
The Malta Business Registry (MBR) has published its Annual Report and Financial Statements for the year ending 31 December 2024. The report outlines major digital and strategic reforms implemented over the year, marking continued progress in the MBR’s shift toward a fully paperless operation.
A key milestone was the successful deployment of the Business Automation Registry Online System (BAROS), which registered over 200,000 documents in 2024. BAROS significantly modernised service delivery, enhanced transparency, and boosted operational efficiency. Legal frameworks were updated to support the digital transition, ensuring full compliance with GDPR standards. Stakeholders actively contributed during testing and feedback phases.
The report also highlights the cultural shift within the organisation, reflecting a broader commitment to innovation. The Central Data Repository (CDR), aligned with Malta’s electoral manifesto, integrates AI to reduce bureaucracy and allow secure data sharing across government entities.
APIs were introduced to improve collaboration and provide Subject Persons with real-time access to registry data, enabling smarter business decisions. The launch of an online Self-Assessment Tool empowers companies to evaluate restructuring options, promoting sustainability and proactive planning.
In 2024, 3,376 new companies were registered and 11,515 certificates issued. The Compliance Unit reviewed over 21,000 notifications and conducted 1,478 inspections. The Register’s updated profile offers valuable insights into Malta’s evolving business landscape and governance trends.
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