MALTA

Why Malta?

Malta is an island in the Mediterranean: geographically detached from the surrounding countries but Malta is today one of the EU Member States, with very good relations with North Africa and a history of success stories wherever Maltese were involved in the business.

Gutenberg Press is committed to consistently deliver a high standard of quality. Irrespective of the urgency, the client, the target dates and the margin of the job we do not compromise on the quality of our product. We aim for 100% customer satisfaction.

The company employs a solid workforce of qualified and experienced people who are constantly trained to adapt to new technology, systems and processes. Being an island we understand the need for expedient delivery times and with this, in mind, we are constantly improving our delivery networks to offer the fastest and most competitive delivery options to our customers worldwide. During the years, the portfolio of Gutenberg has grown and changed with all the different demands the industry.

General Economic Environment in MALTA

Malta has a vibrant economy, experiencing modest growth even at a time when the world is living a prolonged recession. Malta has long-standing commercial ties with Europe, North Africa and the Middle East and this represents one of the key advantages of doing business in or from the island.

Malta's EU-based (but with Westminster system foundations) legislative and regulatory systems create a sound and flexible framework for business. Direct and indirect labour costs are very competitive when compared to the older EU Member States.

When productivity, working hours, social security costs and other employment taxes are factored in, labour costs become even more competitive and advantageous when compared to that in the European continent (and the European leader in cost of operations amongst English speaking countries). Collective bargaining is conducted at an enterprise level with industrial strife remaining a rare occurrence.

Malta's has a well-regulated banking system and the Central Bank of Malta is a member of the European System of Central Banks (ESCB) and the Eurosystem. Its safe and stable banking environment is well recognised with it being classified as the most solvent in the EU and the 10 soundest banks in the World (by the World Economic Forum). It in fact is one of the few systems that avoided any need for bank bail-outs during the global financial crisis.

The World Economic Forum (WEF) has confirmed Malta's place as the 27th "most networked economy in the world"., Malta is also been identified as one of the top three financial centres worldwide and is also listed among the more attractive countries for financial centre relocation. English is the more widely used business language but its multi-lingual and multi-cultural background facilitates global business for locally based firms. Malta’s currency is the Euro.

The end result is that Malta now has a long-standing capacity to attract and retain significant Foreign Direct Investment. Malta’s economy is now steadily moving from labour-based to a knowledge-based industry thus attracting Foreign Direct Investment from countries like the UK, German, Italy, France, Spain and the United States in primary areas as are the eGaming, Financial, Pharmaceutical, ICT and maritime industries.

Malta’s favourable industrial climate and pro-business policies have led it to become identified as a lead, innovation-driven economy by the World Economic Forum.

Testament to Malta's strengths and attractiveness to business, Malta is today considered as home by more than 200 world-class companies employing over 30,000 people and accounting for more than 85% of Malta’s business output. Main economic sectors include tourism, electronics, high value added manufacturing, healthcare, pharmaceuticals and medical devices, ICT and electronics, financial services, education & training, logistics and maritime with:

• More than 600 regulated financial entities, up from 180 at the end of 2004. In addition, around 11,500 other non-regulated entities operate in Malta and service international clients, offering legal and other support services;
• More than 450 remote gaming applications received since 2004, Malta received and boasts a labour force of 2,085 employees who are directly employed in the remote gaming industry;
• More than 20 international pharmaceutical firms such as Actavis and Siegfried Holdings have moved business to Malta
• €60 million expansion of Lufthansa Technik's existing Maintenance, Repair and Overhaul operations in Malta;
• HSBC 300-person call centre to handling "high-value" English-language calls for UK-based bank HSBC. In addition to in-house deployments such as HSBC, there are a number of independent outsourcers established on the island, and a host of others providing a range of services that include technical help, order taking, information lines, telesales and customer support services to a range of industries including travel and tourism, telecommunication and financial services;

Testament to Malta's strengths and attractiveness to business, Malta is today considered as home by more than 200 world-class companies employing over 30,000 people and accounting for more than 85% of Malta’s business output. Main economic sectors include tourism, electronics, high value-added manufacturing, healthcare, pharmaceuticals and medical devices, ICT and electronics, financial services, education & training, logistics and maritime with:

1. More than 600 regulated financial entities, up from 180 at the end of 2004. In addition, around 11,500 other non-regulated entities operate in Malta and service international clients, offering legal and other support services;
    
2. More than 450 remote gaming applications received since 2004, Malta received and boasts a labour force of 2,085 employees who are directly employed in the remote gaming industry;
    
3. More than 20 international pharmaceutical firms such as Actavis and Siegfried Holdings have moved business to Malta
    
4. €60 million expansion of Lufthansa Technik's existing Maintenance, Repair and Overhaul operations in Malta;
    
5. HSBC 300-person call centre to handling "high-value" English-language calls for UK-based bank HSBC. In addition to in-house deployments such as HSBC, there are a number of independent outsourcers established on the island, and a host of others providing a range of services that include technical help, order taking, information lines, telesales and customer support services to a range of industries including travel and tourism, telecommunication and financial services;