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During his address to
Commonwealth Business Forum (CHOGM), Malta: A Place to do Business,
HSBC Malta’s Chief Executive, Mr Shaun Wallis explained that Malta is an EU country with a well established legal,
regulatory and commercial infrastructure. The Maltese workforce is well
educated, highly-skilled, has excellent English language skills and very
close cultural familiarity with the UK and Europe. It also has distinct cost
advantages compared to Europe but with the full benefits of forming part of
the EU.
“In order to succeed on the global stage, Malta must play to its strengths
as an EU state. The high standard of Maltese employees particularly in the
IT, communications and the financial services sector, coupled with the
prevalence of English, make Malta an attractive place to base specialised
customer services as well as back office operations for different kinds of
international businesses. Malta has certain other advantages, particularly
when taking into account low staff turnover and therefore lower recruitment
and training costs. Additionally, we believe Maltese labour has the
versatility, required skills and knowledge base and subject to sufficiently
appropriate investment incentives from the Government we hope to take this
forward. We envisage that an important initiative by the HSBC Group, such as
moving high value Call Centre business to Malta will send a very positive
signal to other large European corporations that Malta has an attractive
environment to enable them to do their business here”, added Mr Wallis.
Contact us for more information.
We will be happy to work out a package that will suit your particular
business needs.
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