Ancient nation, modern outlook

Bob Bauman says Malta is an ancient nation but one with a thoroughly modern outlook:

In recent years, the Maltese government has actively courted foreign capital with an attractive program of incentives aimed at investors and entrepreneurs. It includes generous tax incentives and inducements such as soft loans, training grants, and customized facilities at subsidized costs. This pro-business policy seeks to build on Malta’s many existing strengths: favorable trade relations with countries around the world; a strategic location on world shipping lanes; a high quality, productive, English-speaking workforce; an excellent climate and quality of life; and modern health care and educational systems.

The Maltese government has enacted legislation to increase the islands’ role as a leader in international finance services. These provide a variety of tax and financial incentives to banks, insurance companies, fund management firms, trading companies, trusts, and investment companies. These laws have been amended to confirm to the anti-tax haven requirements of the EU that Malta joined in 2004...