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Family businesses can benefit from up to €15,000 to address succession planning

Family businesses can benefit from up to €15,000 to address succession planning
independent.com.mt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.com.mt Daily Mail and Mail on Sunday newspapers.

Joseph Gerada , Malta Family Business Office , Family Business Office , Sustainable Development Miriam Dalli , Minister Dalli , Family Business Act , குடும்பம் வணிக அலுவலகம் , நிலையான வளர்ச்சி மிரியம் டல்லி , குடும்பம் வணிக நாடகம் ,

MDB consults to significantly revamp its Family Business Transfer Facility

37% of businesses planning to expand their operations and 25% are considering selling
The Malta Development Bank is currently undertaking a major revamp of its Family Business Transfer Facility, a scheme which seeks to assist and facilitate family businesses to transfer their business from one generation to the next.
Following extensive feedback received after the scheme had been on the market for more than two years, the bank has embarked on a research-based product review and re-engineering process.
This review included three key processes, namely a market survey, an extensive consultation process and research of similar projects and schemes in comparable jurisdictions in other EU member states. ....

Malta General , Josef Bonnici , Rene Saliba , Malta Development Bank , Gozo Business Chamber , Malta Chamber , Gozo Regional Committee , Malta Employers Association , Family Business Office , Family Business Transfer Facility , Malta Enterprise , மால்டா ஜநரல் , ஜோஸெஃப் போன்னிஸி , ரெனே சாலிபா , மால்டா வளர்ச்சி வங்கி , கோஸோ வணிக அறை , மால்டா அறை , கோஸோ பிராந்திய குழு , மால்டா முதலாளிகள் சங்கம் , குடும்பம் வணிக அலுவலகம் , குடும்பம் வணிக பரிமாற்றம் வசதி , மால்டா நிறுவன ,

BOV supporting family businesses, 2021 and beyond

Approximately three-quarters of Malta’s businesses are family-owned businesses. Despite that, only 30 per cent of these businesses succeed to the next generation.
The discussion held during this year’s SME Week between the Family Business Office and several stakeholders, was a perfect platform to imprint the importance of family businesses and how such entities had to rapidly transform their business models to combat the challenges posed by COVID-19.
“We can look at 2020 as the year of setbacks, or we can define it as a test to adapt, innovate and diversify our strategies,” stated Joseph Gerada, regulator at the Family Business Office. ....

Malta General , Joseph Gerada , Albert Frendo , Family Business Office , Family Business , Business Success , Family Business Act , மால்டா ஜநரல் , குடும்பம் வணிக அலுவலகம் , குடும்பம் வணிக , வணிக வெற்றி , குடும்பம் வணிக நாடகம் ,