Gulf Business - MALTA by Motivate Media Group

MALTA

October 2024 Supplement - Distributed with

Invest in Malta

YOUR MEDITERRANEAN GATEWAY TO EU

Offering a delightful blend of sunny Mediterranean living, a dynamic economy, and a welcoming community, combined with attractive residency programs, excellent schools, and high-quality healthcare, Malta is an ideal place to live, work, study, or retire. Discover why this safe and convenient island is becoming a top choice for expatriates and investors alike.

Surface area: 316 km2

Capital city: Valletta

English and Maltese

Independence: 1964

EU Member: Since 2004 Member of Commonwealth

Currency: Euro €

Population: 535 900 (January 2024) Republic: 1974

ENCHANTING CLIMATE & LIFESTYLE

Malta’s enviable Mediterranean climate is one of its most compelling attractions. With over 300 days of sunshine annually, the island is perfect for an outdoor-centric lifestyle surrounded by historical landmarks and pristine coastline. Malta’s relaxed and friendly atmosphere makes it inviting for families. Its compact size fosters a sense of community and safety that is hard to match.

THRIVING ECONOMY AND BUSINESS OPPORTUNITIES

Malta’s robust and diversified economy is a major draw for investors, entrepreneurs and businesses alike. The island has become a hub for disruptive industries such as fintech, blockchain, AI or iGaming. Its strategic location facilitates business operations across Europe, North Africa, and the Middle East. The supportive business environment and favorable tax regime make it an ideal base.

ATTRACTIVE RESIDENCY AND CITIZENSHIP PROGRAMS

Malta’s residency and citizenship programs are among the most appealing for non-EU citizens. These programs provide

Malta’s residency and citizenship programs are among the most appealing for non-EU citizens. These programs provide significant

significant benefits, including visa-free travel within the Schengen Zone, an invaluable perk for frequent travelers. The ease and efficiency of these programs add to Malta’s attractiveness as a relocation destination.

benefits, including visa-free travel within the Schengen Zone, an invaluable perk for frequent travelers. The ease and efficiency of these programs add to Malta’s attractiveness as a relocation destination.

PREMIER EDUCATION SYSTEM

Malta’s education system is renowned for its high standards and diverse offerings. The island hosts numerous international schools providing globally recognized curricula, including the International Baccalaureate (IB) and British A-levels. These institutions offer a multicultural environment, fostering inclusivity and global-mindedness among students.

QUALITY HEALTHCARE SERVICES

Malta boasts a high-quality healthcare system providing comprehensive medical services for residents. Both public and private facilities are equipped with the latest technologies. Maltese healthcare professionals are highly trained, and the system ranks among the best in Europe. Healthcare services are accessible and affordable for all.

Tourism: History & luxury all year round

Malta-GCC: Strengthening ties and opportunities

Malta IFC: Leading hub for ﬁnancial services

Residency & Citizenship: Your open door to EU

Property Investment: Growth & Opportunities

Energy: Malta’s journey towards sustainability

Tech & Innovation: Malta at the forefront

Educational Excellence: Malta’s success story

Healthcare Haven: Tradition meets innovation

Pharma: Malta as pioneering force in the industry

Mobility Elite Summit: 2025’s premier international event coming up

AUGMENTED REALITY

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YAKOF AGIUS

Malta,s Tourism Transformation

Strategic Vision and Sustainable Growth

“Malta should be at the top of your travel list. Whether you’re escaping the summer heat or seeking a unique cultural experience, Malta is a holistic and beautiful destination. From historical sites and natural beauty to sports, culture, and gastronomy, Malta has something for everyone. It’s a compact country with diverse attractions, making it easy to explore and enjoy.”

You were appointed as Tourism Minister during a challenging time, mid-pandemic. What were your initial steps and vision for Malta’s tourism sector?

I took office in November 2020, during the peak of the COVID-19 pandemic when tourism had virtually stopped. With the sector accounting for 25% of our GDP, jumpstarting recovery was crucial, but we couldn’t lose sight of long-term resilience. So we developed a detailed action plan aiming at not only restore, but also strengthen our tourism sector. That meant plotting our recovery measures, as well as formulating a 10-year roadmap centered on economic, environmental and social sustainability. We had to revive tourism and future-proof it.

Connectivity seems to have been a critical part of your recovery plan. Can you elaborate on that?

Absolutely - with 99% of visitors arriving by air, restoring flight connectivity was critical. We worked closely with airlines to steadily regain and expand service, driving a gradual uptick in arrivals, keeping in mind our sustainability vision. Ensuring that our recovery wasn’t just about numbers but also about long-term viability across economic, environmental, and social dimensions.

Clayton Bartolo, Minister for Tourism

What pillars anchor the 10-year tourism strategy?

We have three core pillars: recovery, rethinking and rejuvenating. We can consider the Recovery phase to be well and truly completed, with 2023 breaking records in arrivals, guest nights and tourist spending. We are now at the rethinking stage, which aims at prioritizing quality over quantity. Our goal is to attract higherspending visitors and distribute tourist numbers more evenly throughout the year.

How is Malta diversifying its tourism offerings to attract visitors year-round?

We are developing various tourism niches to boost off-peak travel. We’ve had a lot of success with sports tourism, hosting diverse types of international events in cycling, swimming, sailing and of course football, attracting both athletes and their families. Our partnerships with world-famous sports entities like Manchester United also a significantly contribute to putting Malta on the map. Malta as a sport destination. Additionally, we are investing in religious tourism, leveraging our rich heritage of 365 churches, and we’ve recently launched military tourism, capitalizing on Malta’s historical military sites.

Can you share some specific infrastructure projects aimed at enhancing Malta’s tourism appeal?

We are continually upgrading our infrastructure to improve tourist experience. We have undertaken major projects like the restoration of the emblematic Victory Square in Birgu, the redevelopment of the promenade in Mellieħa Bay, and significant road upgrades around the airport. These improvements will not only benefit tourists but also enhance the quality of life for local residents.

What efforts are being made to attract tourists from the UAE and GCC countries specifically?

The GCC market particularly valuing high-quality, our offer is becoming increasingly attractive for them, as we focus on luxury tourism. Our gastronomic landscape has been elevated by investments in several Michelin-starred restaurants. Our Hospitality staff follows specially designed training programs to cater for the high-end segment. We are also working on improving connectivity with more direct flights from the region. These efforts combined with our unique cultural and historical attractions, breathtaking landscape, crystal-clear waters and pleasant weather all-year round make us an attractive Mediterranean destination for Gulf travelers.

Carlo Micallef, CEO of Malta Tourism Authority

History & Luxury All Year Round

Under the leadership of CEO Carlo Micallef, the Malta Tourism Authority is making significant progress in establishing Malta as a desirable year-round destination for international travelers, particularly those from the middle East and GCC countries

TThe year 2023 was a landmark year for Malta’s tourism, reaching new heights as the Maltese Islands welcomed over three million tourists for the first time. Mr Micallef remarks, “This represents an increase of over 8% compared to the previous record set in 2019, with 2.75 million visitors before the pandemic.”

he year 2023 was a landmark year for Malta’s tourism, reaching new heights as the Maltese Islands welcomed over three million tourists for the first time. Mr Micallef remarks, “This represents an increase of over 8% compared to the previous record set in 2019, with 2.75 million visitors before the pandemic.”

While overall global tourism remains below prepandemic levels, at 88% of 2019’s figures, travel to Europe’s Mediterranean countries has seen a modest recovery, surpassing its past metrics by 1%, markedly less than Malta’s remarkable 8% increase. This achievement highlights Malta’s enduring appeal and the successful rebound of its tourism sector.

Mr. Micallef points out the changing demographic profile of tourists, noting a significant increase in visitors aged 25 to 45. These travelers are drawn to the diverse experiences Malta offers in a group of Islands with a land area of just 316 square kilometres. “Our range of offerings caters to those seeking varied experiences, from slow adventures and gastronomy delights, to city trips, arts, history, culture, and sports events,” he explains.

Highlighting what sets Malta apart from other Mediterranean destinations, Mr. Micallef focuses on the advantages of the Maltese Islands tourism product diversity and the convenience poised from the country’s small size. “As the EU’s smallest member state, we uniquely offer tourists a chance to enjoy days filled with diverse experiences. These range from pristine beaches to UNESCO Heritage sites, and from world-class shopping to dining in Michelin-starred restaurants. Additionally, our cultural events, music festivals, and sports events are all just minutes apart. This diversity makes us a multifaceted

holiday destination and a compelling choice for travelers seeking a blend of history and modern luxury.”

A primary goal for Malta is to enhance its allure to higher spending and enriching experience seeking tourists. “We are transitioning towards high-end tourism,” Mr. Micallef reveals. “Our active investment in high-quality infrastructure and efforts to attract luxury brands are aimed at elevating our offerings and catering to those willing to pay more for an exceptional experience in Malta. This strategy aligns with our vision of delivering premium experiences throughout the year.”

