Moving to the exotic island of Malta
If you are looking for a long-term living experience on a beautiful island where it is practically summer all year round, then you might consider moving to Malta. And he would not be the only one who would like to do that, in recent years; the island has seen a large influx of expats moving to Malta for a variety of reasons.
In terms of location, Malta is a jewel of an island: it is situated in the center of the Mediterranean Sea and is part of an archipelago some 93km south of Sicily.
What makes it even more accessible is the excellent intercontinental relationship it has with North Africa, Asia and the rest of the European Continent. So it is no surprise that Malta has a very favorable business climate and an irreplaceable workforce that earns it a lot of respect compared to other countries.
Overall, though, what gives Malta its unique character are the tribes and people groups that make up its vast demographic of 400,000 people: returned Maltese immigrants, online gaming executives, tax mitigators, bankers, hotel and catering staff, retirees from all over the world. and entertainers are just a few.
Some tips for those who chose yes over no would be to (a) prepare for the move months in advance and use that time well to obtain the necessary permits, (b) sort through your belongings and distinguish between those you want to take and those you want leave behind, and (c) choose a handful of companies they can trust to help them along the way.
The most decisive factor in the moving experience is how easy it really is to go through the relocation formalities, and in Malta, this task is made easy by the Maltese legal system.
In Malta, it is possible to rent property as well as find a job or alternatively study at the University of Malta. Then one can move on to more lasting things like getting a loan from a bank, getting a driver’s license and buying property.
Citizens of the European Union who have not resided in Malta for a minimum of 5 years will need to obtain a property permit as a secondary residence.
EU residents are also entitled to free health services – a travel insurance will cover that, as well as civil liability.
For those wishing to set up business in Malta, the Business Promotion Act will give them a good indication of the incentives they would benefit from: reduced income tax rates, investment tax credits, VAT schemes and investment allowances. are just some.
Last but not least, as it is one of the main reasons people move to Malta in the first place other than the good weather, Malta offers a wide range of leisure activities throughout the year. From sports to cultural events to nightlife and organizations that cater to it all, Malta has it all and more.
