Malta earns the 4th place destination for startups: fostering innovation and entrepreneurial spirit, offering residency for non-EU citizens

Malta earns the 4th place destination for startups: fostering innovation and entrepreneurial spirit, offering residency for non-EU citizens

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Amidst the myriad of options available worldwide, Malta has emerged as a shining beacon for aspiring entrepreneurs, earning the prestigious ranking of 4th in the list of ideal destinations for startups (according to The Europe Startup Nations Alliance (ESNA)’s survey across 21 EU countries). With its conducive business environment, supportive ecosystem, and strategic location, Malta is a place where innovation and success can truly flourish.

Malta’s attractiveness as a hotspot for startups owes much to its business-friendly regulations. The government has put in place various measures to encourage entrepreneurship and lure investment. These include tax incentives for startups, streamlined regulatory procedures, and support programs for innovation and research, venture capital fund etc. Such initiatives create an environment where startups can thrive, enabling them to focus on their core business activities without undue bureaucratic hurdles.

Moreover, Malta’s strategic location at the crossroads of Europe, Africa, and the Middle East further enhances its attractiveness as a startup destination. The archipelago’s proximity to major markets provides startups with access to a diverse pool of talent, potential customers, and business opportunities. Additionally, Malta’s membership in the European Union offers startups access to the EU single market, facilitating trade and expansion across borders. Right time to remind you about Malta Start Up programme, granting EU residency for NON-EU citizens.

About Malta Start-up residency programme:

The Malta Start-up Residency Programme is a government initiative that aims to attract foreign entrepreneurs and start-ups to establish their businesses in Malta. The programme provides a three-year extendable residency permit to non-EU/EEA nationals who have an innovative business idea and are willing to establish their start-up in Malta.

The programme is seen to attract talented entrepreneurs and innovative start-ups to Malta, bringing new ideas, investments, and business opportunities to the country. It also aims to create a vibrant start-up ecosystem and support the growth of the local economy.

The Malta Start-up Residency Programme has gained popularity among foreign entrepreneurs and has been successful in attracting start-ups from various sectors, including technology, fintech, healthcare, and digital innovation. It offers an attractive opportunity for entrepreneurs to launch and establish their businesses in a business-friendly and EU-accredited jurisdiction like Malta.

To be eligible for the programme, applicants need to have a minimum viable product, a business plan, and a financial commitment of €25,000 as a minimum share capital for their Malta Company. They also need to prove that their start-up has the potential to create jobs and contribute to Malta’s economic growth. Furthermore, applicants are required to have a valid passport, health insurance, and a clean criminal record.

Once accepted into the programme, start-up founders and their families can reside in Malta for a period of three years, with the possibility of extending their residency for the next 5 years, depending on the growth and success of their start-up. Residency also granted to core employees (annual earning not less than 30,000 €).

Participants also have access to a range of support services, including assistance with obtaining office space, networking opportunities, and access to funding schemes and grants.

For more information contact us today!

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