Discussing Malta’s year-round destination appeal, Mr. Micallef details the MTA’s initiatives. “Our efforts are focused on distributing tourist arrivals more evenly throughout the year to minimize the impact on our resources while ensuring a sustainable and highquality visitor experience. Our strategy encompasses diversifying attractions and concentrating more of our marketing efforts on attracting winter tourism, for leisure, Meetings & Incentives, festive markets and festivals as well as for sports events, training camps and tournaments. This approach is designed to appeal to both leisure and business travel, especially during the off peak months of the year. The results obtained in 2024 are extremely encouraging as tourism to the Maltese Islands has grown by a significant 30% in the first quarter months and by 18% until July, when compared to the numbers in 2023. ”

MTA’s strategies have consistently been successful in positioning Malta as a premier Mediterranean destination. “We are continually enhancing our product in terms of infrastructure, services, connectivity, entertainment, and cultural offerings. This generates opportunities for both local and foreign investors,” Mr. Micallef continues. “Our prime location in the heart of the Mediterranean and our extensive air-connectivity to major cities in Europe, North Africa, and the Middle East make us an attractive destination for a global audience. This includes not only tourists but also longer-term visitors like digital nomads and international investors looking to relocate,” he concludes.

Strengthening Malta-UAE Ties

50+ years of Collaboration and Growth

Malta and the UAE first established diplomatic ties back in 1973. Reflecting on this partnership, Minister for Foreign Affairs, Ian Borg, highlights key achievements over the past 51 years. “From securing significant investments in infrastructure to expanding our diplomatic presence and cultural exchanges, our partnership with the UAE has driven Malta’s economic and social development,” says Minister Borg.

“In 1998, when Emirates launched direct flights between Malta and Dubai - it vaulted our tourism and trade links with the Middle East, Asia and the rest of the World to new heights,” he continues.

Seeking closer ties, in recent decades Malta opened a Consulate-General in Dubai in 2003 followed by an Embassy in Abu Dhabi in 2021 to expand on-ground representation. “Having more diplomatic missions enables deeper bilateral engagement on political, cultural and commercial priorities,” Minister Borg explains. He proudly spotlights Malta’s milestone participation in Dubai’s Expo 2020 with its largestever national pavilion as showcasing their strengthened bonds.

The countries have also signed over sixteen bilateral agreements over the years facilitating cooperation ranging from maritime affairs to youth programs to e-governance partnerships.

“Each agreement represents another brick in the foundation of trust and understanding we’ve built,” says Borg. Cultural connections were also highlighted through Maltese art exhibitions held at the Sharjah Museum of Islamic Civilization and Abu Dhabi’s iconic Louvre.

Minister Borg outlines plans to encourage more two-way trade and investment with the UAE in high-growth sectors like tech, agriculture, renewables and financial services. He highlights Maltese companies already actively participating in major UAE trade fairs as a starting point to build on.

Beyond business, Malta also appreciates the UAE’s global leadership on pressing challenges like climate change. It eagerly supports UAE-led environmental efforts and looks forward to closer collaboration around shared sustainability goals with the UAE set to host COP28.

“Our 50-year Malta-UAE friendship serves as a model of what two small states can achieve when they come together in a spirit of trust, understanding and mutual support.” Minister Borg concludes.

The Malta Chamber of

Ian Borg, Minister for Foreign Affairs

Helga Mizzi, International Relations Advisor

Commerce

Bridging Malta and Gulf Business Opportunities

Malta is pursuing a number of strategies to attract businesses and investors from the UAE and the Gulf region. Helga Mizzi, International Relations Advisor at the Malta Chamber of Commerce, underlines the organization’s key role in this endeavor.

“The Malta Chamber, with a history of over 175 years, is a leader of Malta’s private sector, encompassing 75% of the country’s industrial exports and 80% of employment in the private sector,” Ms Mizzi states. “The size of our 2,000 members demonstrates the significance of the Chamber and the confidence that the business community has in it.”

The Malta Chamber has strong relationships with key counterparts in the Gulf region. “We have a consolidated outreach with several chambers in the region - including Qatar, Kuwait and Oman- and we have an agreement with the Ministry of Economy in the UAE and the Abu Dhabi Chamber since 2014. We also have signed a Strategic Partnership Agreement with the Dubai Chamber and an MoU with UAE’s Federation of Chambers of Commerce”

The Malta Chamber also facilitates business and trade exchanges through Malta’s Embassies in Abu Dhabi, Doha, Riyadh and Kuwait City. This is also done through a public private partnership with ‘Trade Malta’.

Ms Mizzi emphasizes multiple avenues for interaction between Maltese and Gulf companies. “Malta-based companies can engage UAE companies directly to offer products and services, and vice versa. UAE companies can leverage Malta’s position as an EU member with European standards,” she says.

Further, the country’s close proximity to North Africa offers attractive opportunities for Gulf investors looking to enter the African market, using Malta as a reliable springboard through its strategic position, into these regions.

The Chamber also has established structures through which it can assist businesses in establishing connections in the Gulf. “We support business promotion; joint activities; participation in fairs; trade missions; and symposia to share best practices.” Ms Mizzi concludes.

“Malta’s credentials are strong and we are willing to help Gulf investors to identify and harness such opportunities. We encourage UAE companies tovisit Malta and discover its potential for partnerships and expansion.”

Driving Economic Growth & Innovation

Hon. Silvio Schembri, Minister for the Economy, Enterprise and Strategic Projects highlights Malta’s opportunities for international businesses and investors

Several sectors in Malta offer significant growth and investment opportunities. With an emphasis on sustainability and climate change mitigation, the renewable energy sector provides attractive returns through solar, wind, hydroelectric, and biomass energy projects. The healthcare, biotechnology, and life sciences sectors are expanding, fueled by advances in medical research and digital health technologies, offering opportunities in pharmaceuticals, medical devices, telemedicine, and healthcare IT solutions. Fintech innovations are reshaping financial services, introducing new possibilities in digital banking, mobile payments, peer-to-peer lending, robo-advisory services, and blockchain-based financial solutions.

Artificial intelligence (AI) and machine learning are transforming industries such as healthcare, finance, manufacturing, and logistics, providing investment opportunities in AI-driven software platforms, predictive analytics, automation solutions, and autonomous systems. As sustainability gains priority, clean technology

solutions, waste management, water treatment, air pollution control, and sustainable infrastructure projects show promising prospects. The education technology sector is growing, driven by online learning, digital skills development, and lifelong learning initiatives, enhancing education and human capital formation.

Malta’s gaming industry thrives, backed by a robust regulatory framework and favorable tax regime, drawing investments in online gaming, esports, and game development. Foreign investors can leverage Malta’s expertise and resources to explore joint ventures, partnerships, and investment opportunities that align with their strategic objectives. A primary strategy to attract foreign direct investment (FDI) includes co-location, enabling Arab Gulf companies to establish a presence in Malta and access the EU market. Malta’s strategic position, EU membership, and favorable tax regime, along with incentives like targeting investments from Sovereign Wealth Funds such as the Public Investment Fund of Saudi Arabia and Abu Dhabi’s Mubadala, offer projects with an ROI of 10% or more. Malta is dedicated to fostering an ecosystem conducive to innovation and investment. We encourage Gulf investors to consider the diverse opportunities Malta presents.

Malta Enterprise – Your Gateway to European Success

A welcome message from CEO Kurt Farrugia

As the CEO of Malta Enterprise, I am delighted to extend a warm invitation to international companies and entrepreneurs considering Malta as their European base. Malta’s strategic location at the crossroads of Europe, Africa, and the Middle East, coupled with our robust economic environment, makes it an ideal choice for businesses looking to expand and thrive in Europe.

Malta offers a unique blend of advantages that cater to the needs of modern enterprises. Our business-friendly regulatory framework, competitive tax regime, and highquality infrastructure provide a solid foundation for success. English, being an official language, ensures seamless communication and operations for international businesses. Moreover, our highly skilled and multilingual workforce is ready to meet the demands of diverse industries.

One of the key initiatives that exemplify Malta’s commitment to fostering innovation and entrepreneurship is the Malta Start-up Residence Programme. This

programme offers an attractive package for start-ups, including a three-year residence permit, with the possibility of extension, designed to support and nurture young enterprises. By choosing Malta, start-ups gain access to a dynamic ecosystem, funding opportunities, and a network of like-minded entrepreneurs.

Malta Enterprise is also keen to explore synergies with the UAE and the wider GCC region. The strong bilateral relations between Malta and these regions open up numerous possibilities for collaboration. We foresee enhanced partnerships in areas such as fintech, digital innovation, and green technologies. By leveraging our strategic location and existing ties, we aim to create a bridge that facilitates mutual growth and development.

Malta is not just a place to do business; it is a gateway to European markets, a hub of innovation, and a community that supports your growth. We at Malta Enterprise are committed to providing the support and resources you need to succeed. Join us, and be part of Malta’s exciting journey towards a prosperous future.

Kurt Farrugia, CEO of Malta Enterprise

Silvio Schembri, Minister for Economy, Enterprise and Strategic Projects

Unleshing Global Financial Connectivity A Dive Into The Malta Stock Exchange (MSE)

TSecurities Depository (CSD).

