Benefits for Blockchain and Technology Specialists when relocating to Malta

Malta is positioning itself as a Blockchain hub and is attracting Blockchain and Technology specialists. Binance (an international multi-language cryptocurrency exchange company) has announced its move to Malta permanently placing the country on the Blockchain map for already existing companies as well as newly emerging businesses seeking a crypto-friendly jurisdiction.Please be advised that users of virtual currency may lose some or all of their investment as the value of the virtual currency may change substantially in a short amount of time. Also be aware that transactions may be irreversible, even if fraudulent or accidental. Quickly changing laws or technical problems can adversely affect the use, transfer, exchange, and value of virtual currencies. There may be security risks.

Malta has been deemed one of the best countries to open and relocate companies for cryptocurrencies – as it has very good IT career opportunities, provides sufficient training, has a lovely environment, it is easy to start a company, and the market is continually asking for more specialised employees such as foreign Blockchain and tech specialists.Malta provides residency and citizenship programmes which attract investors, gaming, aviation, and financial services executives. The Maltese government believes that the island’s residency programmes could be the key to attracting Blockchain and technology specialists from all over the world. Malta’s taxation rate is 15% to individuals who are resident but are not based in Malta and hold a qualifying position with companies licensed/ recognized by the adequate authorities. Individuals relocating to Malta under one of the programmes will benefit from visa-free travel to over 50 countries which include the Schengen member states.

Binance’s move to Malta will create 200 new jobs. As more and more exchanges and FinTech startup companies continue to relocate themselves to Malta, the island will truly foster an ideal environment for businesses in Blockchain and technology specialists. The Maltese Government has announced plans to set up the ‘Malta Digital Innovation Authority’ which shall run the implementation of innovative technologies to quicken Governmental processes.