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 12t and 13t 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].
Questo articolo è solo a scopo informativo e non deve essere interpretato come consulenza legale.
Articolo scritto dalla Sig.ra Charlene Sciberras, B.A. (Hons), collaboratrice esterna, specialista in marketing e amministrazione aziendale con un focus particolare su questioni societarie, contabili e legali.
Sciberras Advocates, fondato dall'Avvocato Adrian Sciberras, è uno studio legale con sede a Malta. Lo studio si vanta di essere multidisciplinare, innovativo e flessibile per far fronte ai tempi che cambiano e a qualsiasi sfida nello scenario legale locale e internazionale. Qualunque siano le complesse esigenze private o societarie richieste, Sciberras Advocates offre soluzioni legali pratiche ed economiche per raggiungere i risultati desiderati. È possibile contattare Sciberras Advocates telefonicamente al numero +35627795222o via email su [email protected].