“The Regulated Market provides a regulated trading venue, while the CSD allows for all the post trading clearing and settlement processes as well as caters for new issuance registration and register maintenance. Through its link with Clearstream Banking AG, the CSD also caters for international investors.” explains Simon Zammit, CEO of Malta Stock Exchange.

Under its license from the MFSA, the MSE manages Prospects MTF, an Exchange regulated market designed speciﬁcally for Small to Medium Enterprises (SMEs). “Prospects MTF allows SMEs to raise capital, even if they do not meet the criteria for listing on the regulated main market. Companies can issue up to €8 million in bonds or equities through Prospects MTF.

Simon Zammit, CEO of MSE

Many companies have successfully used Prospects MTF as a steppingstone to list the regulated main market.”

Additionally, the MSE is also the recognized National Numbering Agency (NNA) for issuing the International Securities Identiﬁcation Number (ISIN) and acts as an

The MSE regularly participates in global conferences and events to promote itself and Malta as a ﬁnancial hub. It works closely with entities like FinanceMalta to showcase Malta's robust and innovative ﬁnancial services sector on a global stage. It is also a member of the World Federation of Exchanges, the Federation of European Stock Exchanges, and The Association of National Numbering Agencies. These networks help in fostering international relationships.

With a focus on innovation and global reach, the MSE is well-positioned to attract and support a diverse range of investors and companies.

Malta's MFSA

Embracing Technology & Collaboration

As the single regulator for ﬁnancial services in Malta, the Malta Financial Services Authority (MFSA) oversees approximately 2,500 license holders. Kenneth Farrugia, CEO of the organization, highlights the importance of technology in their operations. “We've invested heavily in both human resources and technology to enhance regulatory e ciency and e ectiveness,” he notes.

A notable project is the new supervisory case management system, a €14 million initiative designed to streamline processes from authorization to enforcement, using an e ective risk-based methodology, ensuring a faster and more e ective and measurable regulatory oversight. This initiative not only promises e ciency but also instills conﬁdence among international investors by ensuring robust, e ective and transparent regulatory practices.

Addressing crypto asset regulation, Farrugia notes that Malta has been a leader in Europe. “We've been at the forefront since 2019 with our virtual ﬁnancial assets licensing framework, which aligns closely with the MiCA regulations,” he explains. This proactive stance has

Kenneth Farrugia, CEO of MFSA

FOR MIDDLE EASTERN INVESTORS LOOKING TO TAP INTO EUROPEAN MARKETS.”

attracted high-caliber crypto asset businesses to Malta, emphasizing quality over quantity. Investor protection remains a top priority for the MFSA. “Our experience and stringent supervisory measures provide peace of mind to investors,” says Farrugia. The MFSA's comprehensive approach includes regular stakeholder consultations and public-private initiatives to ensure the regulatory framework remains robust and adaptable.

On sustainable ﬁnance, Farrugia highlights Malta's commitment to ESG (Environmental, Social, and Governance) initiatives. “We are advancing our supervisory processes and have successfully issued green bonds, fully subscribed by retail investors,” he reveals. This focus on sustainable ﬁnance is designed to attract foreign investment and promote long-term economic resilience.

Farrugia also stresses Malta's strategic engagement with the UAE and the broader Middle East. “Malta o ers a gateway to the European markets for Middle Eastern companies, providing necessary support,” he states. This collaboration includes exploring opportunities like issuing Islamic sukuk in Malta, enhancing ﬁnancial ties between the regions.

Revolutionising Client Onboarding & Compliance

Revolutionising Client Onboarding and Compliance

Binderr Leads The Way

SSince its inception four years ago, Binderr has been driven by a mission to create impactful solutions for real business pain points. “We wanted to build a business from scratch that could have real impact,” CEO Jacob Appel recalls.

ince its inception four years ago, Binderr has been driven by a mission to create impactful solutions for real business pain points. “We wanted to build a business from scratch that could have real impact,” CEO Jacob Appel recalls.

Initially starting as an accounting app aimed at self-employed individuals, the company quickly realized the challenges of convincing accountants to switch from their established software. This journey of pivoting and adapting led Binderr to identify a critical need in the market: e cient client onboarding and compliance.

Understanding that many regulated entities were struggling with outdated manual processes, Binderr shifted its focus. Leveraging the latest technology, Binderr developed a market-leading onboarding and compliance tool in just a year. This innovative approach ensured that the product was built with the right structure and technology, making it highly e ective for customers across various sectors, including corporate service providers, lawyers, wealth managers, and banks.

Jacob Appel, CEO of Binderr

ﬁnancial hubs. "Our collaboration will help protect the economy from illicit funds while delivering exceptional client experiences", Appel explains.

ﬁnancial hubs. “Our collaboration will help protect the economy from illicit funds while delivering exceptional client experiences”, Appel explains.

The onboarding process, whether for opening a bank account or engaging with legal services, is a crucial indicator of the business environment in a country. Binderr’s state-of-the-art technology not only improves client experiences but also strengthens compliance, which is vital for maintaining the region’s economic stability. The UAE's recent removal from the greylist highlights the importance of maintaining rigorous regulations, and Binderr is committed to ensuring these standards are met.

“Starting from a blank canvas allowed us to build with the right structure and technology,” says Appel. “We are proud to have developed a tool that addresses the evolving needs of our clients with unparalleled e ciency.” One of the signiﬁcant milestones in Binderr's journey has been its partnership with Seed Group and the Private O ce of Sheikh Saeed bin Ahmed Al Maktoum. This collaboration is set to enhance compliance solutions in the MENA region, particularly as Dubai and the GCC continue to evolve as

"Starting from a blank canvas allowed us to build with the right structure and technology," says Appel. "We are proud to have developed a tool that addresses the evolving needs of our clients with unparalleled e ciency." One of the signiﬁcant milestones in Binderr's journey has been its partnership with Seed Group and the Private O ce of Sheikh Saeed bin Ahmed Al Maktoum. This collaboration is set to enhance compliance solutions in the MENA region, particularly as Dubai and the GCC continue to evolve as

With a clear vision and innovative technology, Binderr is well-equipped to support the growing needs of professional and ﬁnancial services in the region. “We are really excited to integrate into the community in Dubai and the wider GCC region. This is such a vibrant environment, and each of my visit ﬁlls me with enthusiasm because it truly feels like the land of opportunity.” Says Appel. “I encourage everyone to visit our website, binderr.com, and our LinkedIn page. Feel free to reach out to me directly via LinkedIn. We are happy to speak to anyone interested in

Jacob Appel, CEO of Binderr

Global Financial Ascension Strategic Vision

and Sustainable Growth

Strategic Vision and Sustainable Growth

Within the fast-moving dynamics of Global Finance, Malta stands out as a first-choice destination for financial services.

By embracing innovation whilst maintaining regulations and prioritizing sustainability, the country is emerging as a major hub for businesses and investors.

This ascent is driven by FinanceMalta, the country’s leading representative body for the sector, which is committed to promoting the strengths of the Maltese Financial landscape on the global scale. Graziella Grech - Chief Operations Officer – underlines the organization’s global outreach: “Together with our members, we participate in high profile events worldwide, from Europe to the US, and now in the Middle East and Japan. Our collaborative approach naturally differentiates and demonstrates Malta’s capabilities in various financial sectors such as FinTech, Wealth Management, investment funds and asset management, insurance and reinsurance, family offices and capital markets, strengthening our status as a sophisticated and innovative financial hub.”

FinanceMalta also plays a key role in facilitating access into the market for newcomers, assisting them in connecting with the relevant regulatory bodies and industry networks.

This commitment is in line with the Organization’s objectives of creating a dynamic financial services industry, based on initiatives such as talent development and regulatory strengthening.

Buttigieg Chief Strategy Officer

Chief Operations Officer

With the view to support growth and open the way to a prosperous future for the sector, securing continuous dialogue and cooperation between regulatory bodies and key players is at the core of FinanceMalta’ activities. Bernice Buttigieg, Chief Strategy Officer, sheds light on the collaborative efforts shaping Malta’s financial landscape: “The establishment of the Malta Financial Services Advisory Council is a key achievement in our strategic initiative of raising the Maltese financial services sector. It is designed as a forum for dialogue between regulators, government officials, and industry players, with the objective of improving Malta’s financial ecosystem by means of agility, effectiveness, and innovation.”

Malta is also renowned for its proactive regulatory approach, which can be exemplified by the Virtual Financial Assets (VFA) Act, an innovative regulatory framework which placed the country as first jurisdiction in Europe regulating the use of digital assets. This pioneering effort has set a solid base for the sector to develop new forms of investments and prepare for a smooth transition into the adoption of Markets in CryptoAssets (MICA) regulations.

The country’s firm commitment to environmental sustainability is reflected in the issuance of issuance of a green bond last year by a utility company which was fully subscribed within a few hours, and the expectation of blue bonds.

These initiatives, accompanied by the development of new financial instruments, reinforce Malta as a place of financial innovation, attractive for both startups and established companies.

Bernice

Graziella Grech

Finance Incorporated Limited Driving Financial Innovation from Malta to the World

Since re-structuring in 2017 under the management of CEO Cenk Kahraman, Finance Incorporated Limited has ascended rapidly from promising upstart into a top-tier Maltese financial services leader.

