Starting a Business in Malta as a Foreign Entrepreneur
Malta is one of the most accessible EU jurisdictions for foreign entrepreneurs. Its English-speaking environment, straightforward registration process and favorable tax regime make it an ideal gateway to the European market. Here is what you need to know about starting a business in Malta as a non-resident.
EU/EEA citizens
Citizens of EU and EEA countries enjoy full freedom of establishment in Malta. You can register a company, serve as a director and operate your business without any special permits. A Maltese tax identification number and social security number are required, both easily obtainable through the Inland Revenue Department and the Department of Social Security respectively.
Non-EU citizens
Non-EU nationals can own shares in a Maltese company without restriction. However, if you wish to reside in Malta and manage the company locally, you will need a residence permit. Options include: the Malta Startup Residence Programme for innovative startups, the Global Residence Programme offering a flat 15% tax rate on foreign income remitted to Malta with a minimum annual tax of EUR 15,000, and the standard work permit route through a Maltese employer (which can be your own company). The Malta Digital Innovation Authority (MDIA) also supports tech entrepreneurs through dedicated programmes.
Banking in Malta
Opening a business bank account is a critical early step. Malta's main banks are Bank of Valletta (BOV), HSBC Malta, APS Bank and BNF Bank. Due diligence requirements have increased in recent years, so expect thorough KYC checks including source of funds documentation and detailed business plans. Alternative options include fintech providers like Revolut Business and Wise Business, which can serve as interim solutions while traditional bank account applications are processed.
Practical considerations
- Language: English is an official language; all business and legal documentation is available in English
- Time zone: CET (UTC+1), convenient for European and Middle Eastern markets
- Office space: Flexible options from virtual offices (EUR 100-200/month) to serviced offices in business hubs like SmartCity Malta and the Malta Life Sciences Park
- Talent pool: Multilingual workforce with strong specialization in financial services, gaming and technology
- Malta Enterprise: Government agency offering grants, tax credits and soft loans to qualifying businesses through programmes like MicroInvest and Smart & Start
Key advantages
Malta's small size is an advantage: government agencies are accessible, bureaucratic processes are manageable, and the business community is close-knit. The country also benefits from excellent digital infrastructure, with high-speed internet widely available across the islands. Malta's membership in the Eurozone eliminates currency risk for EU trade, and its extensive network of over 70 double taxation treaties provides tax certainty for international operations.
Zunapro assists foreign entrepreneurs at every stage of establishing their business in Malta, from initial planning through to full operational launch.
