Why do millionaires all over the world flock to Malta?

The data shows that during the epidemic prevention and control period, the average capital of the richest people in the world has jumped from the original $700 billion to $10.50 billion. In short, in the past few years, his capital has been increasing at an average rate of $6543.8+300 million per day. The money earned in one day can make ordinary people work without food or drink for tens of thousands of years.

Generally speaking, Malta is a country with a low cost of living. There are two factors leading to some exceptions to this rule. As Malta is an island country, some imported products may be much more expensive. Malta's recent economic prosperity and warm welcome from foreigners make some parts of the country much more expensive than others. I firmly believe that Malta can only become more and more expensive over time, which is very realistic, so we must seize the opportunity, such as long-term lease agreement, to lock in the current price. Rent is one of the biggest and most variable costs in daily life here.

The average revenue and expenditure breakdown of water and electricity (water, electricity, natural materials, Internet) 150-200 euros may seem high, but it must be remembered that in Malta, I don't need to pay all direct taxes for the construction and maintenance of sewer pipes and infrastructure. In addition, it must be remembered that Malta is particularly sultry in summer, and most buildings have poor fire resistance to the cold weather in winter, so your utilities are likely to increase in January, February, July and August.

Non-global taxation, financial planning security For many wealthy businessmen or entrepreneurs, Malta's tax reform is quite beneficial. It has signed double taxation avoidance agreements with 76 countries and regions (including China). The lowest tax rate of the enterprise tax refund system is 5%, and there are no house inheritance tax, production tax, real estate tax and net wealth tax. You can also enjoy EU customs union subsidies and its preferential trade policies.

Take many domestic business giants as examples, Tencent official, Alibaba, Baidu and so on. All companies registered overseas, on the one hand, it is convenient and fast to list overseas, and on the other hand, it can legally avoid taxes. Malta has always had the reputation of "Singapore in Europe" and "Little Switzerland in Southern Europe", which undoubtedly has great appeal to the wealthy class.

Among most wealthy businessmen, the rich in the Middle East are famous as "moats". They often spend a lot of money just to buy all the luxury cars made on this earth in the first place. They keep huge and fierce pets, such as "wolves, tigers, leopards and lions" ... 75% of the Middle East economy is controlled by about 5,000 big families, and their capital is concentrated in the hands of a few big families. This kind of big family is basically an "old elite" represented by members of the royal family, which is monopolized by the high income generated by the oil economy. Therefore, it is not surprising to spend a lot of money.