Malta Geography, History, and Culture

Located south of the Italian island of Sicily between Europe and North Africa, the Republic of Malta gained independence from Britain in 1964, after the Maltese people were awarded the George Cross for defending the crucial military bases there during the Second World War.

With its Mediterranean climate with mild winters and hot summers, Malta is a tourist destination with numerous recreational areas and architectural and historical monuments. Native Maltese people make up the majority of the island. However, the largest minority group are Britons, many of whom are retirees, having flocked there for its climate. It joined the European Union in 2004 and its economy is classified as ‘advanced’. Maltese and English are their two official languages.

Public Holidays

2021
March 19	Feast of Saint Joseph
March 31	Freedom Day
April 2	Good Friday
May 1	Labour Day/May Day
June 7	Sette Giugno
June 29	Feast of Saints Peter and Paul
August 15	The Feast of Mary’s Assumption
September 8	The Feast of Our Lady of Victories
September 21	Independence Day
December 8	Feast of the Immaculate Conception
December 13	Republic Day
December 25	Christmas Day

Legal Entity Types

Limited Liability
Corporation
Partnership

Taxation

Corporate Tax: 35% (unless eligible for 30% rebate)
Income Tax (Lowest Marginal Rate): N/A
Income Tax (Highest Marginal Rate): N/A
VAT/GST/Sales Tax: 18% (7% and 5% for certain goods and services)

Available Banks

Akbank T.A.S. (Commercial Bank)
APS Bank Limited (Commercial Bank)
Banif Bank (Malta) plc (Commercial Bank)
Bank of Valletta plc (Commercial Bank)
BAWAG Malta Bank Limited (Commercial Bank)
CommBank Europe Limited (Commercial Bank)
Credorax Bank (Malta) Limited (Commercial Bank)
Deutsche Bank (Malta) Limited (Commercial Bank)
Erste Bank (Malta) Limited (Commercial Bank)
FCM Bank Limited (Commercial Bank)
FIMBank plc (Commercial Bank)
Fortis Bank Malta Limited (Commercial Bank)
HSBC Bank Malta plc (Commercial Bank)
IIG Bank (Malta) Limited (Commercial Bank)
Investkredit International Bank plc (Commercial Bank)
Izola Bank plc (Commercial Bank)
Lombard Bank Malta plc (Commercial Bank)
Mediterranean Bank plc (Commercial Bank)
NBG Bank Malta Limited (Commercial Bank)
Novum Bank Limited (Commercial Bank)
Pilatus Bank Ltd. (Commercial Bank)
Raiffeisen Malta plc (Commercial Bank)
Satabank plc (Commercial Bank)
Sparkasse Bank Malta plc (Commercial Bank)
Turkiye Garanti Bankasi A S (Commercial Bank)
Nordea Bank AB Malta (Commercial Bank)
Volksbank Malta Limited (Commercial Bank)
Go Bank Malta Limited (Commercial Bank)

Need more information about Malta?

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