Malta has established itself as one of the top destinations for business operations in Europe, and is now recognised as a commercial hub in selected industries. When considering alternatives, those searching for Commercial Property in Malta have a wide range of options when setting up shop or relocating to a more suitable property for their operation.
From it’s position, Malta acts as a channel between West Europe and the Middle east, as well as a main route between the South of Europe and North Africa. Strategically located at the heart of the mediterranean, Malta is often a favoured location for international organisations looking at overseas commercial property solutions in Europe.
Apart from its positioning, Malta enjoys a healthy economic environment, and a strong network infrastructure, equipping it with attractive features where international businesses may set-up, relocate, and administer or support their main operations.
Malta, also an EU member state, possesses a highly skilled and adaptable workforce who have been brought up with English (and Maltese) as native languages. Many Maltese are also fluent in a third language, mainly Italian, French, German or Spanish.
Tax incentives may be one of the main contributors for interest in the Maltese Islands as a regional base or company headquarters. Countless organisations have set-up shop in Malta because they are eligible to benefit from a very favourable corporate tax system which enables remarkable tax refunds. This effectively reduces tax rates from 35% to 5% in many cases, and creates a great platform from which companies may launch themselves into the global market.
As part of the set-up process, an operation will need a commercial property in order to have an operating base for their business. Some operators may just opt for a business address when physical presence on the island is not a requirement, but an address would constitute a legal requirement. Others may require an entire floor of office space for their various departments from which they may run their entire operation.
Premium commercial property in Malta is in high demand, and the most popular enquiries are normally directed to commercial properties located in Sliema, St. Julians, Ta’ Xbiex and Valletta. Centrally, Gzira and Msida, have both seen a relatively high increase in demand in recent years and when compared to the afore-mentioned localities. Luqa, home to the Malta International Airport, is also gaining popularity mainly thanks to the development of a hi-tech business centre situated on the Airport grounds.
The process for finding commercial property can be somewhat challenging, especially if one is not familiar with the commercial property market in Malta. There are various channels that one may use to find commercial property for rent, yet the best results can be obtained with the least effort if a specialised commercial property agency is hired for this complex process. An estate agency will offer their guidance in the property review and selection stage, and will assist their clients throughout the entire leasing process right up to agreement signing. Estate agencies in Malta will charge an agency equivalent to the industry standard, being 10% of the total rental of the first year’s rent. To give a practical example, if an agency has successfully completed and agreement for a commercial property renting at €20,000 per year, the agency will charge a fee equal to €2,000 to the tenant, and the same amount will be charged to the landlord.
If you’re about to start your search for commercial property in Malta, you’re already on the right track. We have a remarkable selection of distinguished commercial property for rent in Malta’s most requested localities. Get in touch with us through the form below. We’ll be happy to offer you all the guidance needed to for a painless and hassle-free commercial property rental solution.