ARTICLE
10 May 2016

Nearly 11% More Businesses Registered In Malta Last Year

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.
In 2015, registered business units in Malta amounted to 87,971, an increase of 10.9 per cent, or 8,615, over the number of registered units in 2014, the National Statistics Office (NSO) reported.
Malta Wealth Management

In 2015, registered business units in Malta amounted to 87,971, an increase of 10.9 per cent, or 8,615, over the number of registered units in 2014, the National Statistics Office (NSO) reported.

According to data published by the NSO on Monday, registered units in financial and insurance activities, professional, scientific and technical activities, administrative and support service activities, and construction amounted to 15.6, 11.3, 7.8 and 7.7 per cent respectively of the total registered units in 2015.

97.4 per cent of registered units employ less than 10 persons and are considered micro entities. These micro entities range from electricity, gas, steam and air conditioning suppliers, cottage industry activities where employers and employees are members of the same household, activities of extraterritorial organisations and bodies and public administration and defence.

On the other hand, only 100 registered units employ more than 250 persons and are classified as large undertakings.

(Source: NSO)

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