“We took over a small company- just six people with a novel idea of issuing prepaid cards,” recounts Kahraman. “But as the fintech ecosystem and consumer preferences evolved swiftly, we pivoted to capture the next wave.” After strategic investors came aboard and triggered a management change, total assets exploded from €3.5 million to €400 million in just six years.

Today with over 70 employees, the company distinguishes itself through an expansive portfolio integrating both B2B and B2C financial products and services. “We deliver a full suite of payment products, meeting every client need - from personal banking, cards and payments to merchant, institutional and corporate offerings,” details Kahraman. “Streamlining this comprehensive range under one roof thereby

Cenk Kahraman, CEO of Finance Incorporated Limited

enables simplified financial management for customers.” Additionally, Finance Incorporated Limited has consistently pioneered innovative fintech solutions for partners such as transforming mobile devices into payment terminals for SME retailers. Its novel mobile point-of-sale solutions launched in Berlin have already drawn robust acclaim.

Having built formidable domestic operations in Malta’s competitive landscape, the firm now looks outward to bring its expertise across borders with sights set on burgeoning Gulf enterprise markets next. “The GCC presents rich cross-border transaction flows ripe for our specialized solutions,” notes Kahraman. Whether via M&A or organic launch, Finance Incorporated Limited stands ready to assist more non-EU enterprises establish European footholds.

Kahraman concludes, “With seasoned leadership and the right partners, we are poised to scale new heights. Our diverse talent cultivated in Malta thrives ready to make global fintech history.”

Relocate to Malta

Your Gateaway To Europe In The Heart Of The Mediterranean

Malta is an increasingly popular destination for non-EU citizens seeking a new home in Europe. The enchanting Mediterranean archipelago offers various pathways for relocation through diverse residency and citizenship options that cater to different needs and preferences. Whether through investment, employment, or retirement, non-EU citizens can enjoy the numerous beneﬁts of living

RESIDENCY OPTIONS

Malta o ers several residency programs targeted at non-EU nationals. Among them, the Malta Permanent Residence Programme (MPRP) - also known as the Malta Golden Visa - provides a permanent residency certiﬁcate for life through a one-time investment, while the Residency Programme (GRP) o ers a renewable 1-year visa. Both o er considerable advantages such as visa-free Schengen travel beneﬁts and special tax advantages.

Other targeted programs exist, including Retirement Programme (MRP) - which caters to retirees receiving a pension, with at least 75% of their income derived from their pension - or the Malta Nomad Residence Permit (MNRP) -a renewable 1-year visa for digital nomads who work for companies or clients outside Malta, without entitlement to social beneﬁts or citizenship. Lastly, the Programme (MSRP) is designed for non-EU startup founders and their core team, requiring a minimum capital investment and o ering a 3-year residence permit, renewable under certain conditions but not leading to citizenship.

1. Eligibility Application: The applicant undergoes a stringent due diligence process. Upon successful completion, the Minister responsible for citizenship matters authorizes the applicant to proceed with the naturalization application.

Naturalization Application: Once authorized, the applicant must fulﬁll the property and ﬁnancial requirements within four months. The naturalization process must be completed within six months from the communication of authorization.

To be eligible for naturalization, applicants must satisfy one of the following residence conditions:

• A one-year residence condition with a contribution fee of €750,000.

Since none of the Malta residency options automatically lead to citizenship, non-EU nationals who wish to obtain a Maltese passport are advised to apply under the Malta Naturalisation for Exceptional Services by Direct Investment Regulations, which is Malta's o cial investment citizenship program.

MALTA CITIZENSHIP FOR EXCEPTIONAL SERVICES BY DIRECT INVESTMENT

In order welcome international investors and families with a long-term vision, Malta o ers citizenship by naturalization for exceptional services through direct investment, as outlined by national law and speciﬁc regulations. This initiative ensures credibility and prestige through rigorous due diligence processes. Applicants must also meet residence requirements, property conditions, and make the required ﬁnancial contributions.

A recently revised regime for this scheme features a two-stage application process:

• A three-year residence condition with a contribution

• Purchase immovable residential property in Malta

• Lease residential immovable property in Malta for a

Before the certiﬁcate of naturalization is issued, applicants must also donate a minimum of €10,000 to a registered philanthropic, cultural, sport, scientiﬁc, animal welfare, or artistic non-governmental organization or

The beneﬁts of acquiring Maltese citizenship are substantial. Citizens enjoy visa-free travel to over 180 countries, including the EU, USA, and Canada. They also gain the right to live, work, and study in any EU country, o ering unparalleled mobility and opportunities.

Community Malta Agency was established for the purpose of amalgamating all processes related to citizenship into a one-stop-shop. The centralisation of such functions serves to be conducive to better e ciency and e ectiveness of

Investment Migration

Chetcuti Cauchi Advocates On Residency & Citizenship Planning

Malta provides international families and entrepreneurs a variety of routes to residency and citizenship, suiting di erent objectives. Below are some of the considerations prospective applicants should take into account:

Tax Considerations

The family's level of integration with Malta during the naturalisation process may constitute su cient evidence of tax residence in Malta.

Res non-doms in Malta are only subject to tax on foreign income if remitted to Malta, hence the need for pre-immigration tax planning for all transfers to Malta required for a citizenship or residency application.

Due Diligence Considerations

The following form the bases for a successful residency and citizenship application:

• A reputable personal and business proﬁle.

• A disclosure of assets and legitimate source of wealth.

• A clear Schengen and US immigration record.

• An assessment of the implications and extent of indirect political exposure.

• An assessment of any adverse media.

• Potential for future sanctioning.

• The general reputation of the family.

• Current and proposed personal, business, investment and philanthropic activities in Malta.

Full disclosure to your lawyers of all potential background factors, within the protection of client-lawyer privilege, is always advisable so that a proper assessment of eligibility can be made early in the process.

Property Investing Considerations

Purchasing a property under one of Malta's investment migration routes, although optional, is an important sign of the family's commitment to becoming Maltese. Some of the considerations for property buyers:

• Obtaining any special (AIP) permits required to acquire property in Malta outside Special Designated Areas.

• Compliance of the property unit and the project or development with planning, health and safety and environmental regulations.

• Professional valuations and veriﬁcation of proper legal title of the target property.

Business Considerations

Malta acts as a springboard for international businesses to invest and do business in Europe. Setting up a branch, subsidiary or group company in

120, St Ursula Street, Valletta, MALTA info@ccmalta.com www.ccmalta.com

Member of Andersen Global.

Malta creates a foothold for any international business within the European market.

Maltese holding companies can be used as international group parent companies to acquire and manage shares in companies in Europe or globally.

Chetcuti Cauchi provides a holistic legal and tax approach in Malta with expertise in Immigration, Corporate & M&A, Employment, Transfer Pricing, Private Client, Real Estate, Blockchain, Media, Litigation and Arbitration, Insolvency and Restructuring and Technology.

As an independent law ﬁrm member of Andersen Global, the ﬁrm enjoys access to 16,000+ best-in-class professionals across 450+ locations in 170+ countries providing integrated legal, tax, global mobility and valuation services.

JP HAS ADVISED SOME OF THE WORLD’S MOST ACCIMPLISHED ULTRA HNWIS AND THEIR FAMILY OFFICES, LAWYERS, PRIVATE BANKS, AND WEALTH MANAGERS ON GLOBAL CITIZENSHIP AND RESIDENCY, FAMILY OFFICE STRUCTURING AND INTERNATIONAL TAX.

ANTOINE WROTE HIS DOCTORAL THESIS ON THE MALTESE CITIZENSHIP ACT. HE HAS ASSISTED A NUMBER OF THE FIRM’S CLIENTS QUALIFY FOR MALTESE CITIZENSHIP UNDER VARIOUS ROUTES.

SPECIALISES IN WEALTH STRUCTURING AND PRESERVATION FOR BUSINESS FAMILIES AND HIGH NET WORTH INDIVIDUALS. SHE IS THE CHAIRPERSON OF STEP MALTA BRANCH.

LICENCE: AKM-ACCA

Dr Jean-Philippe Chetcuti, Managing Partner

PRISCILLA

Dr Antoine Saliba-Haig, Senior Lawyer

Dr Priscilla Mifsud Parker, Senior Partner

Maltese Citizenship

In today's globalized world, the concept of second citizenship is becoming increasingly popular. Julia Loko, Investment Programs Expert at Immigrant Invest, discusses the general need for and beneﬁts of obtaining a second citizenship in the current international climate.

What are the main factors behind the increased will of individuals and families worldwide to look for a second citizenship?

In an increasingly unstable world, where political and economic landscapes can shift rapidly, having a second citizenship provides a vital safety net. This is particularly important for those with families, as it ensures a more secure future for your children. Second citizenship o ers the possibility to relocate to a country with a more stable political and economic situation and a higher quality of life.

Julia

Loko, Investment Programs Expert at Immigrant Invest

Lastly, Malta o ers peace of mind and a high quality of life. The country is known for its political stability and strong economic performance. The nation also boasts one of the highest ranked healthcare and education systems in Europe.

