Lying at the gateway between two continents in the centre of the Mediterranean, the Maltese archipelago is a group of three islands of about 325 square kilometres, made up of the islands of Malta, Gozo and Comino. Malta is situated just to the south of Sicily, and is a few hours flight from any European capital. Malta’s strategic location has seen it play a pivotal role in Mediterranean history, boasting a history going back to Neolithic times.
Socio Political Make-up
Malta has a stable economy that has shown resilience in the current global economic turmoil; well oriented internationally credit rating agencies rate Malta highly. Malta’s banks have come through this period virtually unscathed thanks to their high capitalisation and low exposure to risk. Maltese Law is based on European and English law. Legislation is drafted in Maltese and English and proceedings in court may also be carried out in English. Malta has a low crime rate and is a safe country to live in. Maltese and English are the official languages of Malta. English is the language of education and business. Italian is widely spoken whilst German, French, Spanish and Arabic are spoken to a lesser degree. Translation services are readily available. Malta has a high standard of education with round 20,000 students attending the university or tertiary education institutions at any point in time.
Foreign Direct Investment
Malta offers attractive incentives to companies manufacturing high value added products, R&D, IT, pharmaceuticals and avionics. Substantial investments at all levels in communication technology have resulted in a truly modern infrastructure with the highest broadband accesses in the EU. Malta now hosts the majority of eGaming sites in Europe thanks to its modern infrastructure and tax incentives. Malta rates highly amongst Mediterranean countries in the technology index. The world economic forum competitiveness index ranks Malta 13th out of 133 countries for financial market sophistication in its 2009/2010 report, with a banking sector that is 13th soundest in the world.
The Maltese islands’ strategic location connecting two continents has placed it as a focal point in the Mediterranean and regional affairs, albeit for different reasons and circumstance. Modern times are no exception and although still better known as a tourist location, what is less known is the fact that Malta is becoming an increasing important launching pad for successful business investment – to which numerous international companies such as HSBC, Lufthansa, De La Rue, Aventis, Playmobil, ST Microelectronics and Microsoft have discovered.
Top reasons to do business in Malta
If you are still uncertain whether Malta is the right business location for you, below is a quick checklist:
- Well regulated; EU compliant financial services sector
- A regulator (the Malta Financial Services Authority (MFSA)) that is easily accessible and has a ‘can do’ attitude
- Very attractive tax incentives to maximise tax efficiency for
- Malta Companies
- Persons taking up residence in Malta/Gozo
- Niche sectors like eGaming, aviation industry, digital games and others
- A sound banking sector
- One of the best climates in the world with a high quality of life
- A state of the art health system rated as one of the best in the world
- A highly educated workforce that is bi-lingual (English and Maltese)
- Political stability and a safe country
- Direct links to most European capital cities
- No exchange controls
- Low capital duties
As a licensed company service provider we can assist you to make the right decision. Contact us for more information.
If you would like to learn more about the history and beauty of the Maltese islands we recommend you browse through VISITMALTA.COM – the official website of the Malta Tourism Authority.