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Why Malta?

  • The legislative framework is in line with the main EU directives – It is sufficiently flexible and versatile to relate to different legal systems;
  • Paramount anti-money laundering standards have nurtured financial services sector;
  • Excellent economic track record with sustained growth, economic and political stability;
  • Boasts an inflation rate and long-term interest rate lower than EU average and in April 2005 Malta joined the ERM II mechanism and has adopted the Euro Currency on 1st January 2008.
  • A modern and competitive tax regime providing an excellent base for setting up tax efficient structures – Highest individual tax rate is of 35%;
  • Business Environment - a product-driven economy, established international banking and insurance services;
  • High Standard of living – good quality of life, low criminal rate, excellent health services and offers diverse entertainment and sport facilities;
  • Social Capital is the prime resource in Malta, having availability of more than 6% of the Maltese population who are graduate and post graduate labour force;
  • Open market economy with free movement of capital and labour;
  • Excellent country sovereign credit rating – ‘A’ rating with a stable outlook by ‘Standard and Poor’ – indicating a high to medium quality investment.

Facts & Figures about Malta






Nationality: Maltese
Capital City: Valletta
Population: 404,039 (2005 estimate)
Population Growth Rate: 0.3% (2005 estimate)
Official Languages: Maltese, English
Other Spoken Languages: Italian, French, German, Spanish.
GDP per inhabitant: USD 13,943; (at cmp. – 2005 estimate)

GDP Composition by Sector:
• Agriculture: 2%
• Industry: 23%
• Service: 75%

Inflation Rate: 3.3% (Avg. Annual Inflation rate – Jul. 2006)

Exchange Rate: Malta Currency is the Euro as from 1st January 2008. For information purposes only, the Maltese Lira (MTL) exchange rate is 0.4293 EUR/MTL;

Long-term interest rate: 4.34% (Aug. 2006 estimate)

No. of tourist departures: 1,170,610 (2005 estimate incl. sea passengers)

Telephone System:
• General Assessment: Automatic digital system satisfies normal requirements;
• Domestic: Digital Network over fiber and copper local loops;
• International: 2 submarine cables and a microwave bridge station.

International Tel. Code: + 356

Internet Code: .mt

Internet Connectivity Distribution (2006): 43,536 Broadband; 48,294 Narrowband subscriptions.

ISP’s: Broadband 16 (2004)



 
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