The ISO code of Malta is MT according to the ISO 3166 standard. The local name of the country is the same as its English name. Malta capital city is Valletta. People in Malta speak the English, and Maltese languages. On 21 September 1964, Malta emerged as a sovereign political entity. In the year 09/21/1964, 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 domain name .eu is available for use by organizations in and residents of European Union member-states. 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 km² (approx. 122 mi²). Malta is not a landlocked country. It means that is is bordered by at least one major body of water.
Malta is located in 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
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Demographics of Malta
The total population of Malta is 432,089 people. In Malta, the population density is 1321 people per square kilometer (3,437 per square mile). Because of this statistic, this country is considered to be very densely. The ethnic diversity is almost uniform according to a fractionalization scale which for Malta is 0.0414. Malta has approximately 41442 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 majority 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 the English, and 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 07/07/1995. 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 to be a large nation because of its total area. Its total land area is 316 km² (approx. 122 mi²). Malta is located in Europe. Its capital city is Valletta. Malta has no land borders.
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 euro. The symbol used for this currency is €, and it is abbreviated as EUR. 3.5% of population in the country are unemployed. The total number of unemployed people in Malta is 15,123. 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 43.3% 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 $5,051 million. The ratio of consumer spending to GDP in Malta is 0%, and the ratio of consumer spending to the world consumer market is 0.0145. 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. VAT in Malta is 18%. To read more click on economy of Malta.
Infrastructure of Malta
Infrastructure quality in Malta is rated to be at 3.08. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Malta, 100% of the population has access to electricity. There are 14,754 internet hosts in Malta. Malta has 1 airports nationwide.
The logistics performance index of Malta is 3.11. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 3.15. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Malta is 842. 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. Citizens in Malta experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. 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. This indicates that the government of Malta is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Malta, the legislative power is vested in a House of Representatives. The strength of legal rights index for Malta is 2. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. 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 December 1964, 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 km² of Malta's territory is covered in forests. and forest land comprises 1% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Malta is 842. 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.