Described as one of the best places to reside worldwide, Malta is reputed to be an ideal choice for prospective investors seeking to do business in Europe. The island is a member of the Commonwealth of Nations, has been a member state of the European Union since 2004, and was admitted to the United Nations in 1964.
Malta is strategically positioned at the centre of the Mediterranean, 288 km north of Africa and 93 km south of Sicily. Boasting political stability, a sound banking system and a very low crime rate, Malta is an ideal European financial hub with strong connections in both North Africa and the Middle East. The country enjoys over 300 days of sunshine, attractive beaches and 7,000 years of history. Malta also boasts a strong presence of foreign direct investment (FDI) thanks to its efforts in creating an ideal environment for foreign investors.
Malta is one of the first countries that drafted in-depth legislation which shall regulate the issuing of Initial Coin Offerings (ICOs), cryptocurrencies, the setting up of cryptocurrency exchanges and service providers of Distributed Ledger Technology (DLT).