Malta - aerial

The number of business units registered in Malta increased by 3.7 per cent over 2019 and now amount to 130,745.

This means that an additional 4,713 unit were registered in 2020.

The figures emerge from a National Statistics Office report released on Monday, which noted that a vast majority, 97.4 per cent, of businesses are of micro size, employing between 0 and 9 persons.

Source: NSO News Release 81/2021

This sector saw an increase of 4,619 business units over 2020, a rise of 3.8 per cent.

The population of small business employing 10 to 49 persons stood at 2,682 in 2020, an increase of 83, or 3.2 per cent, over the preceding year. Small businesses make up 2.1 per cent of all business units in Malta.

Medium businesses employing 50 to 249 employees accounted for 555 (0.4 per cent) units, up by nine from 2019.

Large businesses employing 250 persons or more meanwhile amounted to 135 (0.1 per cent), two more than in 2019.

In 2020, 50.5 per cent of the registered units were sole owners or partnerships, 45.8 per cent were limited liability or public limited companies, while 3.7 per cent were governmental, non-profit or other types of legal organisations.

NSO News Release 81/2021

New registrations in 2020 amounted to 10,530 units whilst deregistrations amounted to 10,187 units. In 2019 these figures were around 11,400 and 5,900 respectively.

The significant increase in the number of deregistrations in 2020 when compared to 2019 may be partly attributed to the defunct companies that had been struck off the Malta Business Registry last year as part of a general clean up of the registry .

Vessel and aircraft creditors’ rights ‘tightly protected’ under new insolvency rules, says Official Receiver

April 21, 2024
by Robert Fenech

Malta’s new insolvency laws includes special provisions for the maritime and aviation sectors

‘Look for villages around Malta instead’: Expat advises against settling in ‘chaotic’ Northern Harbour area

April 20, 2024
by Fabrizio Tabone

Alex Vasilevski acknowledges that choosing where to live is crucial to how one views the country

Unpacking Malta’s new American-style bankruptcy framework

April 19, 2024
by Robert Fenech

The EU is reforming its insolvency rules to adopt some of the most beneficial elements of the US framework