The ISO code of Malta is MT according to ISO 3166 standard. The local name of the country is Malta. Valletta is the capital city of Malta. The official languages of Malta are English, Maltese. On 21 September 1964, Malta emerged as a sovereign political entity. The largest cities in Malta are Valletta, Birkirkara, St. Paul's Bay, Mosta, Sliema, Qormi, Żabbar, Naxxar, San Ġwann, Marsaskala, Żebbuġ, Fgura, Rabat, Żejtun, Żurrieq, Attard, St. Julian's, Swieqi, Mellieħa, Birżebbuġa, Ħamrun, Msida, Tarxien, Siġġiewi, Gżira, Paola, Santa Venera, Victoria (Gozo).
Malta is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Malta is .mt. Other domains assigned to Malta are .eu. The International dialing code for Malta is +356. People in Malta drive on the left side of the road. Total land area of Malta is 316,00 km2. Malta is not a landlocked country.
Malta is located in the southern part of Europe. Malta is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Malta faces various issues including limited natural fresh water resources, increasing reliance on desalination.
Doing business in Malta
We offer various corporate services in Malta jurisdiction. These services can serve both, people coming from Malta and foreigners. If you plan on doing business in Malta you might be interested in contacting us.
To find out about starting your business in Malta click on company formation in Malta.
To find out how to open a bank account in Malta and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Malta.
Choose preferred service below or continue reading to find out more about Malta.
Demographics of Malta
The total population of Malta is 445 426 people. In Malta, the population density is 1321 people per square kilometer (3437 per square mile). Because of this statistic, this country is considered to be overpopulated. The ethnic diversity is almost uniform according to a fractionalization scale which for Malta is 0.0414. Malta has 34 455 million foreign immigrants. The median age is approximately 40.9 years. In Malta, 70 in every 100 people use internet. Malta has a Human Development Index (HDI) of 0.829.
The main religion of Malta is Christianity. Malta is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Malta.
Culture of Malta
People in Malta speak English, Maltese languages. According to data on inbound tourists in Malta, 1 582 000 tourists arrive in the country each year. The first McDonalds in Malta was opened on 7 July 1995 One of the most popular national dishes of Malta is pastizzi. To read more click on culture of Malta.
Geography of Malta
Malta is considered a small nation because of its total area. Its total land area is 316,00 km2 (approx. 122 mi2). Malta is located in the southern part of Europe. Its capital city is Valletta. Total length of land borders of Malta is 0,00 kilometers (~0.00 miles).
The highest point of Malta is Ta'Dmejrek with its official height being 253 m (830 ft). Including land mass and EEZ, the total area of Malta is approximately 55 139 km2 (~21,289 mi2). The most notable natural resources found in Malta are limestone, salt, arable land. To read more click on geography of Malta.
Economy of Malta
The currency of the country is European euro. The symbol used for this currency is €, and it is abbreviated as EUR. 5% of population in the country are unemployed. The total number of unemployed people in Malta is 22 716. Each year, Malta exports around $5.11 billion and imports roughly $7.44 billion. The Gini Index of the country is 27.9. Malta has a Human Development Index (HDI) of 0.829. Malta has a government debt of 77% of the country's Gross Domestic Product (GDP), as assessed in 2012. Malta is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, electronics, ship building and repair, construction, food and beverages, pharmaceuticals, footwear, clothing, tobacco, aviation services, financial services, information technology services.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Malta is $ 14 122 billion. Each year, consumers spend around $5051,00 million. The ratio of consumer spending to GDP in Malta is 63%, and the ratio of consumer spending to the world consumer market is 0%. The corporate tax in Malta is set at 35%. Personal income tax ranges from 0% to 35%, depending on your specific situation and income level. To read more click on economy of Malta.
Infrastructure of Malta
Infrastructure quality in Malta is rated to be at 3.08. In Malta, 100% of the population has access to electricity. There are 14 754 internet hosts in Malta. Malta has 1,00 airports nationwide. The logistics performance index of Malta is 3.11. Tracking possibilities for shipments are rated at 3.15. To read more click on infrastructure of Malta.
Politics of Malta
Malta is a parliamentary republic. With regard to political and civil freedoms, Malta is 1. The head of the government is Marie Louise Coleiro Preca.
According to the World Bank Group, the government effectiveness index of Malta is 1.03. In Malta, the legislative power is vested in a house of representatives. The strength of legal rights index for Malta is 2. Malta is a member of the United Nations (UN). On 1 December 1964, it joined the UN as a full member state. Malta is a member of the European Union (EU). On 1 May 2004, it joined the EU as a full member state. Malta is a member of the World Bank. To read more click on politics of Malta.
Environment of Malta
Malta emits 6 metric tons per capita of CO2. 3,00 km2 of Malta's territory is covered in forests, and forest land comprises 1% of all the land in the country. To read more click on environment of Malta.
Company formation in Malta
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Malta.
When establishing a company in Malta, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Malta that will affect the establishment and growth of one's business. Contact us or click on company formation in Malta to read additional information when setting up a business.
Bank account opening in Malta
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Malta. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Malta, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Malta or contact us.