I am currently leaning towards scrapping my plans of opening shop in Malta and plan instead on opening an Estonian business within the next month.
Research reveals that Estonia is a very business friendly country. For the Americans, Estonia is a Baltic nation close to Russia and Poland was a Sovjet vassal state until 1991, now a Euro country. It has 1.3 million inhabitans who speak a sort of Finnish family language and has close ties to Sweden. The baltic countries are very pleasent in my experience. Very little immigration from third world countries makes it an almost white country (no racist), which means there are less racial tensions and peaceful. There are russian mobsters though. They are the ones driving huge Audis and generally behave like how Wicked Fire members would if they weren't broke.
Now for why to open a business in Estonia:
- A Limited Liability Company can be opened in day
- There is NO capital requirements needed to do so, except that you are personally liable until 2500 euro has been paid
- You don't need to live in Estonia or be a natural citizen
- There is zero (0) corporate tax and low, progressive income tax
- Estonia is a hub for tech business and outsourcing - see Tehnopol - Business center for knowledge-based companies
- A full time programmer can be hired for $1200-$1500 a month
- Tax reporting and board meetings can be done online
Besides that, Estonia is cheap and merry, has good beer and attractive, normal weight females: