Malta has received international recognition for its stable and comprehensive regulatory framework in line with EU practice. Having joined the European Union in 2004, it adheres strictly to EU anti-money-laundering, insider-dealing and professional-secrecy laws, and its frameworks are aimed at attracting only international businesses of repute. Malta’s adoption of the euro on 1 January 2008 has added further stability and increased the ease of doing business across frontiers. The country’s legal system is rooted both in the Anglo-Saxon common-law tradition and the Continental European Napoleonic/Justinian code. Malta’s corporate law is firmly based on British models. It allows for a variety of structures, giving the investor considerable flexibility within a well-regulated framework.
Investment Promotion Agency
Malta Enterprise (www.maltaentreprise.com) is the investment promotion agency and guides companies through the entire setting-up process, from coordinating incentives and organising premises, to facilitating contacts with other institutions. Malta also offers ‘Business First’ (www.businessfirst.com.mt), a one-stop-shop for local businesses and foreign investors wishing to establish operations on the island.
Additionally, Malta has set up a number of sector-specific promotion agencies.
FinanceMalta (www.financemalta.org) is a non-profit public-private foundation set up to promote Malta’s international Business & Financial Centre, both within and outside of Malta. It brings together and harnesses the resources of the industry and government, to ensure Malta maintains a modern and effective legal, regulatory and fiscal framework in which the financial services sector can continue to grow and prosper.
Trade Malta (www.trademalta.org) is a public-private partnership formed between the Government of Malta and the Malta Chamber of Commerce, Enterprise and Industry. The organisation is an executive agency dedicated to supporting Malta-based businesses to reach international markets with their products and services.
Gaming Malta (www.gamingmalta.org) is an independent non-profit foundation set up by the Government of Malta and the Maltese Gaming Authority (MGA). Tasked with promoting Malta as a Centre of excellence in the remote gaming sector globally, it is also responsible for liaising with the local relevant authorities to improve Malta’s attractiveness as a jurisdiction and enhance the ecosystem surrounding the gaming industry.
Malta Marittima (www.maltamarittima.org.mt) is a Government of Malta agency whose main objectives is to bring industry and government stakeholders together in order to focus and promote the continued and enhanced development of the marine and maritime industries in the Maltese Islands.
In addition to the above, the following promotional bodies have been established: Yachting Malta, Education Malta, Property Malta, ICT Malta and Conventions Malta.