What Ireland can learn from Malta about Brexit

While most of the economies in the EU seem to be stuck with very low economic growth rates, Malta managed to record an impressive 6.3% expansion in 2015.

Malta is positioning itself as an alternative for companies willing to enter the EU market, and plans to use the EU Presidency, which passes to Malta for the first time in January 2017, to promote itself to UK-based international banks.

A recent visit to the island’s highly competitive, English-speaking (yes, we are not the only ones touting this advantage after Britain exits) and onshore EU jurisdiction allowing “passporting” and “re-domiciliation” of funds, with an efficient fiscal regime, a balmy Mediterranean climate and an ethical and professional workforce, left me with the impression that we will need to put our best foot forward to attract financial services from London as the Brexit talks get underway next year.