corporate tax rates, global residence and retirement programmes. • In Malta, the impact of Brexit
Chris started his career in London working for several blue chip and FTSE-listed companies which harnessed his strong financial and commercial background. Relocated to Malta in 2008 and worked for international companies that specialised in financial planning and taxation advisory for international clients, high net-worth individuals and entrepreneurs advising on a variety of compliance, corporate, residence and tax issues. Chris has a strong understanding and knowledge of financial accounting and reporting standards; taxation and compliance matters in a variety of different industries. He is a chartered certified accountant and holds a Diploma in Fund Administration. He also holds qualifications in Trusts and Estate planning including the use of foundations. He is a member of the Institute of Financial Services Practitioners (IFSP), the Association of Chartered Certified Accountants (ACCA) and The Society of Trust and Estate Planners (STEP).
Global Geopolitical Events Affecting Mobility in Malta
Malta is an English-speaking, small island republic in the Mediterranean Sea with a population of approximately half a million people. It is a member of the European Union (EU) and the Schengen Area, which means that people and goods enjoy the freedom of movement. Due to its pleasant temperature, fascinating history, varied culture, and alluring residence and tax plans, Malta is a well-liked destination for both tourists and expats. However, Malta’s global mobility has also been affected by some of the recent global geopolitical events, such as: • The COVID-19 pandemic has disrupted the global mobility of people and goods, as many countries imposed travel restrictions, lockdowns, quarantines, and testing requirements to contain the spread of the virus.
About us...
papilioservices.com
Papilio was founded in 2012 and has grown to become a trusted partner to international clients from all over the world. As a leading service provider, we develop and maintain business relationships with our clients by offering essential business support and corporate solutions and specializing in corporate, tax, residency, and compliance. We offer a holistic approach with a personal touch providing local expertise where it matters. As an international company, we provide a wide range of solutions that fit your business requirements. From company formation and registration to mergers and acquisitions or business re-domiciliation through to trusts and
foundations and branch establishment, we help businesses wherever they are in the world, from start-ups to international enterprises, across a range of sectors. Our specialists, highly qualified teams of professionals, made up of accountants, lawyers and tax advisors across key strategic locations, including Malta, the Netherlands and the Czech Republic, offer expert local knowledge and ‘on-the-ground’ support to help clients establish business operations or corporate structures, whilst ensuring that the complex legal and compliance requirements, in each jurisdiction, are adhered to. Therefore, when consulting with Papilio, you can trust that we will find the best answer for you and your business.
+356 2258 2000 Chris.A@papilioservices.com irglobal.com/advisor/chris-armstrong
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