Malta Enterprise is the Maltese government's exclusive agency focused on attracting

inward investment Inward investment is the injection of money from an external source into a region, in order to purchase capital goods for a branch of a corporation to locate or develop its presence in the region. Foreign sources, such as transnational corporatio ...

and supporting enterprise in

Malta Malta ( , , ), officially the Republic of Malta ( mt, Repubblika ta' Malta ), is an island country in the Mediterranean Sea. It consists of an archipelago, between Italy and Libya, and is often considered a part of Southern Europe. It lies ...

. Its role is to act as a single point of contact for all enterprise support in Malta and to provide cohesion to government policies and efforts relating to enterprise in the country. The corporation came into being through the 2003 Malta Enterprise Act, and the agency, which became operational in January 2004. It combined the functions of three separate government offices – the Malta Development Corporation, (an

investment promotion agency An investment promotion agency (IPA) is most often a government agency (or occasionally a non-profit organization functioning similar to a chamber of commerce or business consulting corporation) whose mission is to attract investment to a country, s ...

), Malta External Trade Corporation (an import-export promotion agency) and the Institute for the Promotion of Small Enterprise (a

small business Small businesses are types of corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being able to ap ...

support service) – into a single entity that now serves as the national representative for Malta’s commercial and financial endeavors. As the national

economic development In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and o ...

agency, Malta Enterprise develops support measures to create an environment conducive to the growth and development if enterprise in Malta, facilitates

foreign investments A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ...

, organises and hosts visiting business delegations and participates in global trade and business conferences. In May 2012 Lawrence Zammit, former Chairman of Malta Development Corporation and

Air Malta Air Malta plc (stylized as airmalta) is the flag carrier airline of Malta, with its headquarters in Luqa and its hub at Malta International Airport. It operates services to destinations in Europe, the Middle East and North Africa. History ...

, was appointed Chairman, whereas Sue Vella, former Chief Executive Officer of the Employment and Training Corporation, was named Chief Executive Office of Malta Enterprise. In May 2013

Mario Vella Mario Vella (born 1953 in Tripoli, Libya, Tripoli) is a Maltese philosopher, economist and politician. He was Governor of the Central Bank of Malta from 2016 to 2020. Biography Studies and academic career Vella was born to a Maltese family in ...

, former Chief Executive Officer of the Malta Development Corporation, was appointed Chairman, whilst William Wait was named the deputy chairman. Once Mario Vella was appointed as Governor of the

Central Bank of Malta The Central Bank of Malta ( mt, Bank Ċentrali ta’ Malta) is the central bank of the Republic of Malta. It was established on 17 April 1968. In May 2004, when Malta joined the European Union, it became an integral part of the European Syste ...

in 2016, William Wait took over as chairman of Malta Enterprise.

References

External links

Malta Enterprise web site

Malta Enterprise portal for setting up business in Malta
Economy of Malta Government agencies of Malta Inward investment Export promotion agencies {{Malta-stub