Thriving Sectors in Malta
Providing stability and safety as one of the leading jurisdictions, Malta’s economy has thrived since its accession to the European Union. A number of different industries have established and built a solid reputation within Malta.
This has resulted in major economic successes enjoyed by both locals and also expatriates who chose Malta as a place to invest in. This has been complemented by excellent levels of Foreign Direct Investment.
A diversified economy with predominant industries such as Gaming, Tourism, Financial Services, ICT and Banking alongside other growing industries such as the Film industry continue to expand the horizons of those willing to invest in Malta. The relatively cost efficient procedures, the highly talented work force and Malta being an EU member are significant drivers for these sectors.
The property sector continues to thrive, with a great demand for housing from both locals and international clients. A number of property companies both for purchase and also letting have established themselves and contribute substantially to Malta’s Economic development.
Gaming companies which target numerous international markets continue to expand their operations in Malta due to the country’s business framework. ICT companies which provide effective software and solutions to organisations have also recognised the benefits of establishing offices in Malta.
The tourism sector composed of a number of hotels and travelling agencies continue to reach higher levels of business growth. This can be seen by the recent investment by reputable hotels such as the major Corinthia project in which a new six star hotel shall be launched. Other notable investments include the Intercontinental hotel’s recent refurbishment. This is also the case with the Hilton Hotel which will be implementing ambitious refurbishment plans in the near future.
Malta is a forward thinking and pro-business jurisdiction. It offers a high standard of living coupled with political and socio economic stability. The Financial Services sector continues to report significant success. The political consensus with regards Financial Services provides stability and further room for growth.
Malta’s regulatory bodies, the Malta Financial Services Authority – MFSA, and the Malta Gaming Authority – MGA, create a collaborative framework in which firm regulation is set after careful consideration of industry growth. Malta is well served by scheduled carriers, considering its strategic and convenient location in the Mediterranean. Malta’s Tax structure is ratified by the EU and it is one of the few countries in the world with a full imputation system of taxation.
ARQ Group avails itself to numerous businesses that wish to expand its operations through reliable financial services. ARQ Group’s focus on integration and specialisation provides tailor made solutions for profitability for business operating in different industries.
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David is a Chartered Accountant and a Fellow of the Association of Chartered Certified Accounta... More
A lawyer by profession, Dr. Christian Farrugia is one of the founding and co-managing partners ... More