Officially known as the Republic of Malta, many Europeans emigrate yearly to improve their standard of living. Their backgrounds and reasons vary: Highly educated people who choose to further their careers in the growing financial sector and online gaming industry; budding entrepreneurs who want to set up their own internet companies; young people who seek the challenge of learning or improving their English; and pensioners who desire to relax and enjoy their retirement years.
Regardless of motivation, they all benefit from Malta’s excellent climate, thriving economy, warm hospitality, and a culture that is rich in history and tradition.
The best way to discover Malta is to experience it personally. We look forward to your visit.
Malta Fast Facts
Country Size: 316 km2
Government Structure: Democratic Parliamentary Republic, EU member since 2004
Official Languages: English and Maltese
Currency: Euro (€)
Capital City: Valletta (Awarded the prestigious title European Capital of Culture 2018)
Mediterranean Climate: Hot, dry summers and mild winters. Average of 300 days of sun a year. Rain is scarce between May and September. Average Sea Temperature: 16°C in winter and 26°C in summer. Average Air Temperature: 12°C in winter and 30°C in summer
Beaches: The water is clean enough to swim anywhere and is accessible almost everywhere along the coastline. The beaches and resorts are some of the best in all of Europe.
Unemployment Rate: 4.1 %, third lowest in the EU (countryeconomy.com, 2/2017)
Malta and Its Economy
For years, tourism has been one of the primary sources of income for Malta. After gaining independence from the British Commonwealth in 1964, it was mostly the British who considered this former colony as a favourite holiday destination.
In the last decade, Malta’s popularity has increased throughout other European nations and the number of tourists continues to rise steadily. Many also enjoy visiting the nearby islands of Gozo and Comino.
However, as an EU member state since 2004, Malta no longer solely relies on tourism. To achieve a more diversified economy, the government gradually invested in key sectors such as banking and finance, information and communications technology (ICT), maritime, aviation, and manufacturing. Thanks to a stable political climate, a favourable business environment, and modern technology infrastructure, the service sector comprises approximately 75% of the Maltese economy today.
“Malta has weathered the euro-zone crisis better than most EU member states due to a low debt-to-GDP ratio and financially sound banking sector. It has low unemployment relative to other European countries and growth has recovered since the 2009 recession. In 2014 and 2015, Malta led the euro zone in growth, expanding by nearly 3.5% each year.” Source: The World Factbook, www.cia.gov
“In no small part, Malta’s rise into the ranks of Europe’s leading finance centres has been driven by the island’s reputation for stability, predictability and security which has made it an exception among other global financial centres. A robust, EU-compliant regulatory framework, diverse ecosystem and deep talent pool also helped financial services companies from around the world to find opportunities for doing business in Malta.” Source: financemalta.org
5 Reasons People Choose Malta
English Language. The majority of Maltese people speak fluent English and all governmental documents and contracts are available in English. Malta’s literacy rate is 94.4%.
Easy Access. Malta’s international airport offers many direct flights to most countries in Europe and other continents.
Excellent Healthcare. Malta’s healthcare system is considered one of the best in the world, offering both public and private hospitals and clinics.
Low Crime. Malta is considered to be one of the safest countries in the world.
Diverse Lifestyle. Don’t be fooled by its small size, Malta offers plenty to do. The growing expat community blends in well with the locals for their many traditions and festivals. The area is a true paradise for those who enjoy golf, sailing, scuba-diving, hiking, and biking. Not to be overlooked is a delightful variety of unique cuisine and shopping.
Malta’s capital city, Valletta, ranked #3 of “European cities best equipped to accommodate professionals relocating as a result of Brexit.” Source: www.movinga.fr/en