Malta IFC Recruitment site.

Are the islands of Malta right for you?

Malta is a small and densely-populated island nation comprising an archipelago of seven islands in the Mediterranean Sea. A country of Southern Europe, Malta lies south of Sicily, east of Tunisia, and north of Libya.
Malta 's strategic geographical location played a decisive role in its history and continues to play a very important part in its economical, political and cultural development and prosperity today.

Population
The population of the Islands is approximately 400,000.

Political Structure
Malta is a sovereign independent state enjoying traditional political, economic and social stability. It enjoys a parliamentary democracy based on the British model. It joined the EU in May 2004 and forms an integral part of Western Europe both politically and culturally. Malta is a member of the United Nations, of the Council of Europe and of the Commonwealth. Malta maintains friendly relations with all countries through its policy of non-alignment.
The President is the titular head of the state, while executive powers rest with the Prime Minister and the Cabinet.

Infrastructure and Economy
Following an overhaul of Malta's financial legislation in the early 1990s, Malta has obtained international recognition as a stable financial services centre of repute. Today, Malta's regulatory framework for financial services is fully consolidated and aligned to internationally recognized standards. Its onshore regime provides a seamless framework that supports both domestic and international economic activity. The Malta Financial Services Authority (MFSA) is Malta's single regulator for banking, investment services, insurance and other financial services activity. The regulator's accessibility and its pro-active approach to addressing market developments has proved to be a highly successful formula.
The Maltese financial services industry has witnessed a rapid growth over the last decade, with over 6,000 people currently employed in the financial services sector (excluding law firms and accountancy firms), contributing a significant 12% to the country's GDP. The Maltese Government continues to evaluate and update relevant legislation and regulations, keeping it abreast of developments in the industry with a view to maintaining Malta's competitiveness in this sector.

There are several daily flights to Malta from all major European cities.

Language
The Republic's official languages are Maltese and English; all Maltese citizens speak the latter fluently. Business correspondence is mainly in English. Most of the population is also fluent in Italian.

Currency
Maltese Lira, although The Maltese government is intending to adopt the Euro as the country's currency on 1 January 2008.

Exchange Control
Exchange controls have been abolished since 19 April 2004, except for certain restrictions for transactions involving non-residents from non-EU/non-EEA countries.

Law
Malta is a Civil Law jurisdiction, however, all modern legislation including company, tax and maritime laws are modelled on their UK counterparts.

Disclaimer The materials contained on this web page are provided for general information only and do not constitute any form of legal definition or advice. IFC Recruitment assumes no responsibility for the accuracy of any particular statement and accepts no liability for any loss or damage which may arise from reliance on the information contained on this site. References 1. Wikipedia profile: Malta 2. CIA World Factbook entry: Malta