Why do business in Malta
Malta may be one of the world’s smallest countries, but it is also a vibrant financial hub where fintech start-ups, fund managers, insurance firms, payment providers and family offices work in walking distance from each other. Regulatory innovation and emerging technologies are creating the right conditions for financial companies, both big and small, to prosper. Add to this a seasoned talent pool, strong language skills, a competitive business environment and high quality of life, and it becomes clear why investors believe in Malta, its potential and its future.
- A Dynamic and Diverse Financial Services Sector
Malta has built a comprehensive financial services sector with a rich mix of international, regional and local institutions. Despite our small size, we made the conscious decision to support a variety of financial activities and specialist segments. Asset management, insurance, banking, private wealth and fintech are the dominant forces of our finance industry.
Moreover, aviation, yachting, maritime services, space finance and sustainable finance are also playing important roles. We believe in the power of different clusters of activity. This diversity helps us to thrive and promotes cross-sector partnerships and cooperation among companies operating from Malta.
Moderate operating costs coupled with a well-trained population and a desire to support innovate ideas make us the ideal location for small and medium-sized organisations, regional headquarters, back-office functions and fast-growing fintech firms.
We are a gateway to markets and opportunities in the European Union. Located at the centre of the Mediterranean, between Europe and North Africa, Malta is the European Union’s smallest member state, yet it is deeply integrated in the world of finance.
From Malta, financial services companies can access the EU’s massive single market of over 500 million people. Companies can conduct business freely and sell their products in all EU member states and/or establish a business in another EU country provided that passporting and notification procedures are followed if required.
In addition, Malta has a network of some 70 double-taxation treaties, covering most of the world’s high-growth markets, facilitating trade and international business.
- A pro-business environment
We have reformed many aspects of doing business in Malta in recent years. Our business regulations are transparent, and many processes have been streamlined to mitigate delays. All laws and regulations are published in English.
Setting up a business in Malta is rather easy. Business First is our central contact point guiding entrepreneurs on the formalities of setting up and running a business in Malta. Many processes have been digitised and establishing a company takes just a few days.
There are several types of business structures that can be established in Malta – some of them have been designed in direct response to sector needs. Our cell company legislation is a case in point. Originally introduced for the insurance sector, cell companies are now also popular in asset management, shipping and aviation.
Innovation centres, accelerator, and industry hubs as well as incentives for R&D activities and grants to train your staff are some other elements that add to the corporate conditions on offer in Malta.
Our workforce is highly qualified and multilingual. Around one third of adults living in Malta have a degree, and subjects such as finance, accounting, law and IT are popular courses and attractive career paths. Most Maltese speak at least three languages: Maltese, English and either Italian, French or German.
As a small country, we pay particular attention to developing international skills in students, trainees and career starters. We want them to be comfortable working in companies with complex geographic footprints.
Our talent pool is also surprisingly diverse due to the many international workers that have relocated to the island over the past two decades. Our relaxed lifestyle, balmy climate and UK-inspired educational system make Malta a popular expat destination for families with young children.
We know that, at times, it may be difficult to find talent with specialised skills on the island. We are supporting companies looking abroad for the right candidates and have introduced tax incentives for highly qualified professionals taking up positions in Malta, which can sweeten your job offer to the most talented minds.
We are an island, but we were never really cut off. In fact, our strategic position at the centre of the Mediterranean has established our role as an important hub for trade and exchange. Our geographic location enables easy access to markets in Europe, Africa and the Middle East. We have an extensive network of flight connections and major European economies, including the United Kingdom, Germany and France, can be reached in just two to three hours.
Our digital infrastructure is well advanced and will ensure your business stays connected. We are one of the few countries in the world with 5G nationwide coverage while we are also meeting the EU’s target of 30 Mbps bandwidth nationwide.
The island is internationally connected via four submarine fibre-optic links to mainland Europe, with a fifth cable to be completed by February 2022.