Retail is one of the largest contributors to the Maltese economy, as the country is currently one of the most performant economies in the European Union. From small shops to hypermarkets, Maltese citizens shop from all sorts of stores, however there is also the large portion of tourists going about the streets of the cities who shop from craftsmen. Most of the stores opened in Malta are family businesses which sell locally produced goods.
Investors who want to open shops in Malta have various choices which is why establishing a company in the retail sector is a very prolific business venture. Our company formation consultants in Malta can assist those who want to set up stores here.
The Trading Licenses Regulations is the main law governing the retail industry in Malta. It provides for the types of licenses which need to be obtained when opening a store in Malta. However, this is not the only law covering retail, as investors must also register a company or a sole proprietorship according to the Company Act.
As an EU member state, Malta must also adhere to EU directives regulating the retail sector. Our Maltese company formation advisors will assist with the registration procedure of any type of store.
Foreign investors who want to create a store in Malta must first decide on the size of the shop and then apply for the license which allows them to sell the products. Import and export licenses must also be obtained depending on the provenience, respectively destination of the products.
The premises of the shop must be a commercial building which requires a special infrastructure for storing and displaying the products.
As mentioned above, the Trading Licenses Regulations provides for the type of licenses when opening a Maltese shop. These are mainly meant to regulate the size of the shop. Under this law, stores in Malta are divided into small and large shops for which a street market hawker license, respectively a market hawker permit is required.
If you want to set up a shop in this country and need assistance, do not hesitate to contact our company incorporation representatives in Malta.