Prospects – Services of a Corporate Advisor
‘Prospects’ is a new platform set up by the Malta Stock Exchange in line with its commitment to open up new capital market opportunities, create economies of scale and to afford businesses more competitiveness and sustainability.
Through ‘Prospects’, SME’s will now be able to raise capital and financing by issuing bonds and new shares, or selling existing shares to a pool of investors and will not be necessarily restricted to their own family members or business partners.
‘Prospects’, thus offers a number of businesses growth opportunities which up till now have been simply out of reach. This new market has been designed specifically for SMEs and, therefore, reflects their particular needs and circumstances.
Get in touch with us!
Benefits for SME’s include:
(a) Access to increase capital and financing, through the issue new equities and corporate bonds
(b) Admission to ‘Prospects’ will raise brand awareness amongst the public
(c) Admission to ‘Prospects’ can form part of a succession planning process
(d) SMEs will enjoy the benefits of good corporate governance and the enhanced efficiency and effectiveness which this brings along
(e) Admission to ‘Prospects’ may in the future open up the opportunity to a listing on a regulated market
(f) The company may secure capital at a competitive coupon rate, in the case of a bond issue, and under conditions more favourable to other, more traditional, methods of raising finance
(g) The admission of equity will create an opportunity for existing, or new, shareholders to exit the market efficiently in future
(h) No collateral is required to access finance on the capital market.
ACT Prospects Limited, a company which forms part of the ACT group of companies has been approved by the Malta Stock Exchange to act as a Corporate Advisor on its ‘Prospects’ platform.
ACT is able to offer to a one stop shop to advise and assist SME’s in listing their bonds and shares and obtain new financing by means of ‘Prospects’. We will be able to follow through the whole process and then assist in the various compliance requirements. Through its in-house expertise, ACT also offers accountancy, tax, corporate, business advisory services and other subsequent ongoing compliance services so as to be able to adhere to the ‘Prospects’ rules.
Maltese companies are subject to tax at the rate of 35% on their worldwide income and capital gains. Malta grants various fiscal incentives to both companies and their shareholders upon the distribution of a dividend.
Malta has recently seen an increase in the number of Electronic Money Institutions (EMIs) looking to set up their operations in Malta. This has been largely due to the growth in the e-commerce and the i-gaming industries.