Why Malta?

Located in the centre of the Mediterranean, between Europe and North Africa, Malta is the European Union's smallest member state. Famous for its 7,000-year history and 300 days of sunshine, Malta has emerged as one of the most remarkable success stories in the Eurozone. Recognised for its pro-business attitude, state-of-the-art infrastructure and modest costs of doing business, it has become the go-to country for growth-minded entrepreneurs and multinational companies.

Malta Fact File

Country's Full Name:  Republic of Malta (Republika ta' Malta)
Capital City: Valletta
Population: 432,000 (as at 2018)
Official Languages:      Maltese & English
 Memberships: European Union, Eurozone, Schengen Area
Currency: Euro - Malta joined the Eurozone on January 1, 2008
Religion:

88.6% - Roman Catholics (2016). Other denominations have places of worship.

Location: 93 km south of Sicily (Italy); 288 km east of Tunisia
International Dialing Code: +356
Internet Domain: .mt
Area:

Malta comprises three major islands:

  •  Malta - 246 sq km (94.9 square miles) 
  •  Gozo - 67 sq km (25.9 square miles) 
  •  Comino - 3 sq km (1.1 square miles)

There are also some minor uninhabited islands.

Terrain: Mostly low, rocky, with dissected plains and many coastal cliffs
Climate: Mediterranean with hot dry summers and cool, short winters. Annual rainfall is 600mm (24 inches) and falls mostly between October and March.
Average temperature:
  • December - February 12º C (54ºF) 
  • June - August 31ºC (88ºF)
  • The average yearly temperature is around 23 °C (73 °F) during the day and 16 °C (61 °F) at night (one of the warmest temperature averages in Europe)
Administrative Divisions:      The country is administered directly from the capital city, Valletta. However, there are 68 local councils.

Main Economic Indicators in Malta

Malta's Economy in 2017

  • GDP growth: +6.6%
  • Unemployment rate: 4.0%
  • Inflation: 1.6%
  • Surplus: 3.9%
  • Debt to GDP: 47.1%
  • FDI stock: €165.5 billion (June 2017)

Malta's Finance Sector

  • GDP contribution: 11%
  • Banks (retail & investment): 25
  • Financial Institutions: 48 including 34 payment providers and 14 e-Money Institutions
  • Insurance companies: 63 including 8 captives and 14 Protected Cell Companies (PCCs)
  • Reinsurance Special Purpose Vehicle:
  • Insurance Managers: 11
  • Retirement Schemes: 50
  • Retirement Funds: 2
  • Retirement Scheme Adminstrators: 16

  • Fund administrators: 26
  • Recognised Incorporated Cell Companies: 6
  • Incorporated Cells: 21
  • Investment Funds (including sub-funds): 663  - of which:
    • AIFS: 93
    • PIFs: 459
    • UCITS: 106
    • Retail non-UCITS: 5

  • Net Asset Value of Malta-domiciled Funds: €9.7 billion as at end June 2017

  • Registered Company Service Providers: 172

  • Notified Securitisation Vehicles: 40 including 15 Securitisation Cell Companies with 26 cells

Source: Malta Financial Services Authority (All figures as at end  2017 unless otherwise indicated)

Why Malta?

  • A full member state of the European Union and part of the Eurozone, providing Malta-based businesses with instant access to the EU's internal market of over 500 million people.
  • Advantageous geographical location, being within three hours direct flight from other European financial centres.
  • An accessible, respected and forward-looking regulator and risk-based supervision.
  • Comprehensive financial legislation catering inter alia for the regulation of investment funds, insurance companies, securitisation, banking, and financial institutions, offering many regulatory structures that are unique in Europe.
  • A network of double tax treaties with around 80 countries.
  • Political stability coupled with unanimous political support for the country's position as an international financial centre.
  • An educated, dedicated and multi-lingual workforce and incentives to attract foreign professionals.
  • A banking sector, composed of a combination of solid and reliable Maltese banks and major international banks, providing the highest standards of service to corporate and private clients.
  • State-of-the-art telecommunications infrastructure and support services by professionals with a 'can do' attitude.
  • High quality of life in a Mediterranean island environment with English as one of Malta's official languages.

Key Facts about Doing Business in Malta

  • Short Travel Times: By air, main European hubs and North Africa can be reached in two to three hours
  • Excellent ICT Connections: Satellite technology and high capacity fibre-optic submarine cables link Malta with Europe
  • Major Transhipment Centre: Malta Freeport is a main regional hub
  • EU Member State: Passporting rights for services and companies
  • Regional Ties: Malta has cultural and historic connections to countries in North Africa and the Middle East
  • CET Time Zone: One hour ahead of GMT
  • Schengen Zone: Malta is part of the Schengen area, which allows travel between member states without internal border controls

AirMalta flying over Malta