06.02.2024
The startup industry is evolving every day, and it’s filled with innovation, bright ideas, and excellence. Malta is booming with startups and tech companies and plays a pivotal role in the startup growth story worldwide. This aspect is also a key player to new economy in Malta. Thanks to the ease of doing business in Malta, it promotes a competitive environment for startups and investments.
Startups bring innovative strategies targeted to accelerate growth and economic diversification. Our services for startups in Malta are based on a bigger vision which includes long-term relationships with the founders to support the business from the initial stages of planning, forming the business structure, prepare financial projections, and funding and grants.
Our team can help you kick start your business and offer guidance and consultancy services all along the way. Our business coaches will assist you on the best way to grow your idea into a successful business. Our main services for startups include:
Startups Consultancy
Our team can assist from the stages of developing a business idea to implementing stages. Thanks to many years of experience with various small- and large-scale businesses from various industries, our services for startups will help you at various stages of the business cycle and specifically at growth stage. We provide you with an expert advice and objective financial views for the business venture to lead you towards success.
Administration Services for Startups
Anything related to office administration work can be outsourced to Fairwinds Management. Whether it is on a long-term contract, or a short-term period, Fairwinds Management can assist with administration and back-office services.
Accounting Services for Startups
Anything related to numbers, we got you covered, from bookkeeping to accounting, VAT returns and VAT compliance, tax returns, management accounts, profit and loss and financial reporting. Our team is made up of qualified accountants and accounts executives who can handle all your accounting needs.
Payroll Services for Startups
Payroll services can be easily outsourced to Fairwinds Management and are handled according to the local legalisations. On a monthly basis we submit the FS5 form to the Commissioner for Revenue (CfR) for the declaration and payment of the tax, SSC/NI and maternity leave trust fund contributions. At end of year, we handle all statutory reporting such as the annual Statement of Earnings (FS3) of all employees, issued individually to them showing the yearly gross salary, taxes and social security payments, and the Annual Reconciliation Statement (FS7) which shows the monthly taxes, social security contributions and maternity leave trust fund contributions due and the payments made to the Department.
Fairwinds Management can help you kick start your startup in Malta and offer guidance and consultancy services all along the way. Contact us to day to create your startup success story in Malta.
Fairwinds Management Limited is a MFSA licensed firm offering Business Solutions in Malta. As part of our services, we offer Accounting, Administration, Corporate and Legal solutions. Fairwinds Management also manages the brand Accounting Services. More information about us and our key services please visit our website. You may reach Fairwinds Management on +356 2704 0903 or info@fairwindsmanagement.net.
Article written by Ms Charlene Sciberras, B.A. (Hons), guest writer, a marketing and business administration specialist with a special focus on corporate, accounting, and legal matters.