Malta Company and Brexit Opportunities

Malta Company and Brexit opportunities

As the deadline set for the UK to leave the EU fast approaches and talks between EU and UK officials drag on, Malta continues to present itself as an attractive co-location jurisdiction for UK companies wanting to keep a foothold in the European Union.

UK based companies with interest in the European market and which currently passport their services through their UK operation are looking at opening new offices in Malta from where to be able to continue their European business. As large UK multinational companies would probably already be operating from multiple offices across the EU, Malta is undertaking several initiatives in the UK to provide information to the various medium sized players in the financial services industry in order to assist them in setting up their Malta branches. Such an arrangement allows these firms to passport their services to all other EU member states. Malta Company and Brexit opportunities – both the Malta Chamber of Commerce as well as the Malta Enterprise have had numerous discussions with UK-based companies involved in asset management, insurance, aviation, digital media and remote gaming amongst others, in view of promoting Malta as an ideal co-location partner.

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Malta is especially attractive to UK based companies not only due to the long historical relationship between the two but also due to the island being one of the few English speaking European countries. The Mediterranean island already boasts a healthy financial services sector due to its highly skilled workforce, an efficient and attractive regulatory and legislative framework, a solid reputation and a stable macro-economic climate. As a result, the number of local and foreign company registrations in Malta has continued to increase, with 9,234 new incorporations in 2018 alone.

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