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Helping you manage ownership and growth today, so you can build your legacy for tomorrow
Family-owned businesses think in generations, not quarters. You value preserving the company for the next generation, but family dynamics and non-business considerations can sometimes derail even the most profitable enterprise, especially during generational transitions or economic crises.
At PwC Malta, we understand the unique dynamics of family businesses. We listen, we connect, and we collaborate with you to strike the perfect balance between professional management, responsible ownership, and a healthy family dynamic. Our goal is to help you optimise the positive forces in your family enterprise while anticipating and minimising any conflicts or disruptions.
We cut through the noise with confidence and honesty, sharing clear perspectives to help you enhance your strengths, foresee challenges, and secure long-term success for both your business and your family.
From strategy, governance, business transition and private wealth, to digitalisation, AI, technology and risk management, we have the tools, people and presence to help you manage your family enterprise and build lasting value. We see the opportunity beyond the challenge and are committed to supporting your journey towards a prosperous future.
At PwC Malta, we believe in ‘The values effect’; the inherent competitive edge that family businesses possess compared to their non-family-owned counterparts. This brings an enormous opportunity to turn your values and purpose into valuable assets.
We help you identify your shared purpose and define, codify, communicate and embed your values. Together, we can transform these intangible attributes into real gains.
Our collaborative approach
We work with you to:
Shape a shared mission and vision
Uphold business and investment ethics
Embrace ESG principles
Let’s collaborate to harness your family business’s unique strengths and build a prosperous future.
Effective governance is crucial for family businesses to thrive. It means setting clear roles, ensuring transparency, and fostering accountability. Good governance helps you navigate challenges and seize opportunities, driving long-term success.
We work with you to shape your organisation’s governance, building trust and ensuring transparency. Together, we’ll create a strong foundation for your family business to flourish.
As owners of successful family businesses, you need a strategy to safeguard your personal wealth and structure it for growth. In today's complex global financial ecosystem, with its intricate and often duplicative tax regimes, this need is more pressing than ever.
We partner with you to navigate the complexities of wealth management. Here are some of the areas where we can assist:
Crafting a robust investment strategy
Ensuring privacy and security
Structuring tax and legal frameworks
Managing fragmentation of shareholding
Planning for exits
Embracing ESG principles
Optimising tax planning
Managing assets and wealth
Together, we can unlock the full potential of your wealth, ensuring it thrives now and for generations to come.
Helping your family business achieve a seamless and well-managed succession for the next generation.
We partner with you to focus on key areas such as leadership, ownership, values, purpose, wealth management and stewardship. Together, we ensure your business continuity and succession process is effective and smooth, securing the future for your family business.
By implementing AI-driven solutions, you can enhance operations, improve customer engagement, and gain a competitive edge.
Strategic implications: Understand how AI impacts your organisation and shape your strategic response.
Focus on value: Identify and prioritise opportunities for growth and cost optimisation.
Governance: Build trust and transparency within your organisation.
Infrastructure and data: Strengthen your technical infrastructure and data to unlock value.
People and culture: Support your team on this transformative journey.
Digitalisation offers a wealth of benefits for family businesses. It strengthens competencies, optimises internal processes, enhances customer-centricity, improves decision-making and secures a lasting competitive advantage.
Achieving sustainable growth can take many forms, but for family businesses, it's crucial to ensure that the chosen strategy aligns with your long-term vision, control, values and readiness for the growth journey.
We partner with you to support your growth journey by offering expertise in:
Navigating deals, mergers & acquisitions, divestitures and cooperation with startups
Driving growth
Developing new revenue models
Expanding through internationalisation
Unlock the full potential of your family business, ensuring it thrives now and in the future.
For most businesses, profit is a means to an end: fueling future growth and innovation while pursuing long-term purpose and ambitions. Profit is also crucial for keeping the family motivated in owning the business.
Setting profit goals is essential for promoting family cohesion. It brings together family owners and business management to ensure decisions around profitability reflect long-term goals and values, all within a realistic business context.
We partner with you to navigate profitability. Our expertise includes:
Enterprise performance management
Internal and external reporting
Efficiency improvements
Cost optimisation
Operational restructuring
Tax compliance
For most businesses, profit is a means to an end: fueling future growth and innovation while pursuing long-term purpose and ambitions. Profit is also crucial for keeping the family motivated in owning the business.
Setting profit goals is essential for promoting family cohesion. It brings together family owners and business management to ensure decisions around profitability reflect long-term goals and values, all within a realistic business context.
We partner with you to navigate profitability. Our expertise includes:
Enterprise performance management
Internal and external reporting
Efficiency improvements
Cost optimisation
Operational restructuring
Tax compliance
In today's interconnected world, cybersecurity and resilience are crucial. Family businesses must be ready to anticipate, withstand, recover from and adapt to cyber threats and challenges.
Cybersecurity: Protect your devices, services and networks from theft or damage.
Cyber resilience: Be prepared to handle successful attacks and their consequences.
Understanding cyber-attacks: Learn the stages of a cyber-attack and implement a comprehensive cybersecurity program.
We partner with you to understand your risk exposure and build a robust cyber resilience strategy. Our support includes:
Developing cybersecurity frameworks to protect your systems, devices and networks.
Planning for incident response and post-breach recovery.
Raising employee awareness and providing training.
Implementing industry best practices.
Family businesses can tap into a wealth of national and EU grants and incentive schemes. These programmes cover a wide range of eligible costs, from capital investment projects and advisory services to employee training and energy efficiency initiatives.
MicroInvest Scheme: Benefit from tax credits of 45% of eligible costs, up to €70K over 3 years.
Family Business Grant Scheme: Receive a cash grant for advisory services, up to €15K per family business over 3 years.
Business Re-engineering and Transformation Scheme: Get a cash grant of 50% of consultancy costs, up to €5K per advisory service.
Renovation of Private Sector Buildings Grant Scheme: Access grants of €300 per square meter, up to €1M per project.
Investment Aid for Energy Efficiency Projects: Enjoy tax credits of 30%-50% of eligible costs, up to €15M per project.
Smart and Sustainable Grant Scheme: Secure a cash grant up to €100K, with an additional €40K in tax credits.
Voluntary Occupational Pension Scheme (VOPS): Obtain tax credits up to €750 per employee per annum.
Access to Employment Scheme: Benefit from wage subsidies for employing disadvantaged and disabled individuals.
Training and Upskilling Schemes: Take advantage of various schemes for employee training (currently closed but to be relaunched).
We partner with you to navigate these opportunities and maximise the benefits for your family business. Together, we can unlock the potential of these incentives and drive your business forward.
We’re here to support your family business at every stage of ownership and growth. As your trusted advisors, we offer expertise in family governance, succession planning, business continuity, next generation education and transition, private wealth management, family offices, philanthropy, values, and purpose.
No matter where your business is on its journey to success, we stand by your side with the insights and solutions you need to stay fit for growth and move forward confidently.
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