Background
EU membership in 2004 and the Euro adoption in 2008, meant that Malta’s government implemented several measures to reduce and maintain the deficit, public debt, inflation and unemployment below EU benchmarks.
The Euro adoption has made Malta more attractive for investment purposes through reductions in transaction costs and international trade barriers. The country also gained access to EU’s market, which seeks to guarantee free movement of goods, capital, services and people.
Forward Thinking Economy
Today, Malta has a diversified free-market economy which mainly relies on tourism, manufacturing and financial services.
The government encourages foreign investment and Malta enjoys good industrial relations. Malta also provides numerous financial incentives and maintains a flexible tax regime encouraging economic growth.
Additionally, the island offers international investors a highly advanced telecommunications network, skilled professionals and a strategic location.
