Doing Business in Singapore VS Malta – A Comparison
Entrepreneurs and investors often face a significant dilemma when deciding where to establish or expand their businesses. Both Singapore and Malta are attractive destinations, offering unique advantages that cater to different business needs. While Singapore is renowned for its competitive business environment, high quality of life, and cost-effective setup for smaller businesses, Malta stands out with its strategic location in Europe and favorable tax regimes. This article compares the two nations to help you make an informed decision.
Key Comparison Points
Business Environment
- Singapore: Singapore boasts a politically stable environment, a robust legal framework, and extensive government support for businesses.
- Malta: Malta offers a stable political climate and a pro-business legal system, making it an attractive destination for European market access.
Taxation
- Singapore: Corporate tax rates in Singapore are capped at 17%, with numerous tax incentives and no capital gains tax.
- Malta: Malta has a corporate tax rate of 35%, but businesses can benefit from tax refunds, effectively reducing the tax burden, along with no capital gains tax.
Ease of Company Incorporation
- Singapore: Singapore offers a seamless incorporation process, supported by advanced digital infrastructure and a transparent regulatory environment.
- Malta: Malta provides a straightforward incorporation process with strong support for businesses, although the digital infrastructure is still developing compared to Singapore.
Cost of Living and Business Operations
- Singapore: Operational costs in Singapore are moderate, with affordable office spaces and a high quality of life for expatriates.
- Malta: Malta offers lower operational costs than Singapore, but living expenses for expatriates can vary depending on lifestyle choices.
Access to Markets
- Singapore: Singapore serves as a global hub with excellent connectivity and numerous trade agreements across Asia and beyond.
- Malta: Malta’s strategic location provides access to European and North African markets, supported by its EU membership and trade agreements.
Quick Comparison Overview
Here’s a quick overview of the key differences for easy reference:
| Factor |
Singapore |
Malta |
| Business Environment |
Politically stable, robust legal framework, strong government support |
Stable political climate, pro-business legal system |
| Corporate Tax Rate |
17% |
35% (effective rate lower with refunds) |
| Capital Gains Tax |
None |
None |
| Ease of Incorporation |
Seamless, advanced digital infrastructure |
Straightforward, developing digital infrastructure |
| Business Costs |
Moderate operational costs |
Lower operational costs |
| Market Access |
Global connectivity, strong trade agreements |
Access to European and North African markets |

Benefits of Choosing 3E Accounting
Whether you’re looking to register a company in Singapore or start a business in Singapore, 3E Accounting offers unparalleled expertise and support. From seamless incorporation to comprehensive business solutions, our team ensures a hassle-free experience for entrepreneurs and investors.
Explore our Singapore company incorporation services package to understand how we can assist you. For more guidance, check out our guide to register a company in Singapore. Ready to take the next step? 3E Accounting is here to help. Contact us today to get started.
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Frequently Asked Questions
Singapore provides a fully digitalized and seamless process, while Malta’s incorporation process is straightforward but lacks advanced digital infrastructure. Learn more about company registration in Singapore.
Singapore serves as a global hub with excellent connectivity, numerous trade agreements, and access to Asian markets. Learn more about setting up businesses in Singapore.
Abigail Yu oversees executive leadership at 3E Accounting Group, leading operations, IT solutions, public relations, and digital marketing to drive business success. She holds an honors degree in Communication and New Media from the National University of Singapore and is highly skilled in crisis management, financial communication, and corporate communications.