Boasting a wondrous mix of historic cultures, crystal blue waters, and red-hot traditions, Malta has been a hot spot for those looking to make a fresh start abroad. Moving to this mesmerizing island nation is intimidating for Americans looking to make the move. Below is a complete guide to take you through all the key steps and things to consider when deciding to make your new home in Malta.
Why Choose Malta?
Maltese life is unique as it combines modern convenience with old-world charm. Below are a few reasons why people from America are attracted to this island, which is sunny all over.
Climate: With an average of over 300 sunshine days per year and a mild Mediterranean climate, Malta offers plenty of warmth and sunshine to those who love this climatic, frequent, and merciless raid. It is a hot, dry summer and a mild, wet winter, so it is a paradise for the outdoor enthusiast.
Language: One of Malta’s official languages is English, as is Maltese. This sets aside the language barrier for Americans, allowing them to communicate, get into the business of everyday life, and absorb into the local community more efficiently.
Tax Benefits: Malta has several advantageous tax programs. Malta’s beneficial tax system includes the Global Residence Program (GRP), which allows persons to remit foreign income to Malta and enjoy attractive tax rates. For example, this may be very useful for retirees or high-net-worth individuals.
The location: Malta is at a crossroads of Europe, North Africa, and the Middle East so that you will be well placed for travel. It gives globetrotters quick access to major cities like Rome, Paris, and Athens.
Advantages of Malta for Digital Nomads
- Excellent Internet Connectivity: Digital nomads now choose Malta as their prime location because it provides both convenience and connectivity alongside its beautiful landscape. Remote workers who want to relocate should know these main benefits that Malta has to offer.
- Visa Options: Digital nomads find excellent internet connectivity throughout all parts of Malta where they can rely on fast internet speeds. Working professionals have multiple choices between coworking spaces and cafes as productive working areas.
- Strategic Location: The Nomad Residence Permit from Malta enables remote workers to occupy the country while working for a period extending to twelve months, followed by renewal options. The Nomad Residence Permit accepts non-EU nationals including Americans when they fulfill the set financial conditions.
English-Speaking Environment: Households seeking travel convenience can reach all points in the Mediterranean from Malta’s central position due to its neighboring cities across Europe and North Africa and the Middle East.
Malta creates an optimal environment for digital nomads through its friendly setting which continues to draw more remote workers into the country.
Visa and Residency Requirements
Short-Term Visits
As an American, you are not obliged to apply for a visa if you intend to stay in Malta for a maximum of 90 days in 180 days. This provides enough time for you to feel the island, bond with its culture, and determine if it is where you would want to stay.
Residency Permits
You must fill out a residency permit if you plan on staying longer. Here are the main options:
Ordinary Residency
- Suitable for short- and long-term people in Malta for work or any other reason. For people with stable incomes, they have the option to prove they have a job offer or some other means to support themselves financially.
Requirements
- Stable income proof or employment contract.
- Local address registration, typically through a rental or purchase agreement.
- Medical needs are covered with a comprehensive health insurance.
Global Residence Program (GRP)
Tailor made specifically for wealthy individuals with the intent to enjoy Malta’s tax benefits. It has a flat tax rate of 15% on foreign income remitted to Malta.
Requirements:
- For instance, annual property rental or purchase that exceed certain minimum thresholds (such as €8,750 per year or property purchase of €275,000 in some areas).
- Minimum tax contribution of €15,000 annually.
Malta Retirement Program
Retirees who seek Malta’s sunny lifestyle and relaxed style of life. The applicant must provide proof that he is earning his main income from a pension.
Requirements:
- Proof of pension income.
- Rental or purchase of property to a minimum standard.
- Health insurance an adequate amount of.
Healthcare in Malta
The healthcare system of Malta is of high quality and accessible to residents.
Public Healthcare
Malta’s public healthcare system is available to residents with work or residency permits. Although services are either free or low cost, long waiting times can be expected for non-urgent procedures. Taxes fund a public healthcare system that meticulously covers all the essential needs of medical coverage.
Private Healthcare
Private health insurance is the favored option for many expats to be granted faster services and a wider range of specialists. Costs are usually not too expensive compared to the U.S. though, and private hospitals and clinics have a reputation for being of high standard and having shorter waiting times.
Cost of Living
The cost of living in Malta is moderate, depending on one’s lifestyle and the location.
Monthly Budget Estimates
- Housing: €800-€2,500, depending on property type and location.
- Groceries: €250-€400, depending on dietary preferences and shopping habits.
- Dining Out: €15-€50 per meal at mid-range restaurants.
- Transportation: €30-€60 for public transport; €500+ for car rental or ownership.
- Utilities: €100-€200 for electricity, water, and internet.
Tips to Save
- Buy produce from local markets as it is fresh and cost-effective.
- Reduction of travel expenses can be achieved by using public transportation or by the carpool.
- There are plenty of free cultural events and Malta’s nature (beaches, hiking trails, etc.).
Education in Malta
Public Schools
Public schools are free for residents, yet instruction in Maltese is the school’s primary language. English is taught, but expat families may find English more challenging than for older ones.
Private and International Schools
Most private or international schools offer English-language curricula and internationally recognized qualifications, which many expats choose to send their children to. Notable options include:
- Verdala International School: Offers an American-style education focusing on global citizenship.
- QSI International School: A part of the Quality Schools International network of highly demanding academic standards.
- San Andrea School: A popular choice for its balanced approach to academics and extracurricular activities.
Conclusion
American residents who choose to migrate to Malta discover a combination of Mediterranean style and contemporary living comforts when they choose to settle there. The relocation experience in Malta becomes more rewarding through proper planning and full cultural immersion and openness to the local way of life.