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Malta An Ideal EU Foothold For UK Companies Post-Brexit

by Jason Gorringe, Lowtax.net, London
08 November, 2017

Malta's Prime Minister, Joseph Muscat, has highlighted the attractions of the island as an EU foothold for UK companies post Brexit.

Speaking to business leaders and policymakers at a lunch hosted by the City of London, Muscat told his audience he does not subscribe to the idea that businesses will simply run off from the City of London because of Brexit. Instead, he believes that what will happen is the City will remain a very important global player, but companies are making plans to be able to have part of their business co-located in an EU jurisdiction.

He said: "Our approach as a country is to offer Malta as a co-location jurisdiction rather than outright re-location possibility. We are an ideal place for companies with a presence in the UK and which want to have a new foothold in the EU to co-locate. This is the way we are positioning ourselves irrespective of the outcome of Brexit negotiations, and industry players are reacting positively to such an attitude."

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