Malta joined the European Union on 1st May 2004 together with Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia in the largest EU enlargement to date. The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a total population of about 447 million Containing in 2020 some 5.8% of the world population,[note 1] the EU in 2017 had generated a nominal gross domestic product of around US$20 trillion, constituting approximately 25% of global nominal GDP
EU policies aim to ensure the free movement of people, goods, services and capital within the internal market, enact legislation in justice and home affairs and maintain common policies on trade, agriculture, fisheries and regional development. For travel within the Schengen Area, passport controls have been abolished. A monetary union was established in 1999, coming into full force in 2002, and is composed of 19 EU member states which use the euro currency.
Additionally, all EU countries have a very high Human Development Index, according to the United Nations Development Programme. In 2012, the EU was awarded the Nobel Peace Prize. Through the Common Foreign and Security Policy, the EU has developed a role in external relations and defence. The union maintains permanent diplomatic missions throughout the world and represents itself at the United Nations, the World Trade Organization, the G7 and the G20.
- Unemployment of2 per cent is on the lowest in the world due to its strong economic results
- Freedom of movement within the member states without the need for visas
- Freedom of employment enabling its citizens to move from country to country changing jobs as they please
- Freedom of business and capital to an EU member state as though you are a local
- Euro in 19 countries meaning, less instability as a result of currency fluctuations
- Centre for justice, democracy and rule of law allowing for peace of mind for its citizens
- No tariffs enabling free trade for import and export within the community which make them cheaper than the non-EU companies
- The European Union has become a superpower on the world stage something top companies should want to be a part of.
If you are interested in joining kindly speak to the agent of your choice who can recommend a lawyer to get you started.