Malta is the quintessence of sunny skies and breezy seas and with more than three hundred days of sunshine a year, it’s no wonder that expats from all over the world are attracted to the island. Besides the weather however, Malta has lots more to offer, especially for South African who are looking to relocate to a similar climate.
No language barrier
Malta has two official languages, one of which is English thus making it easier for Saffas and English-speaking foreigners to integrate with the local community, conduct business and generally get things done.
Perfect geographical location
Malta is right in the middle of the Mediterranean Sea, which gives the island a unique geographical advantage of being close to mainland Europe but also a stone’s throw away from North Africa.
Safe with a booming economy
Perhaps most importantly for those looking to relocate to Malta for peace of mind, the island is one of the safest in the world and its economy is booming, it is part of the EU and Schengen area, and between 2014 and 2016 Malta was the fastest growing economy in the EU (4.5% pa). Today it has a record-low unemployment rate and Malta’s tax system is intended to appeal to high net worth individuals, offering a flat tax of 15% for qualified people earning between €85,000 and €5 million a year. The island’s economic growth remains on the fast track and is expected to be highest in EU over next two years (European Commission’s Autumn 2019 economic forecast).
According to a 2017 European Observatory report, Maltese life expectancy is exceptionally high, and the Maltese spend on average close to 90% of their life in good health – this is longer than in any other EU country. Malta’s main hospital, Mater Dei, is one of the largest medical buildings in Europe. In addition, there are eight other state-run health centres across the islands as well as an increasing number of private healthcare clinics and hospitals.
Property in Malta is a wise investment
There are many beautiful properties for sale in Malta and the demand for them is also very high. Whilst property prices are always on the increase and rental yields as well, real estate investments in Malta have always been, and remain extremely secure.
The Maltese are known for their hospitability
Depending on which part of the world you come from, the jurisdiction offers a wide range of visas, residence permits and Malta Residency Programmes to suit the needs of a broad spectrum of people.
Click here for more info on Malta Residence Programmes available to South Africans.