Why Malta is your step into Europe
Whenever individuals from Asian countries are looking for a place in Europe where they could move to, many are not only investigating but making Malta their final choice. This small archipelago of islands in the Mediterranean has a lot of positive qualities which makes it very attractive for those wanting to live amongst its multicultural population. Malta on the surface may for the most look like a living museum, especially when your fist port of call are places like Valletta and the Three Cities or even Gozo, but Malta is a haven for very contemporary living.
Malta has had diplomatic relations with Japan, South Korea and India since 1965 and recent diplomatic visits to China by delegations from Malta will not only see Malta increasing economic exchanges regarding investment, real estate, technology and energy, but also on a cultural level with China according to an article from February 2024 that can be read in full here.
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So, if you are considering moving to Europe from anywhere in Asia, these are the reasons why Malta should your first choice!
1. Strategic Location and Connectivity
An ideal geographic location is one of the biggest strengths that Malta has because it is perfectly located in the Mediterranean region to act as an ideal hub or entry and departure point to the rest of the European continent, North Africa and the Middle East. Malta’s international airport at Luqa has direct daily flights to all major European cities, making it very easy to travel in under two hours to places like Rome, Paris, Berlin, Barcelona, London and many others. For maritime trade, Malta’s Freeport (with financial investment from China when it was built) is one of the busiest in Europe as it is on one of the world’s busiest shipping routes, offers deep natural harbours and well equipped terminals and ports. All of this is also ideal for quick crew changes and safe anchorage and makes Malta ideal for Asian businesses wanting to set up shop in Malta.
2. EU Membership
As a member of the European Union, Malta offers its residents numerous benefits that enhance both quality of life and business opportunities. Residents of Malta enjoy the advantages of free movement across EU member states, allowing for seamless travel, work, and study opportunities within the bloc. Malta’s EU membership also ensures adherence to high standards in areas such as healthcare, education, and consumer protection, providing a secure and stable environment for residents. Additionally, being part of the EU means access to various funding programs, economic initiatives and a robust legal framework that supports business growth and innovation. For residents, this translates into a high standard of living, a strong economy and the ability to engage with a broad and diverse European market.
3. The Wide Use of the English Language
Maltese and English are the two official languages of the country and the majority of the population speaks English fluently. Contracts are also drawn up in English, making is easier for people hailing from the Middle and Far East to do business in Malta. This also means that there are no language barriers to overcome in Malta, unlike many other countries in Europe.
4. A Rich Cultural Heritage
Malta, like the East, has a long and ancient history going back many thousands of years. Being once occupied by the ancient Phoenicians, Romans, Moors, Normans and more recently the French and British, Malta is a melting pot of different cultures. Both the islands of Malta and Gozo have world-famous ancient Neolithic temples, fortresses and other historical sites that receive thousands of visitors a year. Many of them are listed as UNESCO World Heritage Sites such as the capital city Valletta and the Ggantija Archaeological Complex on Gozo, to name only two.
5. A Famous Filming Location
Towns and villages such as Rabat on Gozo and Mdina (also known as the Silent City) are formidable hilltop citadels surround by walls and were featured in many television programmes and hit movies. Every year, production and film crews from around the globe descend on Malta to make use of its stunning locations for the shooting of commercials, documentaries and movies. The Maltese government also offers very attractive incentives to companies who come to film here. Read more about it here.
6. Mediterranean Climate
Malta’s Mediterranean climate sees that it gets more than 300 days of sunshine per annum. The climate is characterised by relatively mild winters and hot summers making Malta ideal for those that love the outdoors. With its picturesque coastline, both islands are ideal for nature lovers, walkers and joggers and especially water sports enthusiasts. With some of the clearest waters in the Mediterranean, swimming, snorkelling, scuba diving, sailing and water skiing are extremely popular during the summer months.
7. Cost of Living
When it comes to the cost of living, Malta is still regarded as offering value for money. It may not be as affordable as Sicily or parts of Spain, but as part of the EU, the cost of living in Malta is generally considered as moderate. Of course, like anywhere else, this can vary significantly depending on one’s lifestyle and preferences. In Malta housing costs are the most substantial expense, with rent prices in popular areas like Sliema and St. Julian’s being relatively high. Groceries and dining out are affordable, with local markets offering cheaper alternatives to supermarkets. Public transportation is inexpensive and utilities, including internet and mobile services, are moderately priced. Overall, Malta is still regarded as being more affordable than many Western European countries.
