Malta is a safe country with friendly people living a European lifestyle and enjoying the good life that the Mediterranean offers. The population totals circa 432,000 and the official languages are Maltese and English. One of the thriving economies of the European Union, Malta is neutral and highly respected, and enjoys a democratic, stable political climate. Malta is a member of major international organisations including the United Nations, the Council of Europe and the International Monetary Fund.
Malta has been a member of the European Union since 2004 and part of Schengen since 2007. The nation has weathered the global financial crises well and shared the limelight with Germany as the only two states in the Eurozone maintaining economic growth.
The country has a well-educated society and an English-speaking talented workforce, with an educational system that matches any European institution. Malta is well connected to Europe and the world via sea links and no less than 30 airlines including the country’s national airline.
History and geography
The Maltese archipelago lies some kilometres south of Sicily, Italy, in the middle of the Mediterranean Sea. It has a 7,500 year history and the country’s megalithic temples are said to be among the earliest settlements in the world. It is a nation rich in cultural heritage and for this reason is often called an open air museum.
Christianity arrived to the Islands in 60AD. Other important dates in the country’s history are the Great Siege in 1565, the independence from Britain in 1964 after having been a colony for more than 200 years, becoming a Republic in 1975 and joining the European Union in 2004.
Malta was always well positioned as a strategic geographical, cultural and political stepping-stone between Europe and North Africa.
Malta enjoys a favourable macro-economic environment and boasts a robust financial services industry that withstood the test of the global financial crisis. Highly developed industries include tourism and hospitality, manufacturing and igaming.
Malta’s employment rate keeps growing, alongside a drop in the unemployment rate, to record lows. In February 2018, international agency Fitch Ratings confirmed Malta’s credit rating at A+ stable, while Moody’s and DBRS gave Malta an ‘A High’. Fitch forecasts a 5.9% growth for the country in 2018. The economy flourishes against a background of a sound legal system.
Business in Malta
The Government of Malta is currently employing a pro-business policy, attracting foreign capital and direct investment through attractive incentives. Malta boasts a highly motivated work force base, while official documentation and legislation is in English, making commercial transactions easy.
Malta is a well-respected highly regulated financial services hub, has an important shipping register and is a major world jurisdiction for tax-free yacht registrations.
Malta attracts international trading and holding companies due to its low-tax regime. Malta grants tax and other incentives to foreign persons or companies setting up business in Malta, including low rents for factories and low interest loans.
Malta’s mild climate is a crucial element to the good life that the nation enjoys. With 300 days of sunshine, people are out and about, enjoying food and drink al fresco, walks and strolls. The bar and restaurant culture is booming and the beaches in summer are a family affair. Family life is important in Malta and the extended family unit is central to social activity, where both children and elderly relatives are part of it.
Valletta currently holds the title of The European Capital of Culture. Beyond this, one is always spoilt for choice for cultural activities with an annual calendar that is choc a bloc with various events, from popular culture like village feasts, band club activities and carnival to high-brow events, museums, music concerts, film screenings, theatre and dance.
The very low crime rate makes Malta a perfect place to relocate a family with young children.