Choose Immigrant Invest for Your Second Citizenship Application

Immigrant Invest is a premier consulting firm specializing in helping a uent individuals secure second citizenship and residency through investment. The firm’s clientele includes high-net-worth individuals such as businessmen, entrepreneurs, investors, managers, and celebrities as well as other consulting and legal firms.

Tailored Solutions for Second Citizenship

Additionally, globalization has made international travel common for education, business, and employment. A second citizenship simpliﬁes travel, o ering access to many countries and easing the visa application process. This, in turn, allows individuals to explore opportunities worldwide more freely.

What are the primary beneﬁts of obtaining a second citizenship in Malta?

Firstly, a Maltese passport provides exceptional global mobility. It's one of the strongest passports globally, o ering visa-free access to 180 countries, including the European Union, United Kingdom, USA, and Canada. This makes travel for business, pleasure, or education much easier.

Secondly, Maltese citizenship opens the door to a wide range of business and investment opportunities. Malta’s strategic location at the crossroads of Europe, Africa, and the Middle East grants access to international markets, including the European Union market, which comprises over 440 million consumers.

Alongside beneﬁting from favorable tax regimes and special conditions, international investors and entrepreneurs looking to expand their ventures globally are free to set up businesses, invest in existing companies, and trade goods and services across all EU member states without barriers.

“MALTESE CITIZENSHIP PROVIDES A STABLE ENVIRONMENT FOR INVESTORS AND THEIR FAMILIES, MAKING RELOCATION TO MALTA AN ATTRACTIVE OPTION.”

Obtaining a second passport with Immigrant Invest means eliminating visa restrictions and creating an alternative place of residence without the obligation to live there. Tailored solutions are developed to remove visa barriers, establish safe havens, legally reduce tax obligations in foreign jurisdictions, and support the entire immigration process.

A clear, step-by-step action plan is created for each client, ensuring no surprises or hidden fees. Conﬁdentiality is paramount, with strict non-disclosure agreements protecting personal data and investment sources.

Expertise and Industry Knowledge Since 2006

Since 2006, Immigrant Invest has built a deep understanding of the industry, mastering the Due Diligence process for each citizenship and residence permit by investment program.

With o ces in ﬁve countries, Immigrant Invest’s team of internationally trained lawyers and local experts navigates the complexities of foreign jurisdictions.

Licensed and Trusted Agent – 99% Success rate

As a licensed agent, Immigrant Invest works exclusively with government-authorized citizenship and residence permit by investment programs in the European Union and the Caribbean. The in-house Compliance Department conducts preliminary Due Diligence checks, boosting the approval chances of applications to 99%.

Maltese Residency

Your Gateaway To Europe & Beyond

Malta Offers Diverse Residency Options for Families, Individuals, and Entrepreneurs in an Era of Expanding Global Mobility

Malta’s Permanent Residence Programme:

A win-win vision

Malta’s residency-by-investment programme was ideated as a way to attract foreign investment and add a sustainable channel via which to funnel this investment into the local economy. The value, of course, is two-way, as we o er third country nationals of good conduct and their families a chance to obtain second residency in a safe and stable jurisdiction that is ours.

The programme, now called the MPRP (Malta Permanent Residence Programme), has gone from strength to strength year-on-year. Indeed, last year we saw the heftiest increase in applications – a rise of 124% - reaching a total of 1759 applications until December 2023. This accurately reﬂects what is happening in the global RBI eco-system as we see a surge in demand for second residency from families and individuals hailing from countries experiencing geo-political or economic instability and the desire to live a better life, with freedom of movement, access to good health institutions and educational opportunities for their children.

Malta gives new residents a chance to settle, live, work and raise a family in one of the safest countries in the world, boasting a Mediterranean lifestyle, top-notch educational institutions, reputable health care, business opportunities and a multi-cultural English-speaking society based on family values.

We strongly believe our success and our strength also lies in our reputation which we have built around stringent due diligence checks and processes that ensure only ﬁt-and-proper persons of good conduct are granted Maltese residency.

Nomad Residence Permit

Malta had the foresight to launch the Nomad Residence Permit early on during Covid, when we saw a veritable increase in the popularity of remote working. Launching ahead of other European countries meant we garnered an edge in attracting quality digital nomads from various industries and from di erent countries outside the EU. Just last year Residency Malta saw an increase of 98.8% in applications submitted for the Nomad permit over the

Jonathan Cardona, CEO of Residency Malta

annually, these nomads have signiﬁcant spending power. Today, three years later, Malta is an established, popular destination for remote workers who can keep their employment abroad while enjoying all that Malta o ers –an English speaking society, a strong nomad community, excellent internet and wiﬁ infrastructures, and an immersive experience into the fascinating history and heritage that Malta boasts.

As from April 1st this year, nomads can extend their stay for a maximum of four years, so for those who have fallen in love with Malta and are after more of a slowmad experience, this new feature will resonate. Also from April 1st, nomads have to now earn €42,000 gross annually to be eligible.

Malta Startup Residence Programme

This programme is the newest addition to the Agency’s portfolio of programmes and o ers TCN entrepreneurs wishing to use Malta as a launchpad for their innovative startups a 3+5 year residency, and a 3+3 year residency for core employees. The residence is also o ered to family members. Malta Enterprise is our esteemed partner in this venture and brings to the table strong acumen in assessing the proposed startup’s viability. But beyond this it o ers new ventures support in terms of funding and the commitment towards a robust eco-system within which to work and thrive.

Key Facts

Permanent residency from day one

Up to four generations included in one application

Visa-free travel across Schengen for 90 out of 180 days

Competitive ﬁnancial outlay

Yakof Agius Associates

Yakof Agius & Associates

Malta’s Residence By Investment: Europe’s Opportunities

Malta’s Residence & Citizenship By Investment: Europe’s Opportunities

CCConsidering Malta's residence and by investment programs? Trust Yakof & Associates, the foremost authority over a decade of specialised guide you.

onsidering Malta's residence and citizenship by investment programs? Trust Yakof Agius & Associates, the foremost authority with over a decade of specialised experience, to guide you.

“Maltese citizenship o ers unparalleled access to the EU, business expansion, visa-free travel to over 180 countries, and a secure environment for your family,” says Agius. “Our extensive networks ensure a seamless and e cient process, eliminating worries about complexity and uncertainty.

“Maltese citizenship o ers unparalleled access to the EU, business expansion, visa-free travel to over 180 countries, and a secure environment for your says Agius. “Our extensive networks ensure a seamless and e cient process, eliminating worries complexity and uncertainty.

Imagine the freedom of e ortless European travel, the advantage of conducting business in a stable economy, and the peace of mind that comes with Maltese citizenship.

Yakof Agius, CEO of Yakof Agius and Associates

These exclusive beneﬁts are within your reach with the expert guidance of Yakof Agius & Associates. Don’t let uncertainty hold you back. Enhance your global mobility and secure your family’s future today. High-net-worth individuals like you deserve the best.”

Contact us at +356 9923 3870 or ya@yakofagius.com , or visit www.yakofagius.com to begin your journey with the best in the ﬁeld

Contact us at +356 9923 3870 or ya@yakofagius.com, or visit www.yakofagius.com to begin your journey with the best in the ﬁeld.

Acumum Backs Malta's Strengths

Geraldine Noel, Founder of Acumum

establishment with specialisms in Gaming, Energy, and Family Trust Companies. Acumum’s experienced team creates inclusive, practical, and cost-e cient solutions for individuals, family o ces, companies, governments, and intermediaries. Get in touch to learn more!

Energy, and Family Trust Companies. Acumum’s experienced team creates inclusive, practical, and cost-e cient solutions for individuals, family o ces, companies, governments, and intermediaries. Get in touch to learn more!

“OUR UNEQUALLED KNOWLEDGE OF MALTA COMES FROM OUR LONGSTANDING RELATIONSHIP WITH THE ISLAND AND ENABLES US TO EXPERTLY ADVICE ON ALL ASPECTS OF LIVING OR DOING BUSINESS HERE.”

Agius,

CEO Yakof Agius Associates

Investing In Malta’s Real Estate

Growth & Opportunities

Malta’s real estate market presents signiﬁcant advantages for international investors eyeing at the European Union. Speaking on these positive aspects, Sandro Chetcuti, Chairman of Property Malta Foundation, discusses the attractive returns and the ongoing improvements in the sector.

“Malta o ers exceptional conditions for property investment,” notes Chetcuti. “Investors can expect robust returns in Malta’s property market. “Rental yields for good quality properties in Malta ranges between 6-7 per cent, with capital appreciation of 5-8 per cent annually” he adds.

Such returns stem from high demand for both rental and property sales as the population increases through migration every year. Indeed, apart from being a beautiful Mediterranean island with 300 days of sunshine and pleasant climate throughout the year, Malta’s favorable tax regime and residency programs add value to its attractiveness for foreign nationals willing to relocate as well as for international investors. Chetcuti adds: “Promising tax reliefs and residency schemes enhance the appeal of investing in this country greatly.”

