Editor’s note: “Retired in Malta” is part of the ongoing series when retiring abroad. To see all the articles of the series, jump By the end of this article.
For those who seek a happy retirement abroad, consider a distance of 122 square miles, which includes the nation of Malta. It is located in the Mediterranean, to the south of the very large island of Sicily. Malta shares the same humid climate, and is at a distance of one hour and 45 minutes, through the Perry, from the southern port of Sicily.
Malta is an archipelago, in which only three largest islands are situated in: Malta, which is the home of the country’s capital Valeta; Gojo, who is more rural, with natural beauty, fine beaches and subtropical fjords, which recall the calon of the south of France; And Camino, which has only two permanent residents and attracts day trips to its stunning blue lagoon, which is great for snorkeling and swimming.
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Since there are only 542,000 residents in Malta and to choose only two islands, potentially retired people can do a small job of finding space to settle. Of course, the vast majority will choose the option of the main island, either the culturally rich historic city of Valeta; Or Sleema, brother -in -law in the Gulf at the modern resort of Valeta. The ghat from one to the other leaves every 30 minutes, and the crossing takes about 10 minutes.
Retired people from America can rest in the fact that expats makeup one fifth The population of Malta, and that the country claims an advanced, service-oriented economy that is not only stable, but grows. Mathew Kaiser, a lawyer located in Sleema, has focused a complete focus on Malta’s residence and citizenship programs for the last eight years. He faces Malta’s low crime rate: “We are a small country, and are covered by CCTV everywhere.”
Retired in Malta for a coastal lifestyle
(Image Credit: Getty Pictures)
You do not have to love water to be happy in Malta, but it definitely helps. Its sandy beaches and rocky coves give way to some clear, quiet and most beloved turquoise water found anywhere in the world. And along the narrow climate boundary of the country – in the winter with some rainfall in the 50s and 60s, during the dry summer in the 80s, you can swim for about eight months of the year, from April to November.
The top floating spots include the moon of the covs that create the pool of St. Peter on the main island; Gozo’s Mġarr IX-Xini, FJORD serves as a grand shoot place for the film by the seaBrad Pit and Angelina Jolie starring; And the red sand of Ramla Beach, also in Gozo.
Unfortunately, some beaches on the island of Komino have grown by tourists. However, focusing on the recent limitations and conservation on the number of visitors is improving the experience of the beach.
Sleema uses Malta’s coastal geography the most, with Riviera vibe, seafront hotels and cafes and vibrant waterfronts. It is the most dense and precious part of Malta. Sudby’s In listing, low-end, one- and two-bedroom Condos costs 600,000 to 700,000 euros, a grand habitat for one million euros, or more.
The twenty -five -minute drive on the south leads you to the beautiful fishing village of Marsxalok, in which its character is called Luzu with colorful boats. With only 3,500 people, Marsaxlokk is a type of place, where you are more likely than a smooth condo than purchasing an apartment (about $ 1,000 euro per month depending on the number of bedrooms). But visual and harborcide cafes are made.
He leaves the valet, the main phenomenon, where a-bedroom mason (means that a private road entrance) can set you back 400,000 or 500,000 euros back; The cost of two-bedroom is less than one million; And Palazos and Townhouses fall into the at least-to-Milion-Euro range. Valeta, which is full of bar and restaurant, provides a traditional “European” experience – with its 16Wan-Sentary architecture, pedestrian lanes, public square and historic church facilitates their own taste, with its specific enclosed balconies that expand on narrow pavements, and have a mixture of its Latinet and Arabic cultural signals. (Maltese is a semritic language, but English is widely spoken in the country.) If dynamics are an issue, note that the valet has many wide but steep exterior stairs.
Visa and Money Matters
(Image Credit: Drew Limski)
To avoid confusion, Kaiser does not use the word “Golden Visa”. He says that high-pure people and families usually opt for citizenship program, which reaches a million euros in total based on family size. In addition to the initial fee, the final government “contribute” from 600,000 euros (for those who reside in Malta for three years) from 750,000 euros (for those with one year of residence).
Caesar says that the veating process for citizenship is strictly: “The government agency wants to know how much the person is, and how this money was made. The source of money has been emphasized a lot.” He says that refuel water runs up to about 31%. (He remembers an American applicant, priced at around 30 million dollars, but he only provided financial document to 20 pages. He was rejected.)
In contrast, the Residency program (also known as MPRP), which takes about 12 months in the process, will cost only about four families of 150,000 euros. The figure has come through 50,000 Euro administrative fees (plus 10,000 euro per dependent), renting an assets for a minimum of 14,000 euros per year, and is contributing 60,000 Euro government for renting. When purchasing a property, the value of the house should be 350,000 euros, although the contribution becomes 30,000 euros. Potential residents also have to meet income and capital property requirements. Health insurance is required for new MPRP residents, but it is very appropriate, which starts at about 400 euros per year.
The relative value between the two is considerable: “While in the citizenship program, you get a passport and you become a citizen of an European Union,” he says, “In terms of residence, you get a residency card, and you have the right to live in Malta.” However, a visa-free journey for a resident within 29 Schengen countries is limited to 90 out of 180 days. There is no such restriction in citizenship.
Regarding taxation, migrants working in Malta pay up to 15% individual income tax rates up to 5 million euros. However, any income outside Malta, including capital gains, dividends and interest, is completely tax-free.
Living in Malta: Takeaway
Malta is a beautiful, beautiful, beautiful country of beautiful juice. Looking at Malta on a map, the country seems remote, yet you can fly directly from the Waleta to Rome or Athens in 95 minutes. It is homespoon, friendly and reliable: for example, if you are visiting Gozo without a car, you may probably meet a driver in dinner who will take you to the beach the next day, and pick you up after a few hours.
The iconic position of Malta as a sunny tourist destination – as well as its complicated mix of cultures – creates for a stimulating and vibrant environment. Although the cost of life is relatively high (unless you do not move from a major American city), most of the things are easy in Malta, residence and citizenship options are available as other desirable Mediterranean countries are eliminating.
If you want to retire near a large city, it is best to find a place on European mainland. Although Valeta and Sleema are populated by Maltese standards, they cannot compare at the metros such as Athens, Rome, or very low, London or Paris.
The social environment of the country is a curiosity. The Malta Catholic displays both the conservative and “live-and-alt-live” strains. It was not until 2021 that Malta rested her hard restrictions on divorce (Malta was one of the world’s last countries to legalize divorce). In addition, by 2023, abortion was completely banned; Even today, the only legal exception to prohibition is to save the mother’s life.
Eagerly, at the same time, Malta has long been a world leader in LGBTQ rights, with extremely progressive security for this community. Cassar notes that interested in residence and citizenship from transgender individuals and their families have increased due to uncertainty and enmity from the Trump administration.
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