Malta

The voyage had begun and had begun happily with a soft blue sky, and a calm sea.

Discover Malta: A Strategic and Thriving Hub in the Heart of the Mediterranean

Malta lies in the heart of the Mediterranean Sea, halfway between Europe’s mainland and North Africa, and at the center of the passage between Gibraltar and the Suez Canal. The country’s strategic position and majestic natural harbors have historically made Malta a sought-after trading hub and defensive post for regional powers. Today, Malta enjoys a rich and varied history dating back to the Stone Age, boasting the oldest free-standing temples in the world. Many books have been written about Malta’s history, and some of its older towns and cities are virtually open-air museums.

Attractions Beyond History

Malta’s allure isn’t limited to its history. The island’s warm sun, clear sea, and the welcoming attitude of the Maltese people have won the hearts of visitors for many years. While Malta remains a popular tourist destination and tourism is a key pillar of the Maltese economy, financial services have recently developed into a major economic contributor. This sector has been integral to Malta’s economic success since its independence from Britain in 1964 and continues to drive Malta’s net economic growth.

Economic Pillars: Financial Services and Manufacturing

Financial Services

Malta has emerged as a highly developed financial services center. Its strategic location, combined with a strong legal system and a liberal foreign direct investment regime, makes it an attractive destination for business.

Manufacturing

Another key pillar of the Maltese economy is manufacturing. Malta offers competitive operating costs, easy access to European, North African, Middle Eastern, and Far Eastern markets through the Mediterranean’s largest and busiest Freeport, and a highly educated and qualified labor force. These factors make Malta an ideal location for setting up businesses.

Malta’s Advantages

  1. European Union Member: Malta has been an EU member state since 2004.
  2. Euro Currency: The Euro has been the official currency since 2008.
  3. Financial Services: Malta is a highly developed financial services center.
  4. Strong Legal System: The island has a robust legal system.
  5. Strategic Location: Malta is at the crossroads of three continents, serving as Europe’s North African and Middle Eastern outpost.
  6. Investment-Friendly: Malta has a liberal foreign direct investment regime.
  7. Bilateral Agreements: There are bilateral investment agreements with 25 countries.
  8. Double Tax Treaties: Malta has signed double tax treaties with over 70 countries.
  9. Competitive Costs: Malta offers competitive setup and operating costs.
  10. English Language: English is an official language.
  11. Qualified Workforce: Malta has a highly qualified, well-educated, and multilingual labor force.
  12. Developed Legal System: The legal system is based on both English and continental systems.
  13. Banking Services: Malta offers efficient accounting and banking services.
  14. High Standard of Living: The island provides a high standard of living.
  15. Excellent Connectivity: Malta has excellent flight connections.
  16. Pleasant Climate: The island enjoys a very pleasant climate and agreeable topography.
  17. Low Crime Rate: Malta boasts one of the lowest crime rates in Europe.
  18. ICT Infrastructure: Malta has a sound ICT infrastructure.

Conclusion

Malta’s strategic location, coupled with its historical richness and economic strengths, makes it an ideal destination for both tourism and business. Whether you are drawn by its ancient history, sunny climate, or thriving financial and manufacturing sectors, Malta offers a unique blend of opportunities and advantages.