Malta’s Business Culture
Malta’s history of serving as a commerce and trading hub for foreign rulers throughout the centuries has perhaps donated Malta and the Maltese an inherited gene and propensity for discussing and doing business. Inevitably marked by the legacy of 150-year long British rule, traditional British ways are still very much evident in the Maltese way of conducting official business.
Business introductions in Malta are often characterised as formal, requiring the appropriate attire and the other party is addressed by their title and surname on the first meeting. From then onwards, after business cards and details have been exchanged and a working relationship established often over coffee or a light meal, introductory formalities are quickly set aside.
Generally, business hours coincide with what are deemed to be standard office hours in Malta, usually Monday to Friday between 8am and 5pm and sometimes Saturdays between 8am and 12pm. The capital of Valletta and Sliema and St. Julian’s nearby are the areas where most of Malta’s commercial and business activity is centered. These areas are easily accessible and well-supported with all modern-day facilities and amenities.
Despite being an island, Malta is highly accessible via both sea and air transport links to main and subsidiary airports in mainland Europe and North Africa. Regular and frequent flights to and from Malta are operated by numerous airlines that make use of Malta International Airport.
In addition, the island’s small size is convenient for short commuting times from all locations across the island. Other than public buses servicing routes across the island, numerous transport companies offer immediate, 24-hour transportation services to any location in Malta, particularly upon arrival at the airport.
The fact that English and even Italian are widely spoken alleviates any possible language barriers and makes it very easy to communicate with the local population. Furthermore, many Maltese have a good grasp of French, German, Spanish and other languages.
Relocating your Business to Malta
An increasing number of foreign investors are choosing to set up or relocate their business to Malta due to highly advantageous tax, fiscal and social benefits and because of the distinctive lifestyle that the island can offer.
Furthermore, Malta’s service industries, particularly the financial services sector, are consistently emerging as very strong, facilitating and adding value to the whole process of conducting business in Malta. A trained and highly motivated work force and relatively low costs of labour also make Malta an ideal location of choice in this respect.
In our dealings with CSB Group for over 10 years, we have found every member of the staff and leadership team to be wholly and completely knowledgeable and professional when doing business in, and from Malta.
Liberation Group Holdings | Rhett Groom, Director