The Republic of Malta
The Republic of Malta is 93 kilometers south of Sicily, comprised of an archipelago of three islands in the central Mediterranean. Tunisia is 288 kilometers to the north-east with Gibraltar 1826 kilometers to the east. It is a world famous resort island with spectacular beaches and a sunny, year-round climate. Malta just over 300 square kilometres in land mass, is one of the smallest and most densely populated nations in the EU. The capital city is Valletta, with Birkirkara being the largest and Sliema the best known due to its vacation appeal. Maltese is the national language along with English.
The monuments dotting the landscape, of which nine are included on the UNESCO World Heritage sites with the Megalithic Temples being the oldest free-standing structures on the planet.
Gaming in Malta
In 2004, Malta became the first EU Member State to enact comprehensive legislation on remote gaming, and industry stakeholders consider Malta as one of the foremost tried and tested jurisdictions in the world.
The foresight and determination of the Maltese authorities to develop the iGaming industry, together with the Malta Gaming Authority’s (MGA) pro-active approach to the inevitable changes in the sector, have created a stable and attractive regulatory environment for this sector to flourish. As jurisdictions try to catch up by adopting Malta’s regulatory approach, the MGA, together with the Maltese authorities, continues its mission to create the right environment for gaming operators to feel safe and protected.
Malta is Internationally Renowned
If you are considering relocating to Malta, therefore, then you can rest assured that you will settle in seamlessly. From the excellent level of healthcare and schooling, to the ever-growing expatriate community and welcoming locals, you will be making a first-class lifestyle choice.
All those who move to Malta, the smallest EU state, fall in love with its natural beauty, architectural gems and the Mediterranean joie de vivre that permeates life on the island. Many are also attracted by the various successful industries that are flourishing in Malta such as the gaming industry and the financial services.
In fact, the thousands of international businesspeople who have chosen Malta as their base will tell you the many reasons why they love living and working here.
Due to its strategic location at the crossroads of the Mediterranean and its inviting climate, Malta has been a major actor throughout the annals of time. Major powers over the course of history such as the Phoenicians, Greeks, Romans, Fatimids, Sicilians, Knights of St John, French and the British have all ruled the islands. Malta gained independence from the United Kingdom in 1964 and became a Republic in 1974, at all times retaining its membership in the British Commonwealth of Nations. Malta has been a member of the United Nations since 1964; and a member of the EU since 2004. In 2007, Malta became a party to the Schengen Agreement. The Maltese passport was named the 9th most powerful in the world in a 2013 index by the international residence and citizenship planning consulting firm, Henley & Partners. The island nation also forms part of many of the world’s biggest associations, including the United Nations and the Commonwealth of Nations. Furthermore, Malta became a member state of the European Union in 2004, joined the Schengen Treaty in 2007 and adopted the Euro in 2008.
A recent study compiled by the European Central Bank has identified Malta’s banking sector as being one of the most robust and resilient within the EU. Maltese banks have returned solvency ratios that are almost double the EU average. The capital buffer retained by local banks are at 16.2% which is, Europe’s highest with the second being Lithuania.
The largest banks in Malta are the Bank of Valletta, HSBC Bank Malta, and Mediterranean Bank. Due to its location, the presence of major banks from around the world, and the dedicated efforts of the government, Malta is a highly regarded international financial centre. The Central Bank of Malta (Bank Centrali ta’ Malta), has two key areas of responsibility: the formulation and implementation of monetary policy and the promotion of a sound and efficient financial system. It was established by the Central Bank of Malta Act on April 17, 1968. The Maltese government entered ERM II on May 4, 2005, and adopted the Euro as the country’s currency on January 1, 2008.
Public Holidays in Malta
|1 January||New Year’s Day|
|10 February||St. Paul’s Shipwreck|
|19 March||St. Joseph|
|31 March||Freedom Day|
|March/April (date changes)||Good Friday|
|1 May||Labour Day|
|7 June||Sette Giugno|
|29 June||St. Peter and St. Paul (L-Imnarja)|
|15 August||The Assumption (Santa Marija)|
|8 September||Our Lady of Victories|
|21 September||Independence Day|
|8 December||Immaculate Conception|
|13 December||Republic Day|
|25 December||Christmas Day|