Of all ages and social categories, many people come to live in Malta for a shorter or longer period of time. But why do these people choose to settle and live in Malta? My Little Malta has some ideas!
While the sunshine and mild winters make this country a good choice, there are many other advantages offered by the popular archipelago of Malta.
1. Moving to Malta for a better quality of life
The climate
We know that the sun is a good mood factor, so what better way to enjoy its favorable climate than to come and live in Malta?
The average temperature in winter is around 15° C, the mercury can quite easily exceed 30°C in the middle of summer. As for the water temperature, on average 20°C, it exceeds 27°C in summer.
Housing
Being very popular, Sliema, Saint Julian’s and Valletta are the cities where the cost of living is the most expensive compared to the rest of the archipelago. However, it is still quite affordable compared to the big cities in Europe.
Moreover, by moving away from the center, it is quite possible to settle in a beautiful modern apartment with garden at a very reasonable price.
To live in a one-bedroom apartment in the city center, you need to spend an average of 550 euros compared to 372 euros if you choose to move away from the city.
For the acquisition of a property, count approximately 2356 euros per square meter in the city center against 1483 in the more remote cities.
The food
As for food, it is easy to spend reasonably, it will depend on your buying habits. To spend less without depriving yourself, it is best to favor local products and supermarkets. Smaller grocery stores are generally more expensive.
Shopping
As far as shopping is concerned, you won’t be surprised since prices are similar to those in Europe.
For a wide range of free or paid activities, you can read a complete article on our site here.
To discover all the facets of Malta, you can find many excursions, visits and activities in Malta and Gozo: history and culture, leisure, sports and adventure. Read more here.
The health
If you decide to move to Malta, don’t worry about the health care system. Indeed, the archipelago has been recognized by the World Health Organization for the quality of its medical care.
The prices here remain reasonable, you should count about 15 euros for a routine visit to the doctor and about 40 euros for a visit to the dentist.
Education
For education, if you opt for a private school, expect to pay quite a bit. Tuition fees can easily exceed
5,000 euros, depending on the school and level. On the other hand, there are obviously very good public schools.
2. Settling and living in Malta for your retirement
Many people end up fleeing the greyness of the Nordic countries to spend their retirement in the sun. This is particularly true for the English, Germans and Swedes. They are particularly fond of the island of Gozo where they usually live in farmhouses. These old renovated farmhouses generally offer a pleasant comfort. What better way to live well in retirement?
On the tax side, since 2012 there is a program for pensioners from the EU, EEA and Switzerland living in Malta. Members of this program are taxed at 15% on all income not arising from but received in Malta. This advantageous tax is applied on condition that you have a minimum tax of 7500 euros per year plus 500 euros per dependent. Certain conditions are required to obtain this program and the membership fee is 2500 euros. Source : Malte Conseils
3. Settling and living in Malta for an internship
Every year, many students come to live in Malta for several months in order to do an internship. When you want to practice or improve your English, Malta is the right place to go. The cost of living is less expensive than in England, the United States or Canada. In addition, Malta is a member of the EU. No need to obtain a visa, which is not negligible considering the cost of visas for North America.
4. Settling and living in Malta as a freelancer
In Malta, the income tax rate is much lower than in other European countries. For information, the income tax rate varies between 15% and 35% in Malta, compared with 14% and 45% in France, for example. This low tax rate is particularly applicable for self-employed persons living in Malta with a Freelance status. All this is possible thanks to the double taxation agreements that Malta has signed with 67 countries. You can therefore choose to be taxed in Malta even if your income is generated elsewhere.
5. Moving to Malta to start a business or work in e-gaming
The online gaming sector is the most dynamic sector on the island, and also the fastest growing.
In view of this expansion, an authority was created to regulate all forms of gambling on the island, including remote gambling. Since 2004, Malta has been the first country in the EU to regulate the online gaming sector. Here, any person wishing to practice in this field must be licensed by the LGA. This online gaming license is valid for a period of 5 years. It can be renewed subject to the payment of the renewal fee, which is 1165 euros to date. A license already acquired may be suspended, revoked or even cancelled for legal reasons. Obtaining this license grants advantages such as a low tax rate.
Moving to Malta and living there is a great idea! No matter why you want to do it, Malta is an open and beneficial territory for everyone.
