Why Malta

Malta is located at the very centre of the Mediterranean Sea, about 90km south of Italy and 290km north of the North African coast. It consists of two main islands, and one is uninhabited smaller island. The total surface area of these islands is 316 square kilometers.

Malta became a member of the EU on 1 May 2014. On joining the EU, the country’s profile as an international financial services centre was enhanced and given a fresh impetus. Malta formally adopted the Euro as its national currency on 1 January 2008.

Malta’s climate is strongly influenced by the sea and is typical of the Mediterranean, with sunny and hot summers while winters are mild.

Malta Boasts:

  • EU membership and euro currency
  • A small and very open economy
  • Close links with all neighboring countries in Europe and North Africa
  • An Enviable geographic position in the middle of the Mediterranean
  • Efficient air links to major airports in Europe, North Africa and the Arabian Gulf
  • Offers the third largest transshipment port in the Mediterranean. Malta Freeport is located at the crossroads of some of the world’s greatest shipping routes and in the heart of Europe/Maghreb/Middle East triangle

  • Easily accessible regulatory and decision makers
  • Easy accessible key locations- all within a short driving distance
  • State-of-the-art communications/telecoms network with worldwide links
  • A versatile, flexible and trained workforce
  • Widespread use of the English language and to a lesser extent other languages
  • Hot pleasant summers and mild winters
  • A safe and friendly environment with a varied cultural scenario and colorful nightlife
  • High ranking in competitiveness and relocation surveys.

Malta has excellent sea and air links with the European continent as well as with North Africa, with flights normally scheduled to facilitate connections to intercontinental flights.

Telecommunications are state-of-the-art with high speed broadband facilities and direct dialing to any part of the world.

The island is one hour ahead of Greenwich mean-time and operates a summer time system with clocks being advanced one hour between March and October.

Economic Outlook

For the past two decades Malta has embarked on a very ambitious programme to establish itself as an international finance and niche market centre.

Its strategic location, membership of the European Union and having the euro as its national currency make the island nation an ideal stepping-stone for anybody wishing to tap the markets of Europe, North Africa and the Middle East.

The Maltese Banking Sector has weathered the recent global financial crisis relatively well. The economy has proved to be resilient and GDP growth remains positive.

Recent efforts by the authorities to improve expenditure control have been well received, and straightening fiscal institutions, particularly with a strong fiscal rule should improve the long term sustainability of public finances.

Further pension reform will help avoid a surge of age-related public spending.