Discover the Thriving iGaming Industry in Malta
When it comes to the iGaming industry, few places can match Malta’s impressive growth rate and industry standing. As a small island nation located in the Mediterranean Sea, Malta has emerged as one of the most sought-after destinations for businesses looking to establish and grow in the iGaming industry. In this article, we will take a closer look at Malta’s thriving iGaming industry, the reasons behind its success and what makes it the perfect destination for companies and professionals in the sector.
The Growth of iGaming Industry in Malta
Malta’s iGaming industry has been growing at an unprecedented rate in recent years, with the country quickly emerging as a hub for iGaming companies and professionals. As of 2021, the industry is responsible for more than 12% of Malta’s total GDP, making it a significant contributor to the country’s economy. The country’s regulator, the Malta Gaming Authority (MGA), has been instrumental in driving the growth of the industry by providing a suitable regulatory framework and attracting foreign investors.
Reasons for Success
Several factors have contributed to Malta’s success in the iGaming industry. First, the country offers a favorable tax regime where companies are only required to pay a tax rate of 5% on their net income. This has made it an attractive destination for international iGaming companies that are looking to expand their operations while minimizing their tax burden. Additionally, Malta boasts of an excellent infrastructure, highly skilled workforce, and a supportive business environment that encourages innovation and entrepreneurship.
The Perfect Destination for iGaming Companies and Professionals
Malta is a perfect destination for iGaming companies and professionals looking to establish or grow their businesses. The country boasts of world-class amenities, including modern office spaces, high-speed internet connectivity, and a reliable transportation system. Additionally, it has a vibrant social scene, with a diverse pool of talent, making it an ideal place for professionals to grow their skills and network with like-minded individuals.
Conclusion
To sum up, Malta’s iGaming industry is a thriving ecosystem that continues to attract local and international investors. The country’s favorable tax regime, supportive business environment, and highly skilled workforce make it an ideal destination for iGaming companies looking to grow and expand their operations. For professionals looking to establish their careers in the sector, Malta provides an excellent opportunity to gain experience, grow their skills and network with industry leaders. With the right mix of factors, Malta’s iGaming industry is sure to continue on its growth trajectory, making it a top destination in the years to come.
