Several Danish companies have contacted the Malta’s honorary consul in Funen, Denmark asking about corporate tax in Malta.

The enquiries were made after the Honary Consul, Bjørn Petersen, was interviewed on the tax on Denmark’s main radio station.

Mr Petersen said on the radio that Danes were not attracted to Malta just for tourism, Danish nationals had also established 61 subsidiaries in Malta in the past two years, double the figure of 2007 and 2008.

He told the radio that this was because of the country’s low corporate tax, the fact that Malta was a member of the EU, its currency was the euro and the Maltese speak English.

“With the right tactics, this tax can be squeezed down to null,” he said.

"Tax is close to zero, if funds stay in the company. And should you withdraw money, you still pay less taxes than in Denmark," he said.

This, he said was a way of raising money in a legal way.

According to the Financial Times an increasing number of affluent investors are transferring funds from Swiss bank accounts to Maltese.

Preben Buchholtz from the Danish tax authorities, however, was somewhat sceptical.

He said that there was a risk that some companied tried to cheat when they found countries where they could hide.

These were the companies the authorities were always on the lookout for, particularly holding companies established in Malta.

“These are corporations which typically own shares in one or more companie.,” he said.