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Business Culture

Malta is home to a diverse mix of financial services companies. While multinationals, global institutions and some of the world’s top-rated financial firms have located important functions on the island, start-ups and mid-tier financial services companies find Malta a particularly attractive place to grow and scale their products and services. Malta’s lower cost base, when compared with its European competitors London, Dublin and Luxembourg, mean a company’s seed capital can last longer than in the bigger and more expensive start-up hubs.

As the global finance sector is gearing up for a tech transformation, Malta, with its positive view of and support for emerging digital technologies, such as Artificial Intelligence, robotics, big data, Distributed Ledger Technologies, cybersecurity and Internet of Things, is also gaining the attention of a whole new generation of fintech entrepreneurs and global innovators.

While Malta would certainly like to grow and nurture the next unicorn, thus far global companies remain the bedrock of its International Finance Centre. The island has attracted international credit institutions such as HSBC, BNF Bank, Sparkasse Bank and trade finance specialist FIMBank and today hosts more than 20 fund administrators and almost 70 insurance companies.

Fund administrators such as Apex and Citco have a presence in Malta, along with insurance specialists Munich Re, Aon and Marsh. In addition, multinationals such as BMW, Peugeot, Citroën and Vodafone have set up captive insurance companies on the island.