9 Helpful online resources for businesses in Malta
by Yellow 70 Days
Here's the truth about many businesses in Malta: the person behind the "big idea" often needs help with the technicalities involved in setting up or running the business. So while they're not likely to run out of passion, which is a great thing, they may lack the insight it takes to make the wheels turn. And keep turning.
Statistics show that the majority of businesses in Malta (97 per cent) are micro-entities, employing less than 10 people. With limited manpower, businesses need all the help they can get. If you are one of those businesses, this list of online resources can help you understand some business basics or point you in the right direction.
Get the boost you need
Malta Enterprise offers a convenient list of ongoing schemes and grants available to businesses. From tax credits to education-based incentives, the website lists a vast range of support measures. As Malta's economic development agency, Malta Enterprise is committed to supporting the growth of existing businesses while attracting new foreign direct investment.
Zaar is Malta’s first designated crowdfunding platform for businesses. So if you have a great idea but need the money to make it happen, Zaar is the place to go. Set up by the Malta Business Bureau and the University of Malta, Zaar seeks to promote entrepreneurship in Malta and support local start-ups.
Sometimes businesses need a space where they can hatch and grow before taking off into the world. Takeoff is a technology business incubator based within CEBI (the Centre for Entrepreneurship and Business Incubation) and is located on the Enterprise Campus at the University of Malta. It aims to help entrepreneurs transform their ideas into market- and investor-ready ventures by offering mentorship and support.
Stay up to date
The Malta Chamber of Commerce, Enterprise and Industry have a website that's brimming with useful and inspiring content - from insightful articles to interviews with leading entrepreneurs and updated business news. The site also includes helpful resources such as an SME Tool Kit that offers clear information on how to start a business.
Finance Malta is the place to go if you want to stay up to date with the main business events happening on the island, and beyond. The calendar is always updated with the latest events. The website of Finance Malta, a public-private initiative aiming to promote Malta as an international financial centre, offers loads of resources. While the bulk of the content is quite technical, the site provides a useful glossary of financial terms.
Your businesses might require you to keep an eye open for any government-issued notices. In the Government Gazette, you will find a thorough listing of the publication of new laws, court and police notices, and much more. You'll also have access to the tenders issued by government which you can also access through this dedicated portal.
A to Z of all government websites. Here's a link that opens up into a multitude of other useful links. From the Inland Revenue Department to scholarships and nationals statistics, you're bound to find resources you never knew you needed.
Build and grow your business
Business 1st is a website set up by the Maltese government to offer a single point of contact for businesses. It provides free access to all the information required during a business' lifecycle - from starting your own business in Malta to running and growing the business and closing down if required. Within the site, you will find a wealth of links to helpful forms and pages that walk you through the process.
Practical guide to doing business in Europe. If you plan on venturing beyond Malta's shores, here's a site that can be very helpful. You'll find all you need to know about starting up and running a business in any EU country. For example, you can gain access to VAT rates and insight into country-specific rules and regulations such as employment contracts and company tax rates.
There are many resources out there that aim to support Maltese businesses. Yellow is one of them. We offer a great way to help your audience find you online.
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