The Republic of Malta is considered one of the smallest European countries and is situated in the Mediterranean Sea, south of Sicily, Italy. Three islands make up this small archipelago, namely Gozo, Comino, and the largest, Malta – the reason behind the country’s name. In 2020, its population was at 515,000, and it qualified as one of the most densely populated and business-minded countries globally, considering its coverage area of only 316km².
The island state may be small in size, but it has a lot of hidden gems to offer, thanks to the diversified composition of its ecosystem. As water surrounds the island and is home to hundreds of caves, reefs, & ancient wrecks, the world considers it the best diving location. Tourism is undeniably abundant not just because of these adventures but also because of the complementing weather. The hottest temperature in the country is 27°C (81°F) for the month of July, while the coldest only falls to 13°C (55°F) in January. From having a picturesque coastline to an innumerable variety of species, especially its marine life biosystem, all these factors contribute to Malta’s reputation as a popular tourist attraction.
Perhaps not everyone is familiar with Malta, even those who do; what has been mentioned above is only the tip of the iceberg about the country. Whether you have already heard about this promising island state or have paid a visit before, there is still more that you may not know.
Businesses in Malta
Aside from the adventures and amusements, the Republic of Malta is also built for doing businesses that are not only limited to the hospitality and tourism industries. Its fully-developed open market economy attracted different investors who have been drastically contributing to the economic stability of the island state. They take advantage of the state’s low corporate tax and well-developed finance and information & communication technology. The presence of different industries helps stabilize the country’s economy by complementing one another’s business activities and Malta’s natural resources. Certain sectors dominate in terms of the number of related businesses present in the country, one of which is electronics. Independent distributors of electronic components like BD Electronics Ltd are abundant and very evident; however, this does not devalue the companies of other sectors.
Malta also possesses the characteristics of an ideal port and aviation infrastructure and is essential for maintaining a business’s activity that concerns freight, shipping, and warehousing services to and from the island. For this reason, cargo logistics agents in Malta have been increasing and continuously developing their services. FreightZone is a leading freight service provider on the island, established in 2000 but originally started its operations in 1989. The company provides seamless shipping and logistics solutions for different market sectors. Whether import or export requirements are either by land, sea, or air, FreightZone Malta is committed to handling its entrusted shipments effectively and on time.
As a result of the presence of these prominent businesses, the country gained different economic recognition from organizations making Malta a top choice not just by tourists but also by investors. A few of these achievements are as follows: a “High-income Country” by World Bank, an “Innovation-driven economy” by the World Economic Forum, and an “Advanced Economy” by the International Monetary Fund.
We will dive deeper into the economic side of the country by discovering businesses that keep goods and services flowing smoothly.
Global Availability of Malta-based Electronic Components
Businesses like FreightZone greatly benefit from the island’s geographical location, situated in the middle of the Mediterranean Sea. One reason is that Malta serves as a crossroad for Europe, the Middle East, and North Africa, creating more import and export opportunities that enable a dynamic performance of its business activities.
Despite the benefits that Malta’s geographical position gives, there are also drawbacks, which are crucial for supporting a business cycle. For example, independent distributors of electronic components like BD Electronics require a distribution channel capable of transporting their goods with the utmost care, speed, and quality of service. This is fundamental in the electronic industry as most gadgets and components are sensitive and highly prone to damage.
As the demand for electronic components such as discrete semiconductors and integrated circuits increases, electronic companies are doing their best to make their products & services available worldwide. This opens an opportunity for the best cargo logistics in Malta to build long-term business relations with independent distributors of electronic components. Electronic companies’ main priority is customer satisfaction, so they recognize potential freight, shipping, and warehousing partners according to their reliability and speed of service. Through years of doing business, the cargo and logistical services offered by FreightZone have been meeting the standards and demands of not just the individual market but also the different sectors of the corporate world.
There are far more contributors to Malta’s economic stability. The country’s diversity pertains to its flora & fauna and the human population composed of its citizens, tourists, and investors attracted to the fully developed open market economy. Investors and traders from various business sectors continuously come to Malta, resulting in many foreign entrepreneurs on the island. It is astonishing how this island state is small yet has infinite resources, making it a top choice for investors and traders. This is an opportunity to augment the value and importance of the best cargo logistics in Malta for freight, shipping, and warehousing services, especially when working with independent distributors for electronic components.
If you have specific electronic component requirements and are looking for the best cargo logistics in Malta, you may contact us on these channels to further discuss:
Tel: +356 7711 5063