Despite its size Malta presents a wide range of real estate options. As Chetcuti mentions, upscale luxury choices are available in areas like St. George’s Bay, Rabat and Smart City while there is also a demand for properties in established locations such as Santa Maria Estates or the Three Cities, known for their historical allure.

The real estate industry in Malta has seen an increase in quality standards.

“We emphasise sustainable development, modern amenities, and high construction standards,” notes Chetcuti. “Our commitment to quality ensures that investors get the best value for their money.”

Sandro Chetcuti, Chairman of Property Malta Foundation

Unity Makes Strength

Fostering a cooperative environment among all sectors within the property industry, and advocating for mutually beneﬁcial policies, Malta Development Association has been instrumental in driving the sector's success.

“From the early stages, our aim has always been to present a collective voice rather than individual interests,” explains Michael Stivala, CEO of the MDA, outlining the fact that the Association was originally established to unify developers and landowners, facilitating a collective approach to lobbying the government for policy changes.

Moving forward, the Association’s e ort have gone the extra mile with the creation of the National Building Council, this time in collaboration with the Chamber of Architects, in order further enhance dialogue within the sector at all levels. “The council unites all industry professionals and developers, ensuring cohesive, well-rounded policy discussions with the government,” Stivala highlights.

This cooperative approach, securing the interests of all professionals in the sector, has contributed to the success of the MDA, which now has over 1,000 members.

MDA has championed several initiatives, including the ﬁrst-time buyer scheme, contributing to Malta's impressive 82% homeownership rate. “Homeownership provides ﬁnancial stability, especially for young people," Stivala notes. The association's e orts have also led to the implementation of policies that promote sustainable

Addressing the rise in property prices, Stivala attributes it to Malta's consistent economic growth and increased demand for high-quality construction. “The influx of foreign workers and changes in family dynamics have significantly impacted property demand,” he says. The MDA's influence has been crucial in adapting to these changes and ensuring that the property sector remains

Economic forecasts predict continued growth for Malta, with a shift towards a quality-based economy to sustain

“Malta's safety, friendly community, and favorable climate make it an attractive destination for investors,”

Energy & Resources

The Maltese Journey Towards Sustainability

Energy and resources are the lifeblood of any modern economy, driving industry, innovation, and daily life. Malta, as small Mediterranean island, has long depended on its human resources and imported fuels, underutilizing its abundant natural resources like wind, sun, and sea. However, with the rise of global environmental awareness, Malta has embarked on a journey towards greener energy solutions.

Joining the European Union enabled Malta to diversify its energy sources signiﬁcantly, supported by a framework of EU directives promoting cleaner energy and environmental protection. This century heralds a new era of sustainability, e ciency, and innovation in Malta's energy sector, emphasizing equitable resource utilization.

In line with EU policies, Malta established the Malta Resources Authority (MRA) in 2000 to regulate and guide energy, water, and mineral resources management. The MRA also coordinates with government entities to enforce energy legislation and assess energy developments. Through the MRA, Malta

Ahas launched numerous energy e ciency programs as part of a comprehensive energy policy.

The signiﬁcant overhaul of Malta’s energy laws in 2014, marked by the introduction of Act XXXIV, attracted the largest foreign direct investment in

Small Island States

The Potential For Green Energy

s an island state in the middle of the Mediterranean, Malta is not only known for its cultural charm and rich historic heritage but also for its potential as a bridge between southern Europe and Northern Africa. This puts us in the ideal position to push forward the concept of the Mediterranean as a hub of green energy.

As a small island state, we possess a unique advantage in shaping and implementing policies. It is an advantage that Malta wants to leverage to drive the adoption of emerging technologies and move towards a greener and more sustainable system.

It is the same drive that helped us unite Mediterranean states during the Med9 meeting of energy ministers last year – a successful summit that led to the ambitious commitment of turning the Mediterranean region into a Green Energy Hub, contributing to a decarbonised, energy-independent Europe. At the heart of this commitment is an increased investment in o shore renewables and subsea interconnections, promoting increased employment and investment opportunities in the region.

I have long advocated that idea of islands serving as pioneering grounds for technology development.

Miriam Dalli, Minister for the Environment, Energy and Enterprise

Despite years of scepticism regarding the feasibility of o shore renewable energy in deep seas, Malta is attracting the interest of domestic and international investors in establishing ﬂoating o shore wind farms in Malta, both within our exclusive economic zone and within our territorial waters. This interest is a testament to the swift evolution of technology, enabling investments in areas once deemed impossible.

Following the issuance of a pre-market consultation for ﬂoating solar technology, Malta’ Regulator for Energy and Water Services (REWS) received 13 distinct proposals for the potential development of ﬂoating solar farms in Maltese territorial waters. This response signals Malta’s potential for green energy.

Our commitment to renewable energy is strongly supported by our ongoing plans to accelerate investment in the country’s electrical infrastructure. This is being done to meet Malta’s continued and expected economic growth and to create the space for renewable energy system and operational systems that can reduce the island’s carbon footprint.

Despite our size, the Maltese Government believes that our e orts —and those of other small island states — will inspire others to embrace renewable energy solutions.

RAMLA

Europe’s Rising Star in

Innovation & Technology

Malta has become a beacon of innovation and technology, gaining recognition as a leading hub in Europe and beyond. This transformation is driven by strategic efforts from several key government organizations working together to foster a thriving tech ecosystem.

Malta Enterprise, the country’s economic development agency, has been pivotal in attracting foreign investment and supporting local businesses, creating a robust environment where technology and innovation can flourish Their initiatives have brought numerous tech companies to Malta, significantly enhancing the island’s technological landscape.

The Malta Information Technology Agency (MITA) plays a crucial role in implementing IT policies within the public sector. By developing state-of-the-art ICT infrastructure, MITA ensures that Malta remains at the forefront of technological advancements, supporting growth in the tech domain.

To regulate and promote cutting-edge technologies such as blockchain and artificial intelligence, the Malta

Digital Innovation Authority (MDIA) was established. The MDIA’s proactive regulatory framework and support for digital innovations have positioned Malta as an attractive destination for tech companies exploring new frontiers.

Tech.mt, a joint venture between the Government of Malta and the Malta Chamber of Commerce, tirelessly promotes Malta’s tech sector on the global stage. Through international collaborations and promotional activities, Tech.mt showcases Malta’s capabilities in areas such as fintech, blockchain, AI, and gaming, solidifying its reputation as a tech powerhouse.

The Malta Financial Services Authority (MFSA) has been instrumental in the fintech sector, by providing a progressive regulatory environment, which supports the growth of innovative financial technologies, ensuring that Malta is seen as a secure and attractive location for fintech companies.

Gaming Malta promotes the island as a center of excellence for digital and remote gaming. Their efforts have successfully attracted major players in the gaming industry, making Malta a global leader in this field.

Malta’s strategic vision and collaborative efforts have firmly established it as a premier destination for innovation and technology. By continuing to attract top-tier tech companies and talent, Malta is set to maintain and expand its status as a global leader in the field.

Premier Home for Global Gaming

Malta has cemented its status as the “Silicon Valley of the iGaming industry” attracting global gaming enterprises with its robust ecosystem and strategic initiatives. GamingMalta, a nonprofit foundation established by the local government and the Malta Gaming Authority, plays a pivotal role in this transformation.

Ivan Filletti, CEO of GamingMalta, emphasizes the island’s commitment to creating a home-like environment for gaming businesses. “We want people to feel comfortable living on the island, doing business here, and being amongst family”, he said, highlighting the human element as a critical factor for business growth.

Since its inception in 2015, GamingMalta has expanded its focus beyond online gambling to include video game development, esports, and immersive tech. The foundation supports these sectors through initiatives like Basecamp, an incubator space that houses ten video game and immersive tech studios from various countries, providing a soft-landing ground for startups. Malta’s strategic vision includes sustaining and nurturing its gaming ecosystem through education,

Ivan Filletti, CEO of GamingMalta

regulatory support, and funding. As a Unity Center of Excellence, Malta trains four hundred students in the Unity game engine certification, ensuring a steady pipeline of skilled professionals. Additionally, a €10 million venture capital fund supports emerging technologies and green transition projects has been set-up under the Malta Venture Capital fund.

Filletti also underscored Malta’s collaboration with the UAE, recognizing it as a hotspot for technological innovation. “We see the dynamism of technology startups in the UAE and believe we can collaborate well together, providing a European solution for these companies,” he noted. This partnership aims to create mutual growth opportunities and enhance Malta’s appeal to tech entrepreneurs in the UAE.

As Malta continues to position itself at the forefront of the gaming industry, Filletti’s message to potential tech entrepreneurs is clear: “Malta is open for business. Our nimble policies and strategic efforts make us an excellent European jurisdiction to embrace converging technologies in gaming, esports, and immersive tech.”

By fostering a supportive and dynamic environment, GamingMalta ensures that the island remains an attractive destination for global gaming innovators and investors.

Excellence in Education Malta’s Success Story

Malta has built a strong reputation for educational excellence and rigor, internationally recognized for the quality of its system. Over the years, the country has evolved its educational landscape to meet the demands of the 21st century while maintaining its deep-rooted traditions. This progressive approach has attracted both international educational institutions and students to its shores.

