Doubling Down on Finance: Malta’s Vision for a Stronger Sector by 2035

Malta’s ambitious Vision 2050 sets a bold target: nearly doubling the size of its financial services sector by 2035, boosting its contribution to GDP to around 13%. Central to this strategy is attracting fresh investment into fintech, wealth management and multinational headquarters - all underpinned by leaner regulation and strong innovation.

According to the plan, the financial services sector - currently around €2 billion in GDP contribution - is expected to grow to approximately €4.8–€5.3 billion by 2035. This rapid growth is forecasted at a compound annual rate of 9–10%, driven by key pillars: investment funds, high-net-worth wealth management, cutting-edge fintech, and the establishment of multinational headquarters in Malta.

To make this happen, Malta is betting on its strengths: a high-quality corporate services sector, a skilled workforce, streamlined regulation and digital infrastructure. The Vision 2050 roadmap includes fast-track licensing - even leveraging AI - and better regulatory tools to draw fintech companies, including those focused on open banking and crypto.

But Malta’s ambitions go beyond purely economic metrics. The government wants to balance growth with a high standard of living, long-term resilience and sustainability. Instead of focusing only on GDP, Vision 2050 emphasises broader indicators such as life satisfaction, education quality, median disposable income and social cohesion.

As part of this future-focused vision, Malta aims to foster an inclusive, innovative ecosystem - one in which financial services not only grow in scale but also contribute to the country’s long-term social and environmental well-being.