An Indian multinational pharmaceutical company, has set up shop in Malta, investing some EUR10m and employing between 100 and 120 people, The announcement was made during a joint news conference at the IT and Investment Ministry, fronted by Investment Minister Austin Gatt and the new company,  Aurobindo vice-president, V. Maralidmaran.

Dr Gatt said the company is one of the top five in India and has a worldwide presence. “The company has already been allocated premises in the Hal Far industrial estate to open its production facility and work has already started,” said Dr Gatt.

Malta has been seen by the company as its European hub adn a gateway to Europe.

The reason to set up shop in Malta was that the islands have a very capable and flexible workforce, which is also English speaking.

“There are also good fiscal incentives here, especially in relation to taxation,” said Mr Maralidmaran. Moreover, he said, Quality Standards were credible and serious. “We also had great support from the Government of Malta and Malta Enterprise. We are determined to succeed and contribute to Maltese industry and the economy in the process,” he said.

Dr Gatt confirmed to the Malta Business Weekly that every pharmaceutical company based in Malta had expanded its operations over the past five years. “Twenty pharmaceutical companies have expanded, with most of them increasing their staff complements in the process,” he said, adding that most had pre-conditioned agreements that stipulated expansion in the future..

Our Tax & Legal Practice Groups offer a one-stop-shop service to operators seeking to relocate to Malta. Many of our services are provided in-house include legal assistance; tax advisory; corporate services and administration & other consultancy and advisory services required by such operators wishing to set up here.

See also:

- Redomiciliation of Foreign Companies to Malta

- Double taxation treaties

- Financial Services in Malta

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