Benefits of setting up a business in Malta – FAQ

Many see Malta as the next big opportunity after the UK leaves the EU. That is why we want to explain what the benefits setting up a business in Malta. The country will keep strong ties to the UK, maintain in the Commonwealth but it is also part of the European Union. Moreover, after Ireland, it is one of the few countries in the EU that has English as one of their official languages. Furthermore, Malta is known as an innovative country that favors businesses and offers new opportunities. We strongly encourage that and see Malta as an excellent gateway for British firms and entrepreneurs to stay in the EU with one foot.

We also know that opening a business in a new place or moving your business to a new location comes with many questions. That is why we decided to do a little Q&A and provide some answers for your most pressing questions. Did I miss out on something? Alternatively, do you have any specific questions do not hesitate to contact us or leave a comment?

How time and cost-intensive is opening a business in Malta?

Once you have all your papers in order and your application is ready, it takes about two weeks to register a company in Malta. Of course, the process of acquiring licenses or special permissions might take a bit longer than the registration process. One of the benefits of setting up a business in Malta compared to other countries is its cost of opening.. For more information here.

Benefits Setting up a Business in Malta
Meeting of our team with client

How high are the taxes for my business?

Anothers benefits of setting up a business in Malta is that you have interesting plans for business taxes. Actual rates depend on the nature of your business and your business setup. There are many plans on how you can reduce your taxes and your business can benefit from being registered on the island. Feel free to contact us for more information.

Do I have to be in Malta to open my company?

It is not required that you are on the island for the registration process. You can issue a power of attorney to your representative, and they can take care of that for you. Reach out for our rates and plans of representation.

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Does my business need to have an address in Malta?

Yes, this is essential for opening a company on the island or for moving a business here. However, there are options if you do not need a lot of office space, like coworking centres or shared offices and other solutions in case you do not need any physical space at all. We can assist you with that and help to find the best solution for your needs.

My business need to have an address in Malta - Office
My business need to have an address in Malta – Office

Which company category is the best for my business?

In Malta, there is a wide range of businesses you can register. They range from self-employed over partnerships to Limited Liability. Which model is the best for you depends on the structure, income, and field of your business. We are happy to assist you with the process of finding the best category for you. Just send us a brief email.

 

Can I open a subsidiary or a branch in Malta?

Of course, anothers benefits of setting up a business in Malta you have the option to open a branch for an existing company in Malta. If this is the best way for your business depends on the field and your company. The process of opening a limited subsidiary liability in Malta is also connected to double taxation benefits.

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Where and how to find employees for my business?

The job search can be started even before relocating to the island, and many companies also provide relocation packages for their employees. If you want to start your own business in Malta and eventually employ people yourself, you can take advantage of the same websites and tools for your recruitment. There are several ways to find a suitable job in Malta. One is, for example, the recruitment tool provided by the government organization Job Plus.

However, other websites facilitate the job search in Malta. Some of the most popular ones are:

A favorite way to find a job in Malta is also via Facebook groups and listings on the platform. Of course, you can even get in touch with companies directly and use pitching to find a job in Malta. If you want to know more, check out our guide. As there is a lot of immigration in the country, it has a trained and qualified workforce, therefore, we believe that it is another of the benefits setting up a business in Malta.

Any other questions? Please help us to expand this list and leave us your questions in the comments or contact us directly.

We can assist with all the details like registering, obtaining a Tax number, and other details connected to the topic. We will make the process as most comfortable as possible for you.

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Sources

  1. https://www.keepmeposted.com.mt/
  2. https://jobsinmalta.com/
  3. https://www.maltapark.com/jobs
  4. https://jobs.justlanded.com/en/Malta
  5. https://www.blueconsulting.eu/blog/how-to-find-a-job-in-malta/
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