Malta is located in the central Mediterranean, between Italy and North Africa. It is an archipelago made up of the islands of Malta, Gozo, Comino, Comminotto and Filfia. It has a population of approximately 425,000. The capital is Valetta and the local time zone is Central European Time. Its official languages are Maltese and English. Malta is a member of the European Union and uses the Euro as its currency. The official body responsible for Malta company formation and maintaining records on Maltese companies is the Registry of Companies at the Malta Financial Services Authority.