Malta - An Overview
Malta is located at the heart of the Mediterranean, just 100km south of the island of Sicily and along major shipping routes. The Republic of Malta consists of an archipelago of three major islands covering an area of 312 sq. km. The country has approximately 400,000 inhabitants and its official languages are Maltese and English – the language of business is English. Until 1979, Malta was used as the main naval base for the British Mediterranean Fleet and, as a result, received a rent which together with other income indirectly generated from such use, accounted for a substantial portion of the country's total earnings. As this source of income drew to a close there was a shift in emphasis in Malta's economic policy towards the development of the manufacturing and tourism industries. Manufacturing now accounts for 21% of employment and is the leading contributor to gross domestic product.
The system of government is that of a parliamentary democracy and the island is a full member of the European Union. Malta enjoys a moderate climate of warm dry summers and mild winters with the maximum mean temperature being approximately 15 degrees Celsius in winter and 30 degrees Celsius in summer.
Malta is an ideal place to do business
Living standards in Malta are good and compare well with those of continental Europe. Life expectancy at birth and infant mortality rate are comparable to that of advanced European economies. Education, health and sanitation facilities are of very high standard and available to all. Expatriates working in Malta generally command a salary that easily allows for a very comfortable standard of living to be achieved.