Compared to other EU Jurisdictions, Malta offers very competitive rates for office space. Costs for commercial space in prestigious, up-market developments cost approximately €300 to €400 per square metre per annum. The going prices for mid-market office space in good areas are of approximately €60 to €100 per square metre per annum.
Nonetheless, the aforesaid prices may be unreachable for small or medium sized enterprises wishing to enhance their presence in Malta. Furthermore, it is likely, even for larger businesses, to adopt a cautious approach at first, assessing their potential monetary returns prior to committing themselves to the acquisition or rental of an office space.
A workable, cost-effective solution is the provision of virtual office facilities, whereby for a fraction of the cost of rental or acquisition of an office, businesses may benefit from essential office facilities, such as telephony, facsimile, mail-forwarding services, video-conferencing, e-mail domain registration etc; Virtual offices have a number of benefits. Apart from the the logistic advantage of having access to professional office equipment, the cornerstone for the seamless execution of any business, the major incentive for virtual offices is driven by fiscal considerations.
Virtual offices bolster the notion that the effective management and control of a company is being exercised in and from Malta. As a general precept, companies registered in Malta shall be deemed to be tax resident in Malta. However companies, particularly those with non-Maltese directors, may be probed by foreign fiscal authorities not to be effectively managed and controlled in Malta. Virtual offices provide clout, substance and presence requirements and may be important for tax planning reasons.
Focus Business Services can assist you in any tax advice and can provide you virtual offices in Malta at competitive prices. For clients wishing to use a Cyprus company, we offer totally unbranded serviced office space in one of the top areas in Nicosia.
Contact us for a free quotation for virtual office services. Simply fill in the contact box below or contact us by email on firstname.lastname@example.org or by calling at +356 2338 1500
We are committed to providing you with a swift solution best suited to your needs.