Telephone: (+356) 2141 0907

Windy
13°C

Mobile: (+356) 9999 7777 / 9990 0033



  • Why Malta?
    Other Information


    Stock Exchange

    Malta's Stock Exchange was established in 1993, and in 2002, the Financial Markets Act successfully succeeded the Malta Stock Exchange Act of 1990 as the law regulating the operations and establishment of the Malta Stock Exchange. This law divested the Malta Stock Exchange of its regulatory functions and transferred these functions to the Malta Financial Services Authority (MFSA). The Financial Markets Act also set up a Listing Authority, which is responsible for granting "Admissibility to Listing" to companies seeking to have their securities listed on the Exchange.

    The small number of companies publicly listed on the Malta Stock Exchange have not been concerned with the possibility of hostile takeovers. There are no regulations granting consent to firms to handle articles of incorporation/association that would limit overseas investment, participation or control. Legal, regulatory and accounting systems are transparent and consistent with international norms. Several American auditing firms have local correspondents.

    Political Violence

    There have been no incidents in the recent past correlated with politically geared harm to projects and/or installations, and there are no manifestations of civil disturbances that may become more likely.

    Corruption

    Since 2001, Malta has been a member of the Council of Europe's Group of States against Corruption (GRECO). According to a report drawn up by GRECO in January 2005, "de facto instances of corruption within the public administration are rare". GRECO also commented that: "Malta promotes international and coordinated actions to prevent and fight corruption, organized crime and money laundering and takes account of the link between these crimes. It has taken several initiatives to adopt the legal provisions concerning the seizure and forfeiture of proceeds of crime as well as the criminal and civil liability of legal persons with a view of implementing the Criminal Law Convention on Corruption. Minor adaptations are still required. It also adapted in 1995 a Code of Ethics for employees in the public sector and subsequently several other code of ethics".

    "Malta still lacks a comprehensive anti-corruption strategy and appropriate coordination for implementing and monitoring such a strategy in the public sector and in specific areas of law", GRECO commented.

    Malta ranked 45th in its corruption rankings of the world's economies in 2013 according to Transparency International, behind several EU member states, such as the UK and France, and ahead of Italy which was in the 69th place.

    Malta has signed all the relevant Council of Europe conventions on corruption. In 2004, it ratified the Council of Europe's Civil Law Convention on Corruption, which it had originally signed in January 2003.

    OPIC and Other Investment Insurance Programs

    Malta is certified for OPIC investment guarantee schedules. It is also a member of the Multilateral Investment Guarantee Agency (MIGA). The island’s leading trading partners, who include the UK, Germany, France and Italy, offer insurance programmes comparable to OPIC’s that cover investments in Malta.