Malta has recently launched a residency programme for highly innovative startup and scale up ventures. Non-EU founders who would like to use Malta as their launch pad for their new business, from its strategic location in Europe, now have a viable relocation opportunity, designed specifically for this purpose. CEO Insight spoke to Charles Mizzi, Chief Executive Officer of Residency Malta, the government agency which administers the Programme, to find out about what opportunities await entrepreneurs willing to move.
CEO Insight: What is the purpose behind launching the Malta Startup Residence Programme? What will it serve to add to Malta’s existing programme portfolio?
Charles Mizzi: This new Programme is intended to attract more highly innovative startup businesses to our shores, thereby adding to the country’s existing startup ecosystem while attracting skills and talent and boosting our local economy. This 3+5-year residency programme is specifically designed for non-EU entrepreneurs with highly innovative startups with the aim is to facilitate the immigration process so that founders can fully focus on growing their business, rather than having the strain to renew their residency permits annually. We understand that the first three years are crucial for startups, and this programme helps founders to focus entirely on their operations from a comfortable location. As with all the programmes Residency Malta offers, we are after quality applicants who have viable business projects with disruptive products or services