Malta is strategically located at the heart of the Mediterranean with very close ties to mainland Europe, North Africa and the Middle East. The island is considered the best choice for investments in knowledge based sectors and high end manufacturing, which together with EU membership, makes the country a perfect gateway to the Euro-Mediterranean region and further.
Since gaining independence in 1964, Malta has fully transformed itself into a fully functioning open market economy. Joining the EU in 2004 was seen as a natural step towards securing the economic future of the country and the adoption of the Euro in 2008 ensured that the economy would not be vulnerable to currency fluctuations while simultaneously allowing the nation to be more competitive.
The country’s national language is Maltese but both the latter and English are official languages in Malta, which adds to the destination’s appeal for visitors, traders and investors.
The key points for what makes Malta an attractive destination are:
- Strategic Location;
- EU membership;
- Fully functioning open market economy;
- Safe and pleasant lifestyle;
- Recognition as an international financial services hub;
- Advanced ICT infrastructure;
- Low corporate tax;
- Fiscal and financial incentives;
- Significant number of double taxation agreements;
- Highly educated and flexible workforce;
- Competitive labour costs;
- Pro-business policies;
- Excellent long-term sovereign debt rating:
- Fitch: A (positive) (updated 26/08/2016)
- Moody’s: A3 (stable) (updated 02/09/2016)
- Standard & Poor’s: A- (stable) (updated 15/10/2016)