The Maltese Government has set a target of making Malta a reputable international
investment centre by 2015. To achieve this aim, a varied number of action plans have been put in play.
The most significant, worth mentioning, were:
- EU membership in 2004;
- Entry into the Euro zone in 2008;
- A comprehensive system of laws including , the money laundering act, the professional secrecy act and insider dealing act;
- Reduction of bureaucracy - more specifically by gathering all administrative and regulatory powers under one authority;
- Setting up of an institution specifically aimed at attracting foreign investment to Malta - Finance Malta
Other factors of interest:
- the financial sector is a key growth area in the country's GDP - set to contribute to 25% of GDP by 2015;
- GDP growth and inflation in line with EU reference indices;
- Over 50 double taxation treaties;
- A well educated and English speaking work force;
- A European attitude and culture;
- A legal system based on UK law;
- Very good connections to all major European hubs
| 05.07.2009 |