• Business

8 Reasons You Need to Know Malta!

A little known jurisdiction for business. 

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The Malta is a small archipelago country in the Mediterranean Sea, located south of Sicily, Italy.

Here are some key points about Malta:

1. History: Malta has a rich history dating back thousands of years, with evidence of human habitation since around 5900 BC. It has been ruled by various civilizations, including the Phoenicians, Romans, Moors, Knights of St. John, French, and British.
2. Culture: The culture of Malta is a blend of Mediterranean, Arab, Sicilian, and British influences. Maltese is the official language, while English is widely spoken and used for official purposes. The country has a strong Catholic heritage and celebrates various religious festivals and traditions.
3. Tourism: Malta is a popular tourist destination known for its historic sites, beautiful beaches, clear blue waters, and vibrant nightlife. The capital city, Valletta, is a UNESCO World Heritage Site and offers stunning architecture, museums, and galleries.
4. Economy: Malta has a diverse economy with sectors such as tourism, manufacturing, financial services, and information technology. It has experienced significant economic growth in recent years and is a member of the European Union and the Eurozone.
5. Politics: Malta is a parliamentary republic with a President as the head of state and a Prime Minister as the head of government. It has a unicameral legislature known as the House of Representatives.
6. Population: Malta has a population of around 500,000 people, making it one of the most densely populated countries in the world. The majority of the population is of Maltese ethnicity, with small communities of expatriates and immigrants.
7. Geography: The Maltese archipelago consists of three main islands: Malta, Gozo, and Comino, as well as several smaller uninhabited islets. The islands have a Mediterranean climate with hot, dry summers and mild, wet winters.
8. Cuisine: Maltese cuisine is influenced by Mediterranean and Sicilian flavors, featuring dishes such as rabbit stew (fenkata), pastizzi (savory pastries), and lampuki pie (fish pie). The local wine and seafood are also highly regarded.

Overall, Malta is a fascinating country with a rich history, beautiful landscapes, and a vibrant culture, making it an appealing destination for travelers and expatriates alike. The Giants of Malta refer to the megalithic temples built by the prehistoric inhabitants of the Maltese Islands around 3600 to 2500 BC. These temples are among the oldest free-standing structures in the world, predating Stonehenge and the Egyptian pyramids. The temples are characterized by massive stone blocks, some weighing several tons, intricately carved megaliths, and sophisticated architectural features. They are recognized as UNESCO World Heritage Sites and are a testament to the advanced engineering and cultural achievements of ancient Malta.

Malta
Location: Mediterranean
Capital City: Valetta
Population: 518,531 (2021)
Language Spoken: Maltese, English
International Time: EST + 6 hours
Airline Service: Air Europe, Air Malta, British Islands Airways, Monarch Airlines
Currency: Euro
Type of Government: Independent Republic
Main Industries: Dependent on foreign trade, manufacturing of electronics and pharmaceuticals and tourism
Tax Treaty: Yes, with United States
OECD: Approved
FATF: Approved