Technology & Telecommunications

The technology and telecommunications sector in Malta has experienced remarkable growth, becoming a hub for digital innovation and connectivity. With a robust ICT infrastructure, including high-speed internet and extensive mobile coverage, Malta fosters a thriving startup ecosystem and supports digital services and e-government initiatives. The competitive telecommunications market offers a range of services, while the country's emphasis has shifted towards emerging technologies like the Internet of Things (IoT). Malta actively promotes IoT applications and solutions, driving advancements in sectors such as smart cities, healthcare, logistics, and agriculture. The government's support extends to funding programs and favorable policies, making Malta an attractive destination for technology-driven businesses and IoT innovation in particular.

We specialise in providing tailored services for the technology and telecommunications sector. We understand the unique needs and challenges of such companies, including rapid growth, complex revenue recognition, and evolving regulatory requirements. Whether you're a startup, software development firm, or tech consultancy, we offer expertise in financial planning, taxation, compliance, and reporting designed to assist you in effectively managing your financial operations.

Our sector-specific service offerings include but are not limited to:

  • Financial Reporting: We provide comprehensive financial reporting services that meet the specific requirements of the technology and telecommunications sector. Our team prepares accurate and timely financial statements, including income statements, balance sheets, and cash flow statements. We ensure compliance with relevant accounting standards and regulations, such as GAPSME and EU IFRSs.
  • Revenue Recognition: Revenue recognition in the technology and telecommunications sector can be complex, especially with software-as-a-service (SaaS) models, multi-year contracts, and bundled services. Our experts have in-depth knowledge of revenue recognition principles, and they’ll assist you in properly recognising and documenting revenue from various sources. We help you navigate the complexities of revenue recognition, ensuring compliance with accounting standards and providing transparency in your financial statements.
  • R&D Tax Credits and Incentives: Many technology and telecommunications companies invest heavily in research and development (R&D) activities. We can help you identify and maximize R&D tax credits and incentives available to your business. Our team works closely with you to understand your R&D projects, track eligible expenses, and ensure proper documentation to support your R&D tax credit claims.
  • Stock Option Accounting: Stock options and equity-based compensation are common in the technology and telecommunications sector. We assist you in accurately accounting for stock options and other equity-based compensation plans. Our services include valuing stock options, determining the impact on financial statements, and ensuring compliance with accounting regulations.
  • Funding and Financing Support: We provide support in securing funding and financing for your technology and telecommunications business. Our team can assist with financial projections, investor presentations, and financial due diligence. We help you present your financial information in a clear and compelling manner to potential investors or lenders.
  • Tax Planning and Compliance: We offer comprehensive tax planning and compliance services tailored to the technology and telecommunications sector. Our tax experts stay updated with the latest tax regulations and incentives specific to the industry. We help you optimise your tax position, identify eligible deductions and credits, and ensure compliance with tax laws.
  • Financial Forecasting and Budgeting: We assist in developing financial forecasts and budgets to support your strategic planning and decision-making. Our team helps you analyse revenue projections, cost structures, and cash flow expectations. We provide valuable insights to help you make informed business decisions and allocate resources effectively.
  • M&A Support: If you are considering mergers, acquisitions, or other business transactions, we offer financial due diligence services. Our team conducts thorough financial analysis, identifies potential risks and opportunities, and provides insights to support your decision-making process.
  • Cost Management and Analysis: We help you effectively manage costs in the telecommunications industry, which often involves significant infrastructure investments and operational expenses. Our services include cost analysis, cost allocation, and cost optimisation strategies. We work with you to identify cost-saving opportunities, improve profitability, and enhance operational efficiency.
  • Capital Expenditure (CAPEX) Management: Telecommunications companies typically have significant CAPEX related to network infrastructure and technology upgrades. We assist in managing CAPEX budgets, tracking expenditures, and providing financial analyses on the return on investment of capital projects. Our services help you make informed decisions about capital allocation and optimise the usage of your financial resources.