SMEs and family businesses are the backbone of the Maltese economy. This was one of the opening liners from the speeches given to attendees at the Transeo Winter Summit Malta 2023, held on the 12th and 13th of October with the collaboration of the Family Business Office in Malta.
Throughout history, family businesses have played a pivotal role in shaping Malta’s economic landscape, often standing as resilient and dynamic pillars of its economy. Despite many successful family businesses, these enterprises are often vulnerable due to various factors such as the lack of succession planning, interest diversification from one generation to the other, personal conflicts between family members, management transitions, balancing family dynamics with business decision, and more, which in the long run bring challenges to what we associate as a strong business with clear visions and values.
Strategic planning, governance, succession planning, business transfers, business sale, fresh ownership, mergers and acquisitions are all topics that were discussed during the summit to which our associate lawyers Dr Roseanne Sant Cortis and Dr Daniil Kazakov attended.
Family businesses are an integral part of the Maltese economy and have a significant presence in the country. These businesses often span various sectors, including retail, manufacturing, tourism, and services, providing employment opportunities, and fostering economic growth. Many family businesses in Malta have a long history, with some dating back several generations. These businesses have successfully passed down their legacy, knowledge, and values from one generation to the next but like family businesses everywhere, Maltese family enterprises face challenges. The Family Business Office in Malta provides support for family businesses through various initiatives, including financial assistance, training programs, and incentives to promote growth and innovation.
Very often family businesses are complex and carry certain wealth in terms of the business itself and property investments, which often require legal advice when it comes to succession, inheritance, estate and wealth planning, business take over or exit strategies. Should you wish to consult with one of our lawyers do not hesitate to contact us: [email protected].
Este artículo es solo para fines informativos y no debe interpretarse como asesoramiento legal.
Artículo escrito por la Sra. Charlene Sciberras, B.A. (Hons), colaboradora invitada, es una especialista en marketing y administración de empresas con un enfoque especial en asuntos corporativos, contables y legales.
Sciberras Advocates, fundado por el Dr. Adrian Sciberras, es un bufete de abogados con sede en Malta. La firma se enorgullece de ser multidisciplinar, innovadora y flexible para adaptarse a los tiempos cambiantes y a cualquier desafío en el panorama legal local e internacional. Sin importar las complejas demandas privadas o corporativas que se requieran, Sciberras Advocates ofrece soluciones legales prácticas y rentables para lograr los resultados deseados. Puede contactar a Sciberras Advocates por teléfono al +35627795222o por correo electrónico en [email protected].
