After successfully settling in Malta, one of the non-negotiable things you will need is a bank account. A local bank account will make it convenient for you to receive your salary if you are working, pay bills, pay medical care among other activities.
Britain’s exit from the EU overshadowed a cloud of uncertainty over the future of many businesses and companies in several European states. This monumental event disrupted many business operations. While and Maltese businesses weren't an exception, their future is better promising compared to other EU countries. As you scout for potential relocation sites, Malta undoubtedly occupies the top of the options list.
Although over the years business ownership trends have evolved significantly, there is no doubt that worldwide a significant portion of businesses is still owned by families, who pass on their business down from one generation to the next as a family legacy. Family owned businesses have significantly contributed to a sizeable portion of employment in the EU’s private sector. Recognition of family businesses as significant proprietors in the business world has been profoundly underwhelming in the EU and its member states.
Although over the years business ownership trends have evolved significantly, there is no doubt that worldwide a significant portion of businesses is still owned by families, who pass on their business down from one generation to the next as a family legacy. Family owned businesses have significantly contributed to a sizeable portion of employment in the EU’s private sector. Recognition of family businesses as significant proprietors in the business world has been profoundly underwhelming in the EU and its member states.
Malta is home to a large variety of financial institutions drawn to its competitive attributes amongst other business hubs. More and more Captive Insurance companies are establishing themselves in Malta to take advantage of the edge it gives them in European operations and on a global scale.
Digitization is changing everything and the manufacturing industry is no exception. Malta’s manufacturing industry is at the forefront of the 4th industrial revolution—the nation is one of the few countries that have effectively embraced Smart Manufacturing. The future of the manufacturing industry in Malta is even brighter, with cost-saving and efficient practices being put into place.
