Malta's Competitiveness Index Ranked Higher in 2017

 

The World Economic Forum’s Global Competitiveness Index or the WEF as it is known reports how a country is placed among others from an economic point of view and related sectors. The statements for 2016-2017 engage Malta ahead of Italy, Croatia or Portugal, on the 37th position, showing the improved competitiveness ranking on an international scale. Having a stable and prolific business climate, Malta is an attractive destination for foreigners who want to set up companies. Knowing the regulations and the guidelines in this matter, our company formation agents in Malta can provide you with the necessary assistance.

 

The WEF index of Malta was established from a total of 137 states involved in the research. The interesting part was linked to the improvement of the labor market effectiveness which was the main concern of the Maltese government. The free childcare measure enhanced the female participation in the workforce in Malta. Moreover, the competitiveness ranking of Malta was improved with the struggles of the authorities to diminish the public deficit and related debts. Malta is found on the 30th place for education and training, and on the 29th position for the labor market efficiency, according to the recent reports. The Maltese government considers that the country will rank even higher if the present measures will be upgraded in 2018. Investors who decide to enter the Maltese market through their operations are invited to ask our specialists in company incorporation in Malta for comprehensive information and support when drafting the documents for the future company.

 

 

The new ranking of Malta is seen as a starting point for future competitiveness, as the government considers. In this direction, the authorities want to focus on a better workforce and higher levels of training, a more attractive innovation sector, and business environment.

 

Entrepreneurs from abroad are invited to contact our Maltese team of company formation representatives for information about the company registration process in Malta.