The Maltese government has been proactive in internationalizing its education sector, creating an international education hub as a new economic niche. Several leading global institutions have established campuses in Malta, enhancing the country’s academic prestige. These institutions collaborate with local entities to provide world-class education, ensuring that qualifications are recognized not only in Malta but across the European Union and beyond.

Malta’s commitment to quality is evident in its stringent accreditation and licensing processes. Educational authorities ensure that international institutions meet high standards regarding program quality, teacher qualifications, and value for money. This rigorous approach guarantees that students receive top-notch education, with degrees that hold global recognition.

Innovative subjects such as Artificial Intelligence, the Metaverse, and Information Technology are at the forefront of Malta’s educational offerings. The curriculum is constantly updated to reflect contemporary societal needs, equipping students with the skills required for the future job market. This forward-thinking strategy has resulted in high employability rates for graduates, fulfilling both their academic and professional aspirations.

Additionally, Malta has a thriving English language teaching industry, attracting thousands of international students annually. The combination of formal lessons and immersive cultural experiences makes Malta an attractive destination for English learners.

Overall, Malta offers a unique educational environment characterized by high standards, innovative programs, and a supportive atmosphere. This blend makes it an ideal destination for both short-term and long-term academic pursuits.

The European Institute for Emerging Technologies

Inspiring, nurturing and educating the next generations of innovators

The European Institute for Emerging Technologies is a licensed Further and Higher Education Institution recognised in Europe and operating under the European Qualifications Framework (EQF) and the Malta Qualifications Framework (MQF), MFHEA Licence No 2023-019.

The institute offers accredited programmes and short courses on different themes in the emerging technologies sector for individuals seeking professional learning opportunities.

From digital transformation strategy development to leadership in the digital age, and effective management of digital transformation in the corporate sector, our curricula are designed to empower learners with the skills and knowledge needed to thrive in today’s evolving digital landscape. These include Artificial Intelligence (AI), Virtual and Augmented Reality (VR and AR), Digital Manufacturing, Blockchain Technologies and Internet of Things (IoT). Our offerings are flexible and can be delivered fully online, through hybrid formats, or in-person, ensuring accessibility and adaptability to individual schedules and preferences.

We also offer tailor-made training programmes for corporate entities, addressing their unique needs and challenges in up/reskilling employees. Our process begins with a comprehensive needs analysis to understand each client’s specific

requirements. We then identify key learning objectives and create personalized learning experiences to bridge skills and knowledge gaps, meeting current and future industry demands. Our diverse range of offerings includes immersive online modules, interactive face-to-face workshops, and hybrid modalities which can be submitted for accreditation and recognised under the EQF. Our online/hybrid programmes are delivered through our AI-powered digital training and learning environment, which upon request can be customised and branded exclusively for our clients.

Healthcare Haven: Where Tradition Meets Innovation

Nestled at the crossroads of Europe, Africa, and the Middle East, Malta has long been recognized for its contributions to the medical field, a tradition that Minister for Health and Active Ageing, Hon. Jo-Etienne Abela, is keen to advance. “Malta has always been at the cutting edge of medicine,” Minister Abela explains, tracing the lineage of Malta’s medical expertise back to the establishment of its first school of anatomy and medicine in the 1700s.

Today, the island nation is making significant strides in healthcare, drawing on its deep-rooted medical heritage and strategic geographic position. Malta’s healthcare system mirrors the esteemed British model, focusing on comprehensive, community-based care that meets the demands of an increasing and aging population. “Our main hospital is expanding its emergency services, intensive care, and cardiology units to meet the needs of our citizens, with a particular focus on accommodating our older population,” Minister Abela states, highlighting the resilience and robustness of the system even in times of global crises.

Technology and innovation play crucial roles in Malta’s healthcare strategy. Minister Abela discusses ambitious plans to modernize and streamline healthcare delivery through digital solutions. “We are moving towards a paperless healthcare system where information flows seamlessly between our main hospital, primary care facilities, and private sector entities, ensuring

for the Future

Hon. Dr Jo-Etienne Abela, Minister for Health and Active Ageing

comprehensive patient care across the board,” he notes. This integration extends to embracing telemedicine and other digital health platforms that support preventive care and manage chronic conditions more effectively. In response to the global rise in mental health concerns, Malta is also enhancing its psychiatric services. “The importance of mental health has come to the forefront following the pandemic. We are expanding facilities at our acute hospitals to address acute psychiatric conditions and revamping older institutions to better serve long-term mental health needs,” explains Minister Abela.

The Maltese government is not just focusing on infrastructure but is also revolutionizing its approach to public health. Initiatives aimed at tackling obesity and promoting overall well-being are underway. “Our obesity strategy is crucial, as roughly one in five of our population is affected. This involves a multifaceted approach, including revamping primary care and launching targeted public health campaigns,” says Minister Abela. The strategy is part of a broader effort to shift from treatment to prevention, with programs designed to educate the public on maintaining healthy lifestyles to prevent conditions like diabetes and cardiovascular diseases.

Minister Abela also highlights Malta’s role as a hub for medical education and international healthcare cooperation. With its strategic location and Englishspeaking, highly-trained medical professionals, Malta is an ideal venue for medical conferences, training, and examinations. “We are poised to be a leading center for healthcare excellence, drawing on our historical strengths and modern innovations,” he asserts.

Wrapping up, Minister Abela extends an invitation to international investors and healthcare professionals. “Malta offers a unique blend of historical prowess and strategic advantage, bolstered by a pro-business government that supports healthcare innovation and international collaborations,” he concludes.

Malta’s commitment to advancing healthcare, rooted in its rich history and supported by strategic innovation, positions the island as a promising locale for investment and a leader in global health initiatives. As Minister Abela suggests, the future of healthcare in Malta is not just about enhancing services but transforming them to meet the challenges of the 21st century, making Malta a beacon of medical excellence and innovation.

The Hon. Dr Jo-Etienne Abela, Minister for Health and Anti-Ageing shares Malta’s Strategic Vision

Cutting-Edge Technology Meets Healthcare

HLL’s Revolutionary Approach and Solutions Set to Shape the

Since its establishment in 2005, Healthcare Logistics Ltd (HLL) has been a trailblazer in the Maltese healthcare IT scene. Initially founded to support the implementation and maintenance of healthcare systems in state-owned hospitals and health centers, HLL has invested heavily in resources to offer a blend of products and services that specialise in transforming healthcare organisations into cost-effective, patient-centered models of care.

By providing state-of-the-art solutions designed to enhance the quality and efficiency of care, HLL organises workflows within care institutions and beyond. Their product range includes residential care management systems, innovative remote care monitoring solutions, ground-breaking welfare technologies and nurse call systems - all tailored to meet the unique needs of modern care providers.

At the core of HLL’s offerings is REVO, a revolutionary solution designed for independent living, assisted living, and residential care homes. REVO streamlines

Arthur Gerada, CEO of Healthcare Logistics Ltd.

“AS HEALTH AND CARE CONTINUE TO EVOLVE, HLL REMAINS STEADFAST IN ITS MISSION TO EMPOWER ORGANISATIONS TO EMBRACE DIGITAL TRANSFORMATION. BY INVESTING IN THE LATEST TECHNOLOGIES AND CULTIVATING A TEAM OF EXPERTS, HLL IS NOT JUST ADAPTING TO THE FUTURE OF CARE – IT IS SHAPING IT.”

Future

of Care

HLL’s Revolutionary Approach and Solutions Set to Shape the Future of Care

administrative processes, allowing care providers to focus on what truly matters: residents’ well-being. By reducing documentation time and providing realtime access to data, REVO improves care quality and coordination, setting a new standard for efficiency in the care sector.

One of HLL’s defining characteristics is its ability to offer offshoring and nearshoring services, enabling organisations to leverage resources for project delivery and support not only in Malta but also in the Arab states and Europe. This global reach ensures access to the best talent available, allowing partners to benefit from a diverse pool of expertise.

HLL’s success is driven by a team of dedicated professionals, including medical, IT, and management consultants, who bring a wealth of experience from years of operation within the healthcare IT domain. This multidisciplinary team is the backbone of HLL’s approach, ensuring that the company remains at the forefront of the provision of services and solutions in the health IT scene.

A Pioneering Force in the

European Pharmaceutical Industry

The Malta Medicines Authority (MMA) has emerged as a pivotal player in the European pharmaceutical sector, showcasing a blend of innovation, expansion, and strategic collaboration. With a proactive approach to regulation and education, the MMA has significantly extended its influence, both within the European Union and globally.

Strategic Expansion and Specialization - Over the past decade, MMA has expanded beyond traditional core areas, adding new directorates focused on advanced scientific initiatives and regulatory science education. This growth enhances MMA’s industry oversight and positions it as a leader in pharmaceutical education and innovation.

Harmonization and Autonomy - MMA plays a critical role in EU regulatory efforts, facilitating harmonized regulations while maintaining jurisdictional autonomy. This balance allows MMA to align with EU standards and respond flexibly to local needs, ensuring it remains a key player in EU and global pharmaceutical regulations.

