Business

in Malta

A member of the European Union since May 2004, Malta is an English speaking country with a pro-business attitude and infrastructure.

Country Profile

Malta has a proud and rich history and cultural heritage rooted in its key strategic location on the Mediterranean. Blessed, with a glorious year-round climate, stunning architecture and fine infrastructure of schools, hospitals and tourist amenities.
Despite being the EU’s smallest member state, Malta has been one of the most exciting countries to watch and invest in. Over the years, the island’s leaders have been on a mission to make Malta a magnet for financial services. It was their vision to turn the island into a platform for International business and to develop a model economy, which has regularly been among the best in the EU.

In no small part, Malta’s rise into the ranks of Europe’s leading financial centres has been driven by the island’s reputation for stability, predictability and security which has made it an exception among other global financial centres. A robust, EU-compliant regulatory framework, diverse ecosystem and deep talent pool also helped financial service companies from around the world to find opportunities in Malta.

Behind Malta’s ascent is a combination of sound policymaking and pro-business environment. Home to a population of just over 421,000 people, Malta’s development has largely been attributed to its focus on knowledge and value added industries. While financial services has become a key pillar of its economy, Malta also boasts a thriving tourism industry, is home to a large maritime sector cluster and supports a host of other sectors including ICT, advanced manufacturing and life sciences.

Incorporating a company in Malta is relatively easy and only takes a couple of days
The Maltese legal structure is a hybrid system of Civil and Common law. While it is based on the civil law pattern of continental Europe, most administrative and fiscal legislation is constructed on the British model. This offers Malta a particular advantage in company formation as practitioners have a cultural affinity with both systems and can easily bridge the gap between continental European and Anglo (UK) legal frameworks. The incorporation procedure usually takes one week.

An English-speaking nation

With a history stretching back thousands of years, Malta is the European Union’s smallest member state. However, the country’s size is no barrier and Malta has positioned itself as a hub for international business.

Depth and breadth

As a small nation, flexibility, innovation, competitiveness and adaptability have been elements of Malta’s development since the country began to fend for itself after independence from Britain in 1964. In the past few years, Malta has attracted record volumes of new business to its shores. Financial services have been identified as a key priority area for economic growth.

Full parliamentary support

Malta’s political leaders have a pro-business attitude and are committed to further assisting the finance sector to grow and encouraging foreign investors to establish operations in Malta.

One of Europe’s top performers

In recent years, Malta has been ranked among the strongest EU economies in terms of GDP growth. Services underpin the Maltese economy, accounting for 75 per cent of GDP, while industry accounts for 23 per cent and agriculture for just 2 per cent.

A holistic vision

Malta is establishing itself as the number one knowledge-based economy in the Mediterranean region. ICT, life sciences, education and financial services are only some of the areas the country is targeting and which have successfully reshaped Malta’s economic landscape in recent years.

Aiming for more

The development of the finance sector is part of long-term economic plans to increase its contribution to GDP from the current 12 per cent to 25 per cent in the coming years.

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