- Who typically relocates to Malta?
Many expats, including workers, retirees, and business people, relocate to Malta each year. The country’s popularity is due to its idyllic destination with excellent weather, a dynamic business hub, and an easy-going lifestyle. Whether you’re considering Malta after falling in love with it on holiday or exploring options, Frank Salt Real Estate can be your gateway to settling in the country. They can provide answers to your questions, offer homes and commercial premises for sale or rent, and assist with understanding the government’s residency programs.
- How far is Malta from the rest of Europe, and what is the climate like?
Malta is a premier travel hub to Europe, North Africa, and the Middle East. It has a warm, sunny climate with some of the best average temperatures in the EU. All major EU destinations are just a two-hour flight away, and direct flights are available to cities like Paris, London, Frankfurt, Madrid, and Lisbon, taking around two and a half hours on average.
- Is there a language barrier in Malta?
No, more than 80% of the population speaks English in addition to Maltese. English is widely used in business, making it easy for English speakers to feel at home in Malta.
- What is the quality of healthcare in Malta?
Malta’s healthcare system is highly regarded, ranking 5th globally according to the World Health Organization. State healthcare is free for those who work and contribute to social security. Many people also opt for private health insurance, which is affordable in Malta.
- How is the education system in Malta?
Malta’s primary education is of high quality and follows the UK model. Public schools are free for resident children, but there are also church and private schools available. Additionally, Malta hosts over 40 English language teaching schools, attracting youngsters from around the world to master the language.
- What job opportunities are available in Malta?
Malta offers various job opportunities, and its workforce is highly educated and English-speaking. It is known for sectors such as IT, i-Gaming, banking, financial services, pharmaceuticals, shipping, automotive, aviation, and more. Additionally, Malta recently introduced the Digital Nomad Visa, attracting remote workers from across the globe.
- How is doing business in Malta?
Malta provides numerous opportunities for international companies to set up businesses on its shores. It offers borderless access to the rest of the EU, open trade, and a unified currency (Euro). Companies established in Malta enjoy easy trade with other EU countries due to the stringent measures they undergo to comply with EU regulations.
- What is the tax system like in Malta?
Malta’s tax system is designed to attract global investment and innovators. Corporate tax is generally 35%, but numerous refund schemes can significantly reduce the effective tax rate to as low as 5%. Malta also has over 70 double taxation treaties with other countries, preventing double taxation on the same income.
- How is the banking system in Malta?
Malta has one of the world’s best-rated banking systems with strict anti-money laundering measures. This makes Maltese banks highly reputable and trustworthy for international trade and business.
- What are the steps involved in buying a property in Malta?
Buying real estate in Malta is a straightforward and safe process. It involves signing a Promise of Sale, conducting due diligence checks, applying for permits (if necessary), and signing the Contract of Sale or Deed of Sale. Costs include stamp duty, notarial fees, search and registration fees, and an AIP Permit (if required).
- Is it advisable to rent a home first?
Yes, many people prefer to rent first to explore the area and lifestyle before committing to a purchase. Renting allows for flexibility and finding the perfect fit. Frank Salt Real Estate’s Rentals Division can assist in finding the right rental property.
- Tell me about the i-Gaming Industry in Malta.
Malta is a top destination for i-Gaming companies in Europe, with over 250 companies operating on the islands. The sector’s value is projected to rise significantly in the coming years.
- What are the benefits for international companies operating from Malta?
Operating from Malta offers numerous advantages, including a comprehensive regulatory framework, watertight jurisdiction for the EU, incentives like beneficial tax rates and low license fees, access to the EU market, a highly skilled workforce, and a reputation as a market leader in hosting i-Gaming companies.
Living in Malta offers expats a blend of warm weather, a vibrant business environment, excellent healthcare, and a thriving expat community. The country’s English-speaking population and business-friendly atmosphere make it an attractive destination for people from various backgrounds and professions. Whether you are considering moving to Malta for work, retirement, or investment purposes, the country has much to offer and can be an excellent place to call home.
For more information contact MaltaLifestyle.com on WhatsApp (+27) 82 574 4661 or email malta@maltaifestyle.com.