Why Malta is the Ideal Location for Your Startup: Key Factors, Support Services, and Growth Opportunities
When considering a country to set up a new startup, it’s important to study many factors such as the economy of the country, the cost of living, availability of local talent, the IT infrastructure, availability of accommodation options, taxation, education, languages spoken, and health, amongst others.
Malta has all of this to offer, in addition to the most important factors for the startup being, company registration services and government support services specifically designed for startups.
Company Registration
Businesses in Malta can operate under various structures, with most entrepreneurs opting for a Limited Liability Company. Every company registered in Malta must have a registered office within the country and submit a valid Memorandum and Articles of Association. Companies and partnerships are registered with the Malta Business Registry (MBR).
Support Services
Malta Enterprise and Business First offer support to start-ups, helping startups navigate the legal and banking systems. They provide support services that guide start-ups through their inception, scaling, and further growth stages. Specifically at Malta Enterprise, each start-up is assigned a dedicated relationship manager who connects startups with various support schemes they can qualify for. Malta Enterprise also facilitates introductions to other government bodies and can help start-ups connect with the finance and education sectors, as well as with corporate service providers, office spaces, and industrial facilities.
Business Incubation Centre
To support the formation and growth of startups, Malta Enterprise manages two key Business Incubation Centre facilities: the Malta Life Sciences Park and the Kordin Business Incubation Centre (KBIC). The Malta Life Sciences Park includes two buildings the Malta Life Sciences Centre and the Malta Digital Hub and is supported by prominent local stakeholders, hosting tenants in the diverse life sciences sector. KBIC caters to tech companies and others needing industrial facilities, offering up to three years of access. Additionally, the Maltese Government operates the Gozo Innovation Hub, providing space for start-ups in the knowledge-based economy and digital innovation sectors.
Fairwinds Management as your Corporate Services Provider
Thanks to this, Malta has become a hotspot for startup companies and positioned itself as a key player and here at Fairwinds Management, our team is prepped to assist from the very first step on company formation, assisting you with setting up the best structure for your business. Our consultants are committed to helping you transform your start-up into a thriving business. We offer expertise and support at every stage, from building a strong business foundation to creating financial projections and securing funding through venture capital, private investors, crowdfunding, and government grants.
With extensive experience supporting both small and large businesses across diverse industries, we bring the knowledge and insight to help your start-up succeed. Our objective financial perspectives and expert guidance are designed to lead you through the complexities of the business cycle, especially during crucial growth phases. Contact Fairwinds Management today to start your journey toward success in Malta. Together, we can bring your entrepreneurial vision to life and contribute to the vibrant start-up community Malta is becoming known for.
By partnering with Fairwinds Management, you gain access to a complete suite of services and expert support tailored to navigate the challenges of launching and scaling a start-up. Let us help you create lasting impact and drive your start-up’s success in Malta’s dynamic business landscape. Reach out to us today for a consultation on info@fairwindsmanagement.net or on +356 2704 0903.
Fairwinds Management Limited is a MFSA licensed firm offering Business Solutions in Malta. As part of our services, we offer Accounting, Administration, Corporate and Legal solutions. Fairwinds Management also manages the brand Accounting Services. More information about us and our key services please visit our website. You may reach Fairwinds Management on +356 2704 0903 or info@fairwindsmanagement.net.
Article written by Ms Charlene Sciberras, B.A. (Hons), guest writer, a marketing and business administration specialist with a special focus on corporate, accounting, and legal matters.
