WHY MALTA
Malta is an island situated in the heart of the Mediterranean, and lies midway between Sicily and Libya. It has been a member of the European Union since 2004, and a member of the Eurozone as of 2008. Malta is a democratic republic with a population of over 500,000 inhabitants. Maltese and English are the official languages spoken in Malta, whilst several other languages are widely spoken.
Current Economic outlook for Malta is positive. The EU Commissions report for 2024 projects GDP year on year growth for 2024 to be at 4.6 % with inflation continuing on its downward trend to 2.9%. Growth is driven by net exports and local consumption. Malta has a resilient economy with recent credit rating agencies affirming this position (Fitch at A+, Moody A2).
In recent decades, Malta has leveraged its strategic location and a well-educated, linguistically diverse, adaptable, and cost-efficient workforce to establish itself as one of the most appealing financial hubs and investment destinations in the region. This success is attributed to its robust regulatory framework, its diverse economy and its attractiveness to expatriates who work on the islands, shaping Malta to become a very cosmopolitan business centre.
Current Economic outlook for Malta is positive. The EU Commissions report for 2024 projects GDP year on year growth for 2024 to be at 4.6 % with inflation continuing on its downward trend to 2.9%. Growth is driven by net exports and local consumption. Malta has a resilient economy with recent credit rating agencies affirming this position (Fitch at A+, Moody A2).
In recent decades, Malta has leveraged its strategic location and a well-educated, linguistically diverse, adaptable, and cost-efficient workforce to establish itself as one of the most appealing financial hubs and investment destinations in the region. This success is attributed to its robust regulatory framework, its diverse economy and its attractiveness to expatriates who work on the islands, shaping Malta to become a very cosmopolitan business centre.
Numerous factors make Malta a compelling choice for establishing a foundation for international operations, namely:
Growing economy
Stable political situation
Modern legal and tax framework
Accessible and flexible regulators
Strong industrial relation record
Excellent telecom infrastructure
Convenient EU time zone
Reasonably priced labour force
Financial Services Sector
The Maltese financial services sector has experienced significant growth in recent years, particularly after becoming a member of the European Union in 2004 and joining the Eurozone in 2008. It stands out as one of the rapidly expanding industries, capitalising on several critical advantages that Malta provides. These advantages encompass a highly skilled workforce, top-notch service quality, proficiency, advanced technical infrastructure, and strong legal and regulatory frameworks.