.Bio Technology and Life sciences in Malta
Having actively encouraged and supported the industry of pharmaceuticals and biotechnology manufacturers settling in Malta for a number of years now , the Maltese Government is investing heavily in the R & D sector related to these fields. In San Gwann, close to the University and the Main Hospital of Malta, for future collaboration projects, 4 new buildings, the Bio Malta Campus, dedicated to Life Sciences especially in the healthcare sector, are in their finishing stages. The first tenants will be in from end of 2015. There will be over 10.000 sqm of state of the art laboratory space allocated for R & D, and about 3.500 sqm for business incubation facilities, accompanied by conference and meeting facilities, retail units and food and beverage outlets. These premises are going to be administered by Malta Enterprise www.maltaenterprise.com and being leased to local and foreign investors in the life science and bio- technology sector for very competitive rates. The construction of related manufacturing units nearby is in the planning phase too. Malta wants to build upon its century long reputation being a healthcare hub in the Mediterranean. Upon request we can provide further more detailed information and arrange all necessary meetings and applications.
Malta is an ideal and very central location, fully integrated in Europe with its benefits, but close to the upcoming new neighboring markets in Northern Africa and Middle East. Compared to other European countries, salaries and wages in Malta are still very reasonable, paired with an excellent work ethic and a generally above average higher education. Entrepreneurs and SMEs can benefit from support for the training of future employees to the needs of the business, qualified business advise, grants up to 50% for first time taking part in international exhibitions with an own stand , travel allowances, soft loans, guarantees, and tax credits for sustainable new employments and innovative investments. These are valid up to 5 years and can be used to steer the tax burden down to 0% in Malta, provided an intelligent management of investments and employment. ( Malta Business Promotion Act) Generally can be said, the Maltese administrative bodies are very supportive and accessible. Us at SSCI, having been originated in the manufacturing industry ourselves, know the “ local scene” of service providers and suppliers quite well. We would be happy, to assist you with your expanding projects or exploring new business opportunities. Talk to us J