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Get to Know About Malta
Malta is a Southern European island or archipelago in the Mediterranean Sea. It covers a total land area of 316 square kilometers and has a population of about 475,000 Maltese. Due to its land size and population, it is the world’s tenth smallest and fifth most densely populated country. Its capital is Valletta, which is the smallest national capital in the EU. Most Maltese are Catholics and speak two languages; namely Maltese and English. They use the Euro as a medium of exchange when buying goods and services. The country has a Mediterranean climate with mild winter and dry, hot summer while rain occurs mainly in autumn and winter.
The Gross Domestic Product (GDP) in Malta was worth 14.270 billion US dollars (2018 estimate). Its GDP per capita was $30,555. Currently, the Corporate Tax Rate stands at 35 percent, which turns companies and business owners a little bit serious.
Doing business in Malta is quite straightforward (not complicated and easy to do). Since English is widely spoken, more foreign investors will come and put up their business around the country. Malta is a member of the Eurozone, Schengen area and European Union, so nationals who are part of these organizations do not require a visa. Foreign or third nationals will require an entry visa. Permits and necessary licenses are needed only when you are planning to work, live, and operate a business in the country.
Advantages of visiting or staying in Malta outweigh disadvantages. One problem that foreigners might encounter is the heavy traffic (due to the large population in a small country). Maltese speak English fluently so visitors can enjoy their stay in the country. The geographical location gives benefits to the island as it is surrounded by other well-developed countries in Europe and Africa.