Just 80 kilometers from Italy, across the sparkling waters of the Mediterranean Sea, sits the island country of Malta. Officially known as the Republic of Malta, Malta is known for its rich culture, temperate year-round climate, and extensive history dating back thousands of years. An extremely popular destination, Malta receives more than 1.6 million tourists every year – that’s triple the population!
Malta gained its independence from the United Kingdom in 1964 and became an independent sovereign state and a member of the Commonwealth of Nations. The country is also a part of the European Union and Schengen Area.
Foreign investment is popular in Malta due to a wide range of benefits. Some of these benefits are a multilingual workforce, an attractive tax system, a stable economy, and access to the European Single Market. However, what truly distinguishes Malta from its European counterparts is that English is one of the country’s official languages, which allows greater levels of accessibility for foreign investors when conducting business in the country.
At A Glance
Key Economic Sectors
Manufacturing, Tourism, Financial Services
Unitary parliamentary constitutional republic