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.
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