Esports is among the fastest growing industries in Malta and worldwide. KPMG Malta's Gaming Team is investing significant resources into this sphere.
KPMG Malta's Gaming Team is an active player in the Esports Industry.
Constantly on the lookout for industries with high growth potential, Malta has truly opened its doors to esports companies, seeing the inherent value such businesses have to offer in Malta and across the globe. Presently a budding industry in Malta but projected to grow beyond a €1 billion global industry value by 2020, the esports industry has placed itself amongst the fastest growing industries on the planet. As part of 2019 budget revelations by the Maltese government, the country has thrown down the gauntlet for esports and hopes to become a worldwide leader in the sphere.
KPMG is amongst the market leaders in Malta’s vibrant ecosystem of online gambling and video gaming stakeholders, both falling under the umbrella of gaming. Esports is set to become another important facet of Malta’s gaming industry. Many benefits stemming from Malta’s gaming industry are equally applicable to the esports environment. Alongside Malta’s bustling atmosphere, the country offers an excellent business environment underpinned by a highly skilled workforce, robust financial services and best-in-class professional services. A small island with a big appetite for business, Malta is perfectly placed to serve esports companies from a 360 degree viewpoint.
From a financial standpoint, Malta’s beneficial tax regime has been identified as one of its major competitive advantages. Specific tax incentives which allow for an effective corporate tax rate of 5%, and a wide array of double taxation treaties with various countries worldwide, puts Malta at the forefront of the game. Beyond this, Malta has an advantageous strategic position within Europe. The island is among the most beautiful and richly historic in the world, and its capital, Valletta, was the joint-Capital of Culture for 2018. Often voted as the best climate worldwide, Malta’s climate and 300 days of sunshine allow for a very pleasant lifestyle on the Mediterranean Sea.