Malta – A Small Country Offering Big Opportunities!

Updated: July 30, 2020 | 5 minute read

Interested in our services? Our team is here to help.

Contact us

Introduction

Malta is strategically located at the heart of the Mediterranean with very close ties to Europe, North Africa and the Middle East. Malta abounds in history and culture and is blessed with a mild and congenial Mediterranean climate. A small archipelago of islands of just over 300km2 and a population of just 430,000, Malta punches well above its international weight! An English-speaking environment with good air and sea links, modern communications infrastructure, endowed with hospitable people, makes Malta a safe and perfect destination for trade and investment.

Malta is in the forefront of several international fora and a full member of the European Union, the Commonwealth and many other international organisations and has close and excellent relations in Europe, North Africa and the Middle East and further afield.

Politics and Economy

Politically and economically stable with a modern and efficient infrastructure Malta has
undergone an incredible transformation in the few decades since independence was gained in 1964. Four decades later, with a fully functioning open market economy, joining the EU in 2004 was seen as a natural step towards securing the economic future of the country. Becoming part of the Schengen area in 2007 and the adoption of the Euro in 2008 have ensured that the economy is not vulnerable to currency fluctuations and allowed the nation to be more competitive.

Progress and flexibility are key factors in the success of Malta’s ability to remain ahead of its times with solid regulations allow market stability and certainty, together with a business-friendly and accessible regulatory authorities allowing flexibility and grounds for ad-hoc models. And the pro-business government continually seeks to strengthen Malta’s attractiveness as an open market economy. 

Malta’s tax system is also attractive with low taxation rates, and Malta has signed Double Taxation Agreements with some 72 countries.

Key Business Sectors are:

Language Fluency

The country’s national languages are Maltese and English – with the latter being the
language of education and business in Malta. This certainly adds to the destination’s appeal for visitors, traders and investors. Practically all Maltese are bilingual, and many are also conversant in Italian. Some may also have at least a working knowledge of French or German.

Foreign language fluency as a percentage of the population is as follows: English 88%, Italian 66%, French 17% and German 6%.

Workforce

The success of a business is not achieved by financing or technology but is ultimately
determined by people power. People are Malta’s greatest natural resource, and the country has good availability of professional, managerial and technical staff as well as a ready supply of top graduates, most of whom are technology-experienced.

The link between secondary and tertiary education and the industry is vital for Malta’s
competitiveness. Education and HR-related strengths top the criteria for choosing Malta as an investment destination.

Malta attracts highly qualified workers from the European Union, yet despite this, has low unemployment compared to other EU countries of just over 4%.

International Finance Centre

Malta is now an internationally recognised financial services hub. For an island the size of Malta, the country has built up a remarkably diverse financial services portfolio. Indeed, the strength of the financial services sector was a critical contributing factor to the speedy emergence of Malta’s economy from the recession. The reputation of the Maltese financial services sector improved considerably due to the resilience and stability it showed during the 2008 financial crisis. This did not go unobserved in the global scenario, and the impeccable reputation of the local financial services is expected to fuel further growth in this sector.

It has always been considered strategically important to the country’s human and
economic advancement to be well connected with the rest of the world. As such, there has been a great deal of investment and consolidation to create and ensure a reliable Information Communication Technology (ICT) infrastructure.

Malta’s fully liberalised and developed ICT infrastructure has undoubtedly contributed to the island fast becoming a regional centre of excellence in ICT and financial services.

Excellent ICT Infrastructure

It has always been considered strategically important to the country’s human and
economic advancement to be well connected with the rest of the world. As such, there has been a great deal of investment and consolidation to create and ensure a reliable Information Communication Technology (ICT) infrastructure.

Malta’s fully liberalised and developed ICT infrastructure has undoubtedly contributed to the island fast becoming a regional centre of excellence in ICT and financial services.

Open for Investment

The island is considered the best choice for investments in knowledge-based sectors,
igaming and high-end manufacturing. Malta is also considered an ideal logistical hub due to its excellent port infrastructure. This, together with Commonwealth and EU membership, makes the country a perfect gateway to the EU, the Euro-Mediterranean region and further.

Malta has recently attracted a high level of foreign direct investment including for such
projects as SmartCity Malta, hotels, banks, igaming and IT companies. In certain sectors, there are Maltese government incentives available.

Safe and Pleasant Lifestyle

There are many reasons why visiting, trading with or investing in Malta makes good sense, but it is not enough for the figures to add up and the stars to be aligned. In this day and age – where time, health, safety and true quality of life are precious commodities – Malta scores highly on all these aspects. Travelling distances are minimal, the healthcare facilities, which rank among the best in Europe, are first-class in both public and private hospitals and the crime rate is very low. However, the biggest selling point of the island nation is undoubtedly the lifestyle that residents and visitors and their families enjoy in the country. Indeed, those thinking of trading with or investing in Malta are highly recommended to visit the country to explore and experience for themselves the wealth of history, culture, hospitality, bars and restaurants. That way one can get a real taste of the flavoursome Maltese and Mediterranean cuisine and lifestyle that the country offers.

Click here to download Malta and its opportunities.

Why Choose Nexia BT?

Established by Brian Tonna, managing partner, Nexia BT is a corporate and private client advisory, audit, accounting and tax firm. Our clients are local and international financial and other institutions, SMEs, high-net-worth-individuals, the public sector and high-end organisations.

As a reputable organisation of over 27 years standing and forming part of a worldwide network of independent business advisors, consultants, auditors and accounting firms present in over 115 countries, we are optimally positioned to offer global expertise.

Along these years, we have built client loyalty around a credible reputation for delivering results whilst working to the highest professional standards.

Nexia BT’s strength lies in the technically competent staff with experience across a varied range of industry sectors. We deliver solutions to our clients through a high calibre customised service reflected in the professional work approach and ethics of our staff and driven by our ethos ’Closer to you’. With the backing of this business approach, we confidently present you Nexia BT as your trustworthy, dependable and reliable partner in Malta.

We're here to help

Our team will help you deliver results whilst working to the highest professional standards. Nexia BT your reliable partner in Malta.

Get in touch