Ease Of Doing Business

Addressing Bureaucracy

• Expand the '‘One-Stop-Shop for Business - Business 1st'’ to facilitate any type of business & for further interactions between businesses & Government to be done digitally.

  • Functionality. The digital system should make it possible to;

    • Automate and simplify financial & data reporting;

    • Update and amend Shareholder records;

    • Handle fees & tax-related affairs, such as Corporate Tax, Value Added Tax and More

  • Accessibility. The registry should be accessible to all business types based and headquartered in Malta, including but not limited to;

    • Limited Liability Companies;

    • Partnerships;

    • Cooperatives;

    • More.

  • Scope. Ensure it can facilitate various business directions.

    • Cross-border business operations & strategies across the European Single Market & World,

    • Entrepreneurs with multiple start-ups & businesses.

  • Scale. Ensure it is equipped to support SMEs and start-ups among other business models.

    • Navigating legal requirements,

    • Venture capitalist and network access,

    • Incubators.

• Registration Process

  • Reduce all costs to start a business of any type to €1.

    • Ensure any additional costs (licences etc) to operate the business across Europe do not exceed  €1,000.

  • Unleash Self-Employment/ Freelancers.

    • Ensure that a Self-Employed individual can locate and submit all documents required within a day, and can start working the following day.

      • Exceptions exist where specific licences are required (e.g food handling), which should be obtainable within as short a period as possible without loss of quality.

    • Ensure that the online platform to register is user friendly.

    • Ensure that the same online platform can be used by Maltese citizens, non-Maltese EU citizens and third-country nationals with residence or work permits.

  • Unleash Micro-Enterprises

    • Micro-Enterprises should be able to register and commence completely paperless & within 3 days.

      • Exceptions exist where specific licences are required (e.g food handling), which should be obtainable within as short a period as possible without loss of quality.

Encouraging Growth

• Create a Business Incubator Network. Interlink Malta’s public & private incubators, to support start-ups with a wide array of information, options and tools. 

  • Foster diverse private incubators.

    • Tax-reduction incentives for advisory roles to start-ups.

      • Performance-based incentive.

    • Tax-reduction incentives for businesses making use of private incubators.

      • Participation-based incentive.

  • Create a private-public incubator to facilitate European expansion. This would exist for established companies in Malta which primarily operate in Malta (75% + of revenues), to accelerate their European Expansion.

• Create an accredited Angel Investors & Venture Capital Firms Network. To ensure funding from highly experienced sources who have a strong familiarity with Malta’s and/or European Single Market business landscape.

• Facilitate the creation of Venture Capital Firms.

  • Reduced Capital Gains tax on investments in Malta-based companies

• Create Tax-Incentives for new SMEs for up to 3 years if they continuously create jobs or re-invest surplus.

• Create incentives for Employee Stock Options.