Moving to Malta or why move, live and work in Malta?
If you are looking to move to Malta, there are a number of beneficial and attractive reasons to help you with your decision. The people are friendly, the climate is warm, the food is great and it is convenient for travelling from Europe, North Africa and the Middle East.
Malta or the Republic of Malta is located on the southern tip of Europe. It is located just below Sicily, Italy in the heart of the Mediterranean Sea and conveniently just a few hours flight from most major European cities. It is one of the smallest populated countries in the world with a little over of 450,000 residents. The capital of Malta is Valletta and the story behind the name of the city comes from the Order of Saint John times. Dating back to the 16th century, it was called “Humilissima Civitas Valletta — The Most Humble City of Valletta”. In 1980, the city of Valletta was officially recognized as a World Heritage Site by UNESCO.
The Maltese archipelago consists of three islands: Malta, Gozo and Comino. Malta is the largest island and is home to the majority of the population alongside being the commercial hub of the islands. Gozo is the second largest island and is mostly characterized for traditional crafts, agriculture and green fields. A very popular sight is the Azure Window. Comino is the smallest of the islands but is home to the spectacular Blue Lagoon, popular with locals and tourists alike. For those wishing to move to Malta, there is a lot to see.
The weather is an important attraction for those looking to move to Malta offering mild winters and hot summers. The climate begins to warm up in March, reaching a peak in the summer months of July and August and only starts to noticeably cool down in November. The months of January and February are traditionally the rainy season and whilst cooler, it is still relatively warmer than its more Northern neighbours.
Malta has two official languages: Maltese and English. Although Italian is also generally understood and spoken well.
Already considering to move to Malta? Let’s have a look at some factors.
Doing Business in Malta
Malta attracts a significant number of international investors and private corporations owing to the attractive Malta tax system. As a result of this the financial services industry has seen rapid growth in the last ten years, which has seen it become one of the leading financial services centres in the world and is a major contributor of Malta’s GDP. Malta has a skilled and well-educated work force but as the industry is still growing it offers people looking to move to Malta a number of employment possibilities.
Recently Malta has seen significant growth in e-commerce activities and a number of entrepreneurs and corporations are relocating their business affairs to the country. Setting up an online business is a relatively straight forward process and offers a number of favourable tax advantages by basing the business in Malta.
All legislation in Malta is in Maltese and English. All companies in Malta generally can conduct business in Maltese and English. This makes doing business in Malta a relatively easy task.
For those looking to move to Malta, citizens coming from the European Union benefit from freedom of movement making it easy to relocate to Malta. For Non-European persons wishing to move to Malta there are a number of different agreements and residence programme available.
There are a number of Malta Residence programmes available which offer favourable incentives for those wishing to move to Malta. Malta is a popular relocation choice for retired Northern Europeans owing to the favourable climate in the winter months and many take advantage of the Malta Retirement Programme. Other residence programmes of interest focus on returning migrants, highly qualified persons and High Net Worth Individuals (HNWI) to name a few.
The popular Malta Citizenship by Investment Programme attracts high net worth individuals and their families by offering Maltese nationality and thus EU freedom of movement.
Education in Malta
Education is an important element for those looking to move to Malta. The education system is considered to be a milestone in the Maltese society and is of a very good level. As English is an official language of Malta it is taught in all schools alongside Maltese and other languages. Malta has a good standard of government schools but also offers the option of sending children to church and private schools. Malta is becoming not only a hotspot but a mecca for the IT and financial services sector.
Travelling to and from Malta
Malta, part of the European Union, is in the Schengen area which allows for softer passport and immigration controls at their borders from travel within the EU borders. Therefore, travelling to and from Schengen areas do not require passports having to be checked.
Another great benefit for people looking to move to Malta is the visa waiver agreements set up with a number of countries. As an example, Maltese citizens currently are eligible to travel to the United States of America without a visa.
In short some of the top reasons to move to Malta:
• Climate and Sea – sunshine throughout most of the calendar year with long hot summers and mild winters. Diving in the Mediterranean is a melting pot of opportunity for many owing to the many coral reefs and mesmerizing explorations;
• Language – official languages are Maltese and English where almost everyone speaks English fluently;
• Food – An abundance of sea food and a strong influence of Italian and North African cuisine contributing to an interesting gastronomic destination;
• Currency – Since Malta is a member of the EU, the United Nations and the Council of Europe, the official currency is Euro;
• Healthcare – Hospitals are well equipped and well-funded setting a very high standard;
• Tourism – Malta is a very popular tourism destination with millions of visitors every year. Luxury hotels, multilingual skilled staff, excellent high-tech events being held in superb facilities, charming architecture with colourful windows dating back centuries ago and unique cultural monuments;
• Art – Strong artistic heritage which dates from the 16th century. A myriad of museums, palazzo’s and churches on the Maltese islands offering a cultural delight and historical journey.