Malta is a Mediterranean country that is composed of three islands: Malta, Gozo, and Comino. According to International Living’s report, Malta has the best climate in the world that offers a mild winter and sunny summers. There are many reasons for a person to want to become an economic citizen of Malta. However, Malta is an EU country, and EU citizenship might not be desirable for every investor. Therefore, investors may also aim to become a resident, but not a citizen. Maltese government offers several options to that end.
Currently, Malta offers up several resident schemes, including the Malta Ordinary Residence Scheme (only available to EU and EEA nationals), the High Net Worth Individuals Rules, the Malta Retirement Program, the Qualifying Employment in Innovation and Creativity Rules, and the Highly Qualified Persons Rules. Looking to create even more economic growth, Malta recently introduced yet another residency program — the Global Resident Program — and it is the most accessible program the country has presented to date.
Malta Offers Natural Beauty, High Quality of Life, and Charming History
Malta is a small island nation that is very popular among people who are looking for a new residency. The island state has numerous attractions that lure new residents from all over the world. People from Northern Europe and Britain take the chance to enjoy their retirement in Malta and reside in this beautiful Mediterranean country. Malta is especially popular among British citizens because of the comparatively cheap cost of living and the country’s historical links to the UK.
Expatriate employees and overseas students moving to Malta for professional or academic reasons fall in love with its natural beauty, high quality of life, and charming history. The country also offers numerous tax benefits which are particularly profitable for wealthy investors who want to protect their income and assets.
A Hot Spot in the Mediterranean
Malta is an island state that joined the European Union in 2004, three years before Bulgaria and Romania, which means that Malta is not the newest EU member anymore. Yet, with its 316 km² of official territory, it is still the smallest. With quite mild winters and hot summers, the Mediterranean climate of the island makes it also the hottest EU member.
Although problems of aridity might pose a challenge in the future for the Malta population, it is not a big deal for tourists or people who like summers. Still, virtually no rain in July and August and no snowfall for the last fifty years sound quite charming for people who like to reside in a hot spot like Malta.
Malta is located in the middle of the Mediterranean between Italy and the North African coast. From a strictly geological point of view, Malta is indeed part of Africa: the islands do not belong to the European continent, but to the African shelf. This amazing location which allows Malta to be connected to 2 continents through marine transportation and also separates the country from both continents makes the country a safe zone, which, in history, proved its worth countless times.
Rich and Diverse History
Phoenicians and Romans, Byzantines and Arabs — all of them decided to settle the island during its eventful history. After the end of Arab rule, it was probably the Knights of St. John, a religious military order founded during the Crusades, as well as the British Empire, that had the biggest influence on Malta. The reason for moving to Malta was to secure the island as a bastion against Ottoman expansion or as a convenient naval base, respectively. Thus the “Maltese” knights and the colonial administration left their mark on modern Malta, its cityscapes, and languages.
Malta has an old native language called the Maltese. It is derived from medieval Sicilian-Arabic and peppered with Italian as well as English loan words. English is the second official language and it is widely spoken in Malta. As many as two-thirds of all residents in Malta are fluent in Italian too, and there are plenty of English and Italian media. So, if the potential resident is fluent in one of these languages, there is no need to worry about communication in Malta.
Population as Diverse as its History
Today, according to the 2014 estimates, the country’s population is around 445,500. This number includes the foreign residents moving to Malta for various reasons. Indeed, considering the country’s low birth rate, much of its demographic growth stems from migration.
The Maltese population, especially the youth, usually chooses to pursue their careers abroad, especially in North America, the UK, or the Benelux states, to come back when they are retired. However, people from other countries keep migrating into Malta. In 2011, 4.8% of the population was made up of immigrants who arrived in Malta over the last couple of years. Most foreign-born residents are probably Brits. There are sizable groups of immigrants from the Maghreb and sub-Saharan Africa as well; the rest of the foreign community consists of various expats, mostly from European states like Germany, Italy, or Greece.