ARTICLE
7 March 2019

Family Businesses In 2018 | Numbers & Figures

FM
Finance Malta

Contributor

Finance Malta is a non-profit public-private initiative set up to promote Malta as an international financial centre, both within, as well as outside Malta. It brings together, and harnesses, the resources of the industry and government, to ensure Malta maintains a modern and effective legal, regulatory, and fiscal framework in which the financial services sector can continue to grow and prosper. The Board of Governors, together with the founding associations: The Malta Funds Asset Servicing Association, the Malta Bankers Association, the Malta Insurance Association, the Association of Insurance Brokers, the Malta Insurance Managers Association, the Institute of Financial Services Practitioners; its members and staff are all committed to promote Malta as an innovative international.
Recognised family businesses in Malta can apply for a variety of incentives and benefits. Here's a list of numbers & figures relating to family businesses.
Malta Finance and Banking

Recognised family businesses in Malta can apply for a variety of incentives and benefits. Here's a list of numbers & figures relating to family businesses.

This is why we are helping family businesses

Pythagoras said that numbers rule the universe and whilst family businesses will be the first to attest the importance of keeping tabs of numbers and figures we’d like to share with you some of our own numbers accumulate during the last year and hope to be able to provide even stronger numbers next year.

  • Over Euro 29 million of savings by family businesses thanks to the fiscal benefits, governance schemes and tax credits made available.
  • Over Euro 12,000,000 revenue raised by the public
  • Over 55,000 media views on social media 
  • Over 4,600 users on the website
  • Approximately 2,000 emails received to the Family Business Office for assistance and support
  • Over 1,000 persons transferred their business to family members
  • 15 events throughout the year 
  • 11 incentives and benefits for family businesses
  • 4 local and European memberships
  • 1 dedicated team

Recognised family business can apply for a variety of incentives and benefits ranging from fiscal benefits, governance incentives, tax credits, and bank finance schemes.  

Source: Family Business Office - Dr Nadine Lia

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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