Malta as a hotspot for pharmaceutical companies

Mal­ta is not only pop­u­lar with finance and iGam­ing com­pa­nies, there are many oth­er indus­tries that ben­e­fit from what the Mal­tese islands have to offer, among them many phar­ma­ceu­ti­cal com­pa­nies. Mal­ta offers a sol­id legal frame­work for com­pa­nies and many skilled work­ers for the indus­try.

Mal­ta has a long his­to­ry of health care start­ing with the Knights of Mal­ta who built the most mod­ern hos­pi­tals of that time in the mid­dle of the 16th cen­tu­ry. Nowa­days, the indus­try employs well over 1,000 peo­ple, and com­pa­nies are main­ly attract­ed to set­tling in Mal­ta because of the incen­tives and ben­e­fits a com­pa­ny can get. The Mar­ket­ing Autho­ri­sa­tion from the Mal­tese Med­i­cines Author­i­ty is recog­nised among oth­er mem­ber states of the EU, since Mal­ta is a mem­ber state, and EU agree­ments will be effect­ed. This also means that com­pa­nies who have Mar­ket­ing Autho­ri­sa­tion from anoth­er mem­ber state can estab­lish a com­pa­ny in Mal­ta with­out hav­ing to get anoth­er autho­ri­sa­tion from the Mal­tese author­i­ties.

A phar­ma­ceu­ti­cal com­pa­ny in Mal­ta can ben­e­fit from the attrac­tive tax­a­tion struc­tures Mal­ta offers. A lim­it­ed com­pa­ny in Mal­ta is sub­ject to 35% cor­po­rate tax. The share­hold­ers of the com­pa­ny can, if cer­tain cri­te­ria are met, claim a refund of part or all of this tax. How much the amount is depends on how the com­pa­ny gen­er­at­ed that income and where it comes from.

Some of the oth­er advan­tages Mal­ta holds for phar­ma­ceu­ti­cal com­pa­nies are the sup­port of the gov­ern­ment and local author­i­ties, finan­cial assis­tance and facil­i­ties to dis­pose of phar­ma­ceu­ti­cal waste.

If you are inter­est­ed in more infor­ma­tion about set­ting up a phar­ma­ceu­ti­cal busi­ness in Mal­ta you are wel­come to con­tact the legal office of Dr. Wern­er & Part­ner for more infor­ma­tion. We are spe­cialised in com­pa­ny for­ma­tions and legal assis­tance to entre­pre­neurs.

About Philipp Sauerborn

In 2005, Philipp Sauer­born joined the firm of St. Matthew in Lon­don, one of the lead­ing Ger­man account­ing firms in Eng­land renowned for its exper­tise in cor­po­rate, com­mer­cial and tax law, as a depart­ment head. After three years, he was a part­ner and man­ag­ing direc­tor.
Towards the end of 2011, he decid­ed to move to Mal­ta, where he first worked at inter­na­tion­al law firms and con­sul­tan­cies in an employed and con­sult­ing capac­i­ty. Since the begin­ning of 2013, he has been a senior employ­ee at Dr. Wern­er & Part­ner. Mr. Sauer­born is cur­rent­ly com­plet­ing his ADIT ‑Advanced Diplo­ma in Inter­na­tion­al Tax.

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