Why is Malta the favorite of rich people?

If you are a rich man with a huge amount of property, how to reasonably and legally avoid taxes and how to allocate assets globally must be a key concern. Nowadays, more and more rich people have chosen Malta, and they are also conscious of Malta's unparalleled tax advantages and investment advantages in other countries. Malta is a non-global taxing country, and nationals who do not settle in Malta are not subject to tax on the gains on assets abroad. Malta's corporate income tax is as low as 5%. So far Malta has signed agreements to avoid double taxation with 60+ countries (including China). Malta identified as tax haven by 11 international organisations! Malta is a European tax haven. There is no inheritance tax, no gift tax, and no real estate tax.