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 foreigners moving to Malta for a variety of reasons.
In terms of location, Malta is a gem of an island: it is situated in the center of the Mediterranean Sea and is part of an archipelago some 93 km 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. It comes as no surprise then 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 broad 400,000-strong demographic: returned Maltese immigrants, online gaming executives, tax relievers, bankers, hotel and catering staff, retirees from all over the world. and entertainers are just a few.
Some advice for those who chose yes over no would be to (a) plan for the move months in advance and use that time well to obtain the necessary permits, (b) sort your belongings and make a distinction between what you want to take and what 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 easier 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 real property permit as a secondary residence.
EU residents are also entitled to free health services: 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 you a good indication of the incentives you would benefit from: reduced rates of income tax, investment tax credits, VAT schemes and investment allowances. are just a few.
Last but not least, as it is one of the main reasons why people move to Malta in the first place besides the good weather, Malta offers a wide range of leisure activities throughout the year. From sports to culture-related events to nightlife and organizations that deal with it all, Malta has it all and more.