A number of companies have already reported their intentions to relocate to Malta post-Brexit.
Malta.- William Hill announced late last week its intention to install a satellite office in Malta in order to organise international business post-Brexit. Chief Digital Office Ulrik Bengtsson said that all current locations will be unaffected by the new operation.
“We are setting up a Malta office and a small initial organisation for our international-facing business post-Brexit. All current locations are unaffected by the new operation,” said Bengtsson, who has worked in Malta for a number years heading Betsson.
“With William Hill’s online customer base overwhelmingly in the UK, Gibraltar will continue to be its key operational hub post-Brexit. However, Malta provides an option for international operations should they be required after Brexit so an exploratory project team is being recruited with regulatory, legal and compliance roles,” a company spokesman said.
Last month, global betting company Bet365 announced that it will relocate its operations to Malta from Gibraltar after Brexit talks are finalised. The firm will relocate approximately 1,000 employees to a new property in Tigne, Sliema.
The company’s relocation, which is expected to have a significant economic impact, comes after several complaints from companies that said that Brexit could represent a future risk to the operations in the European territory. While the British government has determined that it will guarantee that the Gibraltar entities will be able to work in the UK for two more years, Bet365’s relocation is expected to have a significant impact on the industry before 2020.