Benefits of Relocating Your Business to Malta

Why do business in Malta? Malta offers so many benefits to foreigners who decide to relocate their business to the islands. Thanks to the numerous commercial property like offices, warehouses, and shops available, Malta is becoming an ever-popular country in this regard. 

Investment destination

Malta is the ideal investment destination for any business. Being an idyllic investment destination, Malta has increasingly attracted foreigners to consider relocating their commercial premises to this tiny Mediterranean island. Thanks to this blog, here are some benefits of relocating your business including any commercial property to Malta. 

What to consider?

Here are some considerations prior to relocating your business to the Maltese islands:

1. Eurozone member

Consider that Malta is a member of the European Union and part of the Eurozone, with the local economy being based on the Euro. This will definitely alleviate any foreign exchange issues for those companies which also operate within the European Union.

2. Malta International Airport

Malta has flights departing and arriving at the Malta International Airport from key capital cities, ranging from Berlin to Milan to Algiers, Moscow or Dubai amongst others. Not only does Malta boast its own national airline, but its airport welcomes a host of major airlines including low-cost ones.

3. Shipping and furnishing

Shipping machinery, equipment or furnishings from your country to Malta is possible and easily organised thanks to a number of efficient and experienced professional companies which operate locally purposely in this sector.

If you decide to furnish your office in Malta or any type of commercial property with new fittings and equipment, you can rest assured that Malta can cater for all or most requirements since business is high on the local agenda.

4. The Malta Enterprise

The Malta Enterprise is a purposely created institution which sustains and assists newly formed or established businesses operating on the Maltese islands, like aspiring businesses, to start operating profitably from day one. 

A series of beneficial incentives exist to all foreign investors, small to medium-sized enterprises and to mega business set-ups. Some interesting support measures include Micro Invest, Business Advisory Services, Business Development Grant Schemes, Business START and more.

5. Traffic in Malta

The Maltese islands are small. This means there are short distances to travel. However, the road network is very dense and short distances are deceptive since traffic can be heavy at times, causing delays. 

It would be wise to set up your office or any type of commercial property close to where your staff members will be allocated to save on commuting time and expenses. For those wishing to set up an office on the smaller island of Gozo, the Malta Enterprise has also created a Gozo Transport Grant Scheme to reduce inter-island transport costs of manufacturing undertakings.

6. IT corporations in Malta

Locally, the IT segment is very strong, therefore bringing a company which depends on IT to Malta is a win-win situation. Indeed, many smaller companies which operate via the internet, also relocate to Malta. A case in point is the number of foreign betting companies which have set up a call centre locally.

7. Malta languages

The Maltese are generally polyglots, speaking at least two languages. Everybody understands English, most speak it as fluently as a first language. Italian, French, German and Spanish follow.

8. RE/MAX Commercial agents

Finding the right commercial premises in Malta for your offices can be easily tackled thanks to RE/MAX Commercial’s experienced team of agents. Our agents are specifically trained to deal with businessmen looking for such premises and assist in finding you the commercial property to rent or buy. It can also assist in picking out suitable lodging for your employees, rentable on a short or long-term basis.

9. Business legal procedures

There are a number of leading law firms based in Malta that may advise on legal business start-up procedures for foreigners. The registration process is not long or complicated if you get the right guidance to lead you through the paperwork. Learn more about commercial property classes and permits.

10. 4 and 5-star hotels

Malta has some of the most known 5-star hotel brands thus when visitors come over on business or leisure you will be able to provide red carpet treatment. Of course, 3 and 4-star hotels are also in abundance.

11. Salaries and skill gap

Salaries are still relatively low compared to major cities whereas the skill set is at par or even higher. The Maltese Government together with the Department of Education has created new courses through institutions such as MCAST and the University of Malta to accommodate for the skill gap so that the Maltese may excel in new roles within different Industries.

Malta and commercial property

Malta has proved to be a major hub which offers adequate infrastructure with the fiscal advantages to entice you to move and find a property in Malta not to mention the right mix of foreign and local human capital that will ensure that your business will kick off and flourish.

Several well-known businesses have taken the plunge and haven’t looked back, consistently growing their business whilst Malta has continued to accommodate their requirements of office space, employment and accommodation.