Malta Business, Taxation and Offshore Information
Malta Wanted To Be In The EU . . . most of the time, anyway
Malta is an independent nation, having split from the UK in 1964. The Maltese Islands are 100 km south of Sicily, with a population of over 411,000; the climate is warm. Malta has a Westminster-style democracy, but has been politically fractious since independence. 15 years of post-colonial adolescent flirtation with Communism and the third world has however been succeeded by a more mature attitude.
Malta joined the EU in 2004, although as late as the spring of 2002, with EU accession negotiations almost completed, the opposition labour party was still hankering after a life as the 'Switzerland of the Mediterranean'. Eventually, Malta was invited to join the EU in December, 2002, along with Cyprus and eight Eastern European ex-Soviet states. A referendum in March, 2003, approved EU entry, and after the government was returned to power in April, it signed the EU accession treaty in Athens. Finally, the Maltese Parliament ratified the accession treaty in July, 2003. More »