Malta, officially known as the Republic of Malta, is a Southern European island country in the Mediterranean Sea. The Maltese archipelago consists of three inhabited islands: Malta, Gozo and Comino, and 18 uninhibited. The smallest one is Comino, and it is mainly unpopulated. The largest one is Malta, the second largest is Gozo. While Malta is a cultural, commercial and administrative centre, Gozo is known for fishing, crafts and agriculture.
In 1964, Malta gained full independence from the UK and joined the Commonwealth. In 1974, it became a republic. In 2004, it joined the EU.
Largest city: Birkirkara.
Government: Unitary parliamentary republic.
Official language: Maltese, English.
Religion: Roman Catholic Church.
Population: around 450,000.
Membership: United Nations (UN), European Union, Commonwealth, Schengen area, etc.
Currency: Euro (EUR).
Geography and climate
Area: 316 km2.
Climate: Mediterranean, with mild winters and hot summers.
Air temperatures: average yearly 23°C.
Water temperature: 26°C in summer.
Landscape: rock, limestone, dry vegetation.
- 7000 years of history
- Mediterranean climate with mild winters
- Outdoor activities and water sports
- Spa and wellness facilities
- Festivals and carnivals
- Thriving nightlife
- Low crime rate
- Easy access from European and neighbouring countries
Despite the fact that Malta has no natural resources and a limited fresh water supply it is classified as an advanced economy by the International Monetary Fund, a high-income country by the World Bank and an innovation-driven economy by the World Economic Forum.
The economy depends on three major sectors.
Foreign trade. Due to its favourable geographical location, Malta is used as a stopping, freight trans-shipment and refuelling point for many international ships.
Manufacturing, especially electronics, pharmaceuticals and textiles.
Tourism. Due to its turbulent history, mild climate and things to see and do, Malta attracts more and more tourists from all over the world. Tourism generates around 15% of GDP.
Other growing sectors driving the economy are film production, real estate and financial services.
Malta Financial Services Authority (MFSA), financial regulator, has been successfully working to attract gaming businesses, aircraft and ship registration, credit-card issuing, banking licences and also fund administration. Malta’s growth strategy mainly focuses on service providers to these industries, such as fiduciary and trustee business.
To attract foreign investments that could contribute to the economic growth and development, the Maltese government established their own citizenship by investment programme in 2014.
Benefits for investors
- Productive English-speaking workforce
- Favourable geographic location
- Fully developed open market economy
- Politically and economically stable EU state
- High standards of healthcare and education
- No property tax
- Low corporate tax
- Growing tourism sector
- Stable property market
- Second passport in exchange for investment
- Visa-free travel to over 168 countries worldwide
Pursuant to the Individual Investor Programme of the Republic of Malta Regulations, 2014 no certificate of naturalisation will be issued unless the main applicant provides proof that they have been a resident of Malta for a period of at least 12 months preceding the day of the issuing of the certificate of naturalisation. For more information on Maltese residency, please read Residence.
Malta also offers EU/EEA/Swiss and other nationals a preferential tax status subject to their eligibility. Please see Other Programmes for more information.