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The Advantages of Living in Malta
Malta has proven to be one of the most sought-after destinations in the EU for individuals pursuing a balanced combination of professional advancement and an elevated standard of living. With its resilient economy, advantageous tax framework and high-calibre healthcare system, Malta offers significant advantages not only to its citizens but also to expatriates, investors and remote workers seeking stability, financial benefits and access to international markets. Its strategic location, English-speaking environment and high quality of life further enhance its appeal to those considering relocation from abroad. We take a look at some of the perks that come with living in Malta.
A strategic location that enhances business opportunities
Malta’s geographic position offers unparalleled access to a diverse range of markets. This strategic location has been instrumental in establishing Malta as a hub for international business and trade, providing residents with unique opportunities for professional growth and networking. The country is home to a number of free trade agreements and operates within the EU single market, offering businesses seamless access to over 450 million consumers. Additionally, Malta International Airport offers extensive flight connections to major European business hubs, further facilitating international commerce. The presence of global financial institutions and multinational companies highlights Malta’s strategic importance as a business-friendly destination.
Favourable tax regime benefits residents and investors
Malta’s taxation system is designed to attract both individuals and corporations. Notably, there are no annual property taxes, council taxes, or inheritance taxes, which significantly reduce the financial burden on residents. Additionally, the Global Residence Programme, one of several, offers a flat tax rate of 15% on foreign income remitted to Malta, making it particularly appealing to expatriates and investors.
For businesses, Malta’s corporate tax system is structured to encourage foreign direct investment. While the standard corporate tax rate stands at 35%, a full-imputation system and tax refund mechanisms allow effective tax rates to be as low as 5% for international businesses. These fiscal incentives, combined with Malta’s extensive network of double taxation treaties, create a competitive advantage for both individuals and enterprises.
Robust economic growth fuels job market
The Maltese economy has demonstrated resilience and consistent growth, driven by sectors such as finance, technology, gaming and tourism. This economic vitality translates into a dynamic job market with ample opportunities for skilled professionals. The government’s pro-business policies further enhance the appeal for entrepreneurs and investors looking to establish a presence in the region.
In 2023, Malta’s GDP grew by approximately 4.3%, outperforming many other EU economies. The country has one of the lowest unemployment rates in Europe, hovering around 3%, reflecting a strong demand for labour across various industries. Sectors such as blockchain technology, artificial intelligence and i-Gaming continue to expand, offering diverse career prospects for both local and international talent.
High-quality healthcare system ensures well-being
Malta boasts a healthcare system that ranks among the best globally. In 2023, the country scored 80.5 points on the Health Index, securing the 19th position worldwide. Residents have access to comprehensive public healthcare services and private healthcare options are both affordable and of high quality. This robust healthcare infrastructure contributes to Malta’s high life expectancy and ensures the well-being of its residents.
The government provides free healthcare to all citizens and residents through a well-established public system, while private healthcare facilities offer shorter waiting times and access to specialist treatments. Malta’s affiliation with international health networks, such as the UK’s NHS reciprocal agreement, further enhances the accessibility of medical care for expatriates.
Affordable cost of living enhances quality of life
Compared to many Western and Northern European countries, Malta offers a relatively low cost of living. Consumer prices are about 20% lower than in the United States and housing, utilities and transportation costs are notably affordable. This economic advantage allows residents to enjoy a high standard of living without incurring excessive expenses.
Rental costs vary depending on location, with one-bedroom apartments in central areas such as Sliema and St. Julian’s averaging €1,200 per month, while more suburban locations offer housing at significantly lower rates. Everyday expenses, such as dining out and groceries, remain competitive compared to other EU countries.
English as an official language facilitates integration
English, alongside Maltese, is an official language in Malta. This linguistic accessibility simplifies daily interactions, business communications and integration for expatriates. The widespread use of English in education and government services further enhances the ease of settling into Maltese society.
International schools following British, American and IB curricula cater to expatriate families, ensuring high educational standards. The prevalence of English-speaking professionals in industries such as law, finance and healthcare adds to Malta’s appeal for foreign nationals.
Pleasant climate promotes outdoor activities
With over 300 sunny days annually, Malta’s Mediterranean climate is conducive to an active and outdoor lifestyle. Mild winters and warm summers provide the perfect backdrop for activities such as sailing, hiking and exploring the island’s scenic landscapes. This favourable climate contributes to the overall well-being and satisfaction of residents.
The island’s extensive coastline offers numerous opportunities for diving, water sports and beach activities. Malta also boasts multiple nature reserves and walking trails, providing residents with a variety of options for relaxation and recreation.
Rich cultural heritage offers diverse experiences
Malta’s extensive history, spanning over 7,000 years, is reflected in its numerous historical landmarks and cultural sites. From the UNESCO-listed Megalithic Temples to medieval cities like Mdina, residents have the opportunity to immerse themselves in a variety of cultural experiences. The island’s vibrant festivals, traditional cuisine and artistic events further enrich the living experience.
Annual events such as the Malta International Arts Festival, Notte Bianca and Carnival showcase the country’s artistic and cultural diversity. Additionally, Malta’s Mediterranean cuisine, heavily influenced by Italian, North African and British culinary traditions, offers a unique gastronomic experience for residents.
Safe and stable environment ensures peace of mind
Malta is recognised as one of the safest countries globally, with a low incidence of violent crime and a stable political environment. This safety and stability provide residents with peace of mind, making it an ideal location for families, retirees and professionals alike.
According to Numbeo’s 2024 Crime Index, Malta ranks among the safest countries in Europe, with low crime rates and a strong sense of community security. Political stability, reinforced by Malta’s EU membership, further enhances the country’s reliability as a destination for relocation.
Efficient public transportation enhances mobility
Malta’s compact size ensures that most destinations are within easy reach. The public transportation system is reliable and affordable, with a monthly bus pass costing €39. This efficiency in mobility adds to the convenience of living on the island, allowing residents to navigate daily life with ease.
Recent investments in infrastructure, including the expansion of ride-sharing services and electric scooter networks, provide additional transport options. While traffic congestion remains a challenge, the government is actively promoting sustainable transport solutions to improve accessibility.
Diverse expatriate community fosters inclusivity
Approximately 22% of Malta’s population comprises expatriates, creating a diverse and inclusive community. This multicultural environment fosters social integration and provides residents with a global network of connections. The presence of international schools and cultural organisations further supports the needs of the expatriate community.
Networking groups, business chambers and expat associations offer newcomers opportunities to connect with like-minded professionals and social circles. The welcoming nature of Maltese society facilitates seamless cultural adaptation for foreigners.
Lastly
Malta is a compelling choice for individuals seeking a balanced and enriching living experience and if you are in the market for renting, buying or even selling a home, make use of our more than 55 years of experience in getting the best deal!