8. Friendly and Diverse Community
The Maltese are known for their warm hospitality and welcoming nature, rooted in centuries of cultural exchange and have welcomed the increasing growth of foreign expatriates in the country. This multicultural environment guarantees newcomers will have an opportunity to assimilate into social networks and associations of interest, making it easier and richer to integrate. The expatriate community in Malta is vibrant and varied, comprising individuals from all over the world, including a growing number of Asians who have found the island to be a welcoming home. The presence of international schools, cultural associations and community groups further supports this inclusivity, offering numerous opportunities for Asians and their families to connect, integrate, and thrive. This harmonious blend of cultural openness and friendliness makes Malta an ideal destination for those seeking a safe, welcoming, and enriching environment for their families.
9. Healthcare
Malta’s healthcare system is renowned for its high standards and accessibility, offering both public and private healthcare options to residents and expatriates alike. The public healthcare system provides free services at numerous hospitals and health clinics across the island, ensuring comprehensive care from general practitioners to specialised treatments. Notable facilities include Mater Dei Hospital, the largest medical centre, which is well-equipped with modern technology and skilled professionals. In addition to free public healthcare, Malta also has a robust private healthcare sector, with private hospitals and clinics offering a range of services.
For those who prefer or require it, private medical insurance can be utilised to access these facilities, ensuring shorter wait times and additional comfort. This dual system guarantees that everyone in Malta can receive the medical attention they need, whether through public or private means.
10. Education and Schooling
The country has numerous public, private and international schools recognised for providing a high quality education, making it ideal for families with children. The University of Malta is the country’s recognised higher education institution and one of the world’s oldest and its precursor was a Jesuit college that was founded in 1592. State schools are free to residents of Malta.
11. A Robust and Pro Business Economy with Ample Job Opportunities
Malta boasts a robust and pro-business economy with flourishing industries such as manufacturing, shipping and chandler services, aviation, tourism, financial services, i-Gaming, and information technology. For Asian investors, this dynamic economic landscape translates into ample opportunities for career advancement and business growth. The Maltese government actively supports foreign businesses and international investors with a range of incentives designed to make Malta an attractive home for investment. Whether you are looking to establish a new enterprise or expand an existing one, Malta’s thriving sectors and favourable business environment offer a promising platform for success.
12. Real Estate Opportunities and Residency
Malta’s real estate sector offers a wealth of opportunities for Asian investors seeking lucrative and stable real estate investments in Europe. The island’s property market is buoyant, driven by its strong economy, strategic location and growing expatriate population. Investors can choose from a diverse range of properties, including luxurious waterfront apartments, charming historical townhouses and modern villas, all benefiting from the Mediterranean’s desirable climate and stunning views. Malta’s favourable tax regime, which includes benefits such as no inheritance tax, enhances its appeal.
The country’s robust legal framework ensures secure property transactions and government initiatives like the Maltese Exceptional Investor Naturalisation (MEIN) program provide added incentives for foreign investors by offering citizenship or residency in exchange for property investment. Read all about Malta’s residency prorammes here. Additionally, the demand for rental properties is high, fuelled by a steady influx of tourists, students and expatriates, ensuring attractive rental yields. With ongoing infrastructural developments and a stable political environment, Malta stands out as a promising destination for Asian investors looking to diversify their portfolios and capitalize on the growing European real estate market. Foreign investors can also buy property without the need for any permits in areas of special designation. Read more about Special Designated Areas here.
Malta is more than just a picturesque island; it’s a vibrant, accessible, and welcoming destination for people from the Middle and Far East. Its unique blend of history, culture and modern amenities makes it an ideal choice for those looking to move from Asia to Europe. So, when considering your next destination, look beyond the usual suspects and discover what Malta has to offer. Frank Salt Real Estate is your one-stop-shop for everything from residency to real estate. As Malta’s biggest real estate company, we have been assisting people for more than 55 years to call Malta home. Let us do the same for you!
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Frank Salt Real Estate was established in 1969 and has become Malta’s oldest, biggest family-owned and managed real estate company. With branches in both Malta and Gozo, the company specialises in the sale and letting of residential and commercial properties but also offers property management and home interiors services.
With 20 branches and just under 200 professional real estate agents, the company offers the widest selection of properties for sale and to let in Malta and Gozo. Long and short-term letting options cater to the tourism, foreign and local markets. Malta’s leading real estate company also offers dedicated services for Property Management and Home Interiors Consultancy.
