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Malta: Country Profile

 

 

The Republic of Malta consists of three islands, situated in the centre of the Mediterranean sea, just 80 kilometres off the southern coast of Sicily, Italy.

Climate: typically Mediterranean with scare rainfall between March and October.

Population: just under 400,000.

Official Languages: English and Maltese (Italian is widely spoken.)

 

Political Background: Malta obtained independent from the British Crown in 1964 and became a Republic in 1973. Malta enjoys a democratic system of government with respect for the rule of law. Malta is a member of the major international organizations including the United Nations, the Council of Europe, the International Monetary Fund and will join the European Union as a full member as from 4th May 2004.

Infrastructure: Malta has a sound infrastructure setup, both financial and geographical. Telecommunications, postal links, courier services, banking and all other services are generally speaking very efficient and of a high standard. AirMalta operates 35 flight routes mostly within Europe and the Mediterranean regions and most major European airlines have frequent flights to Malta.

Workforce: The workforce in Malta is largely efficient, English speaking and educated. Labour costs are competitive.

Tax incentives for foreign business: Malta grants tax and other incentives to foreign persons or firms setting up business in Malta, including low rents for factories and low interest loans.

A financial centre: During the last fifteen years, Malta has developed into a modern financial centre and today ranks along with the major financial centres within the Mediterranean region.

 

 

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