Malta is an island of choice for businessmen and professionals as well as numerous retirees from other European and non-European countries. Malta attracts numerous people by the natural beauty of the Mediterranean Sea as well as by the Maltese favorable climate. Many people are attracted to Malta by its rich history and culture. All these factors make the hospitality industry in Malta a flourishing one and making the island a first choice for numerous visitors and expats.
Malta enjoys a stable political climate and a bi-partisan political scene that is largely convergent on issues of national and economic importance. It has been a member of the EU since 2004 and of the Schengen Area since 2007. Also, Malta is multilingual country – people speak Maltese and English, both are official languages. Many Maltese are also fluent in Italian. This fact helps foreigners to adapt and communicate easily without experiencing language barrier.
Malta offers great business opportunities for foreign entrepreneurs, high net worth individuals and investors who are interested in setting up their business on the island, by providing stable environment in order to secure the development of entrepreneurship. This might be evidenced by one of the lowest crime rates in the world as well as the fact that Malta managed to maintain economic growth during the financial crisis.
Maltese banking industry has experienced growth and continues expanding its performance in larger financial sectors. The country’s banks provide a full range of personal, commercial and trade service to clients. The number of credit institutions licensed by MFSA has increased from 4 retail banks to over 25 foreign or privately owned banks and 15 financial institutions.
Malta is a leader in financial services provision combining high regulatory standards and rigorous enforcement with a commercial, business savvy attitude. The financial sector has increased rapidly since the country's 2004 accession to the EU. This has led various businesses being established in Malta such as: hedge funds, insurance captives, fund managers, investment services providers, credit institutions, insurance intermediaries and forex operators of various types.
Malta has achieved success in the gaming industry owing to a number of factors. Malta’s EU membership derives benefits from the application of common market principles, with free movement of goods and services being the most fundamental. Malta provides low official fees and gaming taxes as well as advantageous European onshore business environment. The development of the gaming industry in Malta has also accelerated the development of related ancillary services including ICT, telephony, co-location and back office services. Malta is one of the leaders in ICT markets in Europe. The evolution of ICT, e-Commerce, Media and Internet Law Malta over the past years resulted in becoming an integral part of the local economy.
Important point to stay in Malta is that it has good links to the rest of Europe. You are never too fare from any other country because Malta has many daily flights all year around. This is perfect for you, to go to your country of origin for holidays or for your family and friends visit Malta!
