subsidiaries

Malta has a well-evolved financial sector which has contributed to its robust economy over the years. This modernized financial technology business sector, is a product of the country’s proficient labor force and cutting edge IT systems. There has been a tremendous growth of the financial business since its birth in 2010 evidenced by a remarkable growth of 67% in only six years! The first quarter of 2016, marked a staggering 5.3 billion dollars’ worth of the Maltese financial technology businesses. 

For any investors contemplating expanding into a new market, the pros and cons of establishing a branch or foreign subsidiary will depend on the business benefits as well as the economical and regulatory environment of that particular country. Opening a subsidiary in a foreign land can bring substantial results, such as the expansion of your brand recognition, opening access to new markets and utilizing efficient production processes to manage expenses.
 

Multinational companies and native entities looking to establish an eatery-based enterprise in Malta are spoilt with a large variety of aesthetic and tourist-friendly locations. Entrepreneurs planning to delve into this lucrative industry can pick one of the following closely related commercial variants to conduct business activities. 

Technology is impacting every industry and the banking sector is no exception. One of the most innovative developments so far is digital currency — popularly known as a cryptocurrency. Digital money solutions are increasingly gaining a lot of popularity especially when it comes to online transactions. They are also a very lucrative business venture to invest in — especially in a digitally savvy country like Malta.
 

Quite often most people confuse branches for subsidiaries and vice versa. A branch office in Malta is simply an extension of the parent company—therefore each and every part of its activity is governed by the parent company. On the other hand, a subsidiary is an independent entity that has the right to make its own decisions.
 

Registering for tax in Malta is no different from other countries and it actually comes with a number of benefits. Every business operating in Malta is mandated to register for tax with the Department of Inland Revenue in Malta in order to legally operate on the market. To be recognized as a taxpayer, you should obtain a Maltese PE number, which is also issued out by the department of inland revenue. This will allow you to legally retain and pay taxes for both your company and for your employees.