The Family Business Act was enacted to encourage the regulation of family businesses, their governance and the transfer of the family business from one generation to the next; to encourage and assist family businesses to enhance their internal organisation and structure with the aim of effectively operating the business and working towards a successful succession of the family business; and for other matters consequential or ancillary thereto.
Family businesses are the backbone to the Maltese economy generating millions of turnover and their existence provides stability to the economy but at the same time they are exposed to their vulnerabilities and it has been these same vulnerabilities that have served as the common factor into the decline or death of family businesses.
The Family Business Office serves as a support to the family business in the regulation of their business, their governance, and enhancement of their internal organisation and structure with the aim of helping them to effectively operate their business and work towards a successful succession of the family business.Â The Family Business Office also assist family businesses in their endeavours of transferring their family businesses by benefitting from the incentives made available to those registered and receive all due support in the processÂ Â
The Malta Employersâ€™ Association is yet once again inviting a representative from the Family Business Office to their premises to meet with MEA members individually by appointment to look into various issues.
The session will take place on Wednesday, 23rd May between 9.00am and 2.00pm at the MEA premises.Â This consultation will be free of charge and will be allocated on a first come first serve basis.Â
Follow these steps should you wish to set up an appointment:
- Kindly fill in the registration form available for download below
- Â Email it to email@example.com
- We will get back to you with a time for your appointment