Prof. Anthony Serracino-Inglot, CEO of Malta Medicines Authority

Global Reach and Recognition - MMA’s impact extends globally, inspecting and certifying pharmaceutical products and production sites worldwide to ensure compliance with EU Good Manufacturing Practices (GMP). These activities uphold high standards within Malta and reinforce the global pharmaceutical supply chain. Recognition by the US Food and Drug Administration (FDA) further elevates MMA’s global standing.

Addressing Accessibility and Affordability - MMA has expanded its focus to include the accessibility and costeffectiveness of medicines, ensuring high-quality medicines are affordable and addressing health equity. This holistic approach prioritizes patient needs alongside efficacy, quality, and safety.

Facilitating Business and Innovation - MMA supports pharmaceutical companies by fostering a conducive environment for business operations and regulatory affairs. Establishing notified bodies for medical devices under new EU regulations highlights MMA’s commitment to industry growth. Malta’s efficient regulatory structure attracts pharmaceutical businesses with faster procedural turnarounds.

“As it navigates the complexities of global health challenges and industry dynamics, the MMA remains dedicated to placing patient welfare at the center of its activities, reinforcing its role as a leader in the pharmaceutical regulatory sphere.”

Liyfe - From Malta to GCC

Paving the way to a healthier

future

Liyfe, a young and dynamic player in the healthcare sector, is rapidly transforming patient care with its patient-focused, market-driven solutions and scientifically proven healthcare products. Since its inception, Liyfe has been dedicated to delivering top-quality healthcare solutions through strategic partnerships and efficient distribution channels. Their mission is clear: to ensure patients receive the care they need, precisely when they need it.

Liyfe’s rise in the healthcare industry is marked by its unwavering commitment to quality and innovation, evident in its meticulous product development, which combines scientific research with practical applications. This dedication to excellence ensures that Liyfe’s products meet the highest standards of efficacy and safety.

CEO Philip Pace’s frequent visits to the UAE and the company’s year-on-year presence at the ArabHealth highlight Liyfe’s dedication to fostering strong business relationships and understanding the

Philip Pace, CEO of Liyfe

unique healthcare needs of the region. At the ArabHealth 2024 exhibition, Liyfe launched its functional probiotic range Probyx and its general health product range Vyvora.

With its diverse and innovative range of healthcare products, Liyfe is dedicated to addressing specific health needs with high-quality, effective solutions, enhancing patient care across the region. This hands-on approach keeps Liyfe at the forefront of delivering cutting-edge healthcare solutions tailored to the region’s needs. By ensuring that patients receive the best possible care, Liyfe is paving the way for a healthier future.

Liyfe offers a comprehensive product portfolio, each tailored to specific health concerns and care areas. This includes Mother and Child Care, Oncology Care, Diabetic and Cardiac Care, Intestinal Health, First-Aid, Neurological Care, and General Well Being. Their product range includes vitamin and nutraceutical blends, food supplements for special medical purposes, probiotic complexes, medical devices and dietary supplements for immune support, weight management, and mental and emotional well-being.

Mobility Elite Summit

by AlterLocus

In today’s globalized world, the international relocation industry is more dynamic and essential than ever before

As businesses expand their operations across borders and individuals seek new opportunities worldwide, the demand for professional relocation services continues to grow. This evolving landscape presents a unique set of challenges and opportunities for professionals in the field.

To thrive in this competitive environment, it is crucial for industry experts to connect, network, and collaborate. Building strong professional relationships not only helps in exchanging knowledge and best practices but also opens doors to new business opportunities and client referrals. Networking enables professionals to stay updated with the latest industry trends, technological advancements, and regulatory changes, ensuring they can provide the highest level of service to their clients.

Recognizing the need for a dedicated platform to foster these connections, we are excited to introduce the Mobility Elite Summit. This exclusive networking

event is designed to bring together the brightest minds and leading professionals in the international relocation industry. By creating a space for meaningful interactions, the Mobility Elite Summit aims to facilitate collaborations, spark innovative ideas, and drive business growth.

Get ready for a productive and insightful day structured to maximize your experience with a variety of activities and platforms:

CONFERENCE

Throughout the day, attendees can participate in a conference featuring panels and speeches from industry leaders, providing valuable insights and knowledge. Speaker slots are available for participants willing to share their views on trending industry topics.

EXHIBITION

In the exhibitor area, stands and booths will be available for participants to showcase their products and services, engage with visitors, and connect with other professionals. This interactive space will be a hub for discovering new innovations and forging business relationships.

NETWORKING

A dedicated networking area will also be available, allowing for one-on-one meetings and fostering meaningful connections among attendees. An online platform will be available prior to the event to book meetings with other participants, ensuring that attendees arrive with a full agenda in place.

Don’t miss the opportunity to get to know other industry leaders in a personal way through our various networking events:

BUSINESS LUNCH

All attendees will be served lunch midway through the event, offering a unique opportunity to create closer relationships in a relaxed setting.

SMALL COMMITTEE EVENTS

Attendees with premium passes will have the opportunity to enjoy two extra events, limited to 60 people:

Sunset Cruise: A boat cruise aboard a luxury yacht privatized for the occasion will take place at the end of the day around the magnificent Dubai Marina, allowing attendees to enjoy a unique sunset experience. Cocktails and drinks will be available for attendees to enjoy a relaxing time after the day’s events.

Dinner Experience: The end of the day will be marked by a wrap-up dinner in Marina Bay, providing one more opportunity for attendees to connect. Event awards will take place during dinner, adding a celebratory touch to the evening.

Whether you are a seasoned expert or new to the field, this summit offers a unique chance to expand your professional network, gain new clients, and enhance your service offerings.

Join us at the Mobility Elite Summit to connect with like-minded professionals, share your expertise, and collectively elevate the standards of the international relocation industry. Together, we can achieve greater success and provide exceptional service to our clients worldwide.

Gulf Business - MALTA

MALTA

Invest in Malta

Invest in Malta

YOUR MEDITERRANEAN GATEWAY TO EU

YOUR MEDITERRANEAN GATEWAY TO EU

ENCHANTING CLIMATE & LIFESTYLE

ENCHANTING CLIMATE & LIFESTYLE

THRIVING ECONOMY AND BUSINESS OPPORTUNITIES

THRIVING ECONOMY AND BUSINESS OPPORTUNITIES

ATTRACTIVE RESIDENCY AND CITIZENSHIP PROGRAMS

ATTRACTIVE RESIDENCY AND CITIZENSHIP PROGRAMS

PREMIER EDUCATION SYSTEM

PREMIER EDUCATION SYSTEM

QUALITY HEALTHCARE SERVICES

QUALITY HEALTHCARE SERVICES

TABLE OF CONTENTS

AUGMENTED REALITY

Malta,s Tourism Transformation

Strategic Vision and Sustainable Growth

History & Luxury All Year Round

History & Luxury All Year Round

Strengthening Malta-UAE Ties

50+ years of Collaboration and Growth

The Malta Chamber of

Commerce

Bridging Malta and Gulf Business Opportunities

Driving Economic Growth & Innovation

Malta Enterprise – Your Gateway to European Success

A welcome message from CEO Kurt Farrugia

A welcome message from CEO Kurt Farrugia

Unleshing Global Financial Connectivity A Dive Into The Malta Stock Exchange (MSE)

Malta's MFSA

Embracing Technology & Collaboration

Revolutionising Client Onboarding & Compliance

Revolutionising Client Onboarding and Compliance

Binderr Leads The Way

Binderr Leads The Way

Global Financial Ascension Strategic Vision

and Sustainable Growth

Strategic Vision and Sustainable Growth

Finance Incorporated Limited Driving Financial Innovation from Malta to the World

Relocate to Malta

Your Gateaway To Europe In The Heart Of The Mediterranean

RESIDENCY OPTIONS

MALTA CITIZENSHIP FOR EXCEPTIONAL SERVICES BY DIRECT INVESTMENT

Investment Migration

Chetcuti Cauchi Advocates On Residency & Citizenship Planning

Tax Considerations

Due Diligence Considerations

Property Investing Considerations

Business Considerations

Maltese Citizenship

Choose Immigrant Invest for Your Second Citizenship Application

Tailored Solutions for Second Citizenship

Expertise and Industry Knowledge Since 2006

Licensed and Trusted Agent – 99% Success rate

Maltese Residency

Your Gateaway To Europe & Beyond

Malta Offers Diverse Residency Options for Families, Individuals, and Entrepreneurs in an Era of Expanding Global Mobility

Malta’s Permanent Residence Programme:

Nomad Residence Permit

Malta Startup Residence Programme

Key Facts

Yakof Agius Associates

Yakof Agius & Associates

Yakof Agius & Associates

Malta’s Residence By Investment: Europe’s Opportunities

Malta’s Residence & Citizenship By Investment: Europe’s Opportunities

Malta’s Residence & Citizenship By Investment: Europe’s Opportunities

Acumum Backs Malta's Strengths

Acumum Backs Malta's Strengths

Acumum Backs Malta's Strengths

Investing In Malta’s Real Estate

Growth & Opportunities

Unity Makes Strength

Energy & Resources

The Maltese Journey Towards Sustainability

Small Island States

The Potential For Green Energy