Advertisement Feature
Interview with Malta Enterprise CEO, Kurt Farrugia
What are the benefits of doing business in Malta? Malta offers a very comprehensive legislative framework for companies to operate making it straightforward for businesses to set-up and implement their projects. There are added benefits for British businesses including the fact that business is done in English language, traditional ties to the UK and Malta’s Commonwealth membership along with EU membership. Also, Malta has good communication links and,
given its geographical position, is a useful springboard for anyone wanting to trade with Africa and the Middle East.
What do you think the opportunities will be after Brexit for business between Malta and the UK? We have a number of British-owned businesses operating here in Malta. It has proved a successful base for them and the country has an added attraction in terms of being a member of the EU. Malta has very strong ties with the UK. We envisage that these ties will remain as strong as ever. While not many British companies would want the
upheaval of moving jurisdiction there can be an advantage in setting up a base in Malta. Co-location can add a useful dimension, not just
during the period of Brexit uncertainty but in terms of allowing for growth in the medium to long term.
What sectors offer the most opportunities in Malta? Malta offers an opportunity to act as a regional EMEA hub. Malta has regulated a number of niche and growing sectors including medical cannabis and DLT while we’re in the process of regulating AI. ME’s aim is to create a whole ecosystem to support these industries. Besides these regulated industries, other industries such as medical devices manufacturing, pharmaceutical, aviation, digital industry and precision engineering are also sectors which offer very good opportunities.
48 CHAMBERLINK February 2020
“Malta has very strong ties with the UK. We envisage that these ties will remain as strong as ever.”
How does Malta’s geographic location benefit businesses? Malta is strategically located in the middle of the Mediterranean. It is the ideal place to be for businesses looking to reach the European as well as the African and Middle Eastern markets. Apart from the advantageous geographical location,
Malta has historical ties with a number of countries within the EMEA region and thus very good business relationships.
Why do you think Malta is one of the fastest growing economies in the EU? Given our size, we are able to get quicker access to decision makers and legislate faster. This gives us a competitive edge over other countries. Our people are also very hard working and flexible to
adapt to change thus companies are able to turnaround challenges faster. Through our pro-active approach we take lead in
developing new sectors while ensuring we reinforce existing industries in Malta.
What’s the potential for British products in Malta? Malta provides British products easier access and pass porting rights to the EU market. The Maltese market is inherently small thus we have
traditionally attracted export oriented companies interested in keeping a foothold in the EU market and the nearby markets of Africa and the Middle East.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104
