Situated at the centre of the Mediterranean, Malta has a long tradition of international business that goes back as far as the Phoenicians in the first millennium BC. The Carthaginians, Romans, Arabs, Knights of St. John and others, along with the French and British all realised the economic potential of the Maltese Islands. For close to two centuries Malta was the Royal Navy’s Mediterranean home-port. This laid the foundations for the island’s subsequent industrial development. This solid background has led to today’s favourable industrial climate, together with its pro-business environment, which makes Malta an ideal location for foreign direct investment. Today there are well over 200 foreign-owned manufacturing companies operating in Malta. Economic stability, healthy industrial relations and competitive labour costs have been the pillars sustaining the success stories of many foreign companies for the last 40 years.
For decades Malta has welcomed many companies from a wide range of sectors. There are companies involved in electronics production, automotive components, tool-making, aviation related services and maintenance, up-marketing textiles and furniture products, chemicals, pharmaceuticals and food. These companies have found that Malta offers definite advantages in terms of quality, rapid product turnover, short but specialised production runs, product development, sales and marketing. Furthermore, a number of bilateral and multilateral tax treaties and agreements ensure favourable export conditions to Europe, United States, Japan, North Africa and Middle East.