A Country Overview
Full country name: Republic of Malta (Repubblika ta’ Malta)
Capital city: Valletta
Population: ~ 421,000 (as at 2014)
Currency: Euro (€) (as of 2008)
Official languages: Maltese and English
Political status: Democratic republic
Religion: Predominantly Roman Catholic
Geographical location: 93 km south of Sicily (Italy) and 288 km north east of Tunisia
International dialing code: +356 (• CET Time Zone: One hour ahead of GMT
Internet domain: .mt
Climate: Mediterranean climate with mild winters and hot summers
EU Member state forming part of the Schengen Zone
Excellent connectivity to the rest of the world with regular direct flights to Europe and Northern Africa
6th largest ship register in the world (largest in Europe), complimented by high quality maritime industry-related services
Malta Freeport operates as a major transshipment hub in the Mediterranean
Growing Aircraft registry
Reliable IT Infrastructure
Multi-lingual population, with the majority of people speaking fluent English and Italian
High standard of living at a relatively low cost. Malta is a safe, warm place to live offering high standards of education and health care
Low company formation costs
Efficient and robust financial services regulation
Rich cultural heritage derived from a unique 7,000 year history
One of the best climates in the world
Situated in the heart of the Mediterranean, the friendly island also enjoys the world’s best weather allowing for 300 days of sun per year. Lifestyle across the island’s localities is generally deemed to be quite laid-back and typically synonymous with the Mediterranean profile, however the accelerated pace of contemporary life has also permeated the everyday living of the late generations.
This is highly evident in the Valletta, Sliema and St. Julian’s area where most of the island’s administration, commerce and activity is centered, trickling down to other Maltese towns and villages.
Malta’s rich historical and cultural scene is also one of the island’s distinctive features, physically mirrored in the majestic bastion walls and impressive Baroque architecture dating back from the time of the Knights present in several parts of the island and other aspects of the local character. The British legacy inherited after 150 years of British presence in Malta still breathes through Malta’s traditionally British education and political system.
Disclaimer
The information in the pages related to the “Why Malta” section is intended to be of a general nature and is not intended to address the circumstances of any individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. NOUV, its officers, staff, associates and related/associated companies/firms shall not be responsible or liable for any action taken on the basis of the above information, or for any errors or omissions contained herein. Professional advice should be sought before any decision based on any matter referred to above is taken.
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