Why Malta?
Malta has a pleasant Mediterranean climate with mild, wet winters and hot, dry summers, rendering the Maltese islands a popular tourist destination.
The Maltese economoy is driven by the financial services sectorm followed by tourism and IGaming, The financial services sector in Malta has been growing into a more productive niche, irrespective of the financial crises which affected other foreign countries. Given that Malta is endowed with an advantageous tax system, a robust and sophisticated legal system and a relatively low cost environment, Malta has managed to emerge as one of the most reputable and successful financial services centres in Europe and worldwide.
About Malta
Malta’s performance over the years confirmed the Island’s resilience to face hard circumstances. Overall, the economy does not appear to suffer from lack of competitiveness. The economy underwent a structural shift away from traditional manufacturing and towards higher technology activities, mainly in services, in a relatively smooth way. The restructuring was job-rich and thus able to absorb a significant increase in labour participation, in particular as more and more women entered the labour market. Export market shares increased, mainly in services, but also in some segments of the trade of goods. Price and cost competitiveness have improved, thereby supporting an export-led recovery of the economy and a further improvement in the current account balance. A stable regulatory environment and a relatively cheap and skilled labour force certainly contributed to these favourable developments.
