Embarking on the journey of relocating to Malta opens the door to a Mediterranean paradise, where rich history, a vibrant culture, and a welcoming community await. The prospect of calling this picturesque island home is both exciting and promising.
Is Malta a good country to move to?
Malta is emerging as a favored destination for relocation, attributed to its Mediterranean climate, widespread use of English, and a comparatively affordable cost of living compared to other European nations.
Moving to Malta: visa guide
Over the past few decades, there has been a noticeable surge in the number of foreigners choosing Malta as their destination for property purchase or rental. With its appealing Mediterranean climate, rich history, cultural offerings, English-speaking population, reasonable cost of living compared to other EU regions, high-quality healthcare and education, as well as a diverse range of available properties, Malta proves to be an attractive choice.
Navigating the process involves several stages. Renting is a simpler option, facilitated by numerous reputable estate agents in Malta. For those considering purchase or investment, the initial steps include determining the desired location and home style. Subsequently, various permits are required, such as the Promise of Sale agreement with a notary (locally known as a Konvenju) and conducting legal title verification through appropriate searches. Upon signing this agreement, a 1% provisional stamp duty is payable, with the remaining 4% due upon the signing of the final deed. Additionally, a typical 10% deposit is required.
EU citizens, including Maltese citizens, residing in Malta for less than five years, need a permit for acquiring immovable property as a secondary residence. Non-EU citizens must obtain an acquisition of immovable property permit.
To establish residency, EU/EEA nationals and their third-country national family members residing in Malta for over three months must apply for a registration certificate and residence card, respectively. Application forms vary based on the sought status, such as employment, study, economic self-sufficiency, or family ties. The application process involves an appointment, biometric features capture, and a final due diligence period, typically taking four to six weeks. While there are no fees for applying, charges may apply for lost or damaged documents.
Upon completion, applicants receive confirmation of compliance with residence registration obligations, with the entire procedure conducted in English.
Navigating the process involves several stages. Renting is a simpler option, facilitated by numerous reputable estate agents in Malta. For those considering purchase or investment, the initial steps include determining the desired location and home style. Subsequently, various permits are required, such as the Promise of Sale agreement with a notary (locally known as a Konvenju) and conducting legal title verification through appropriate searches. Upon signing this agreement, a 1% provisional stamp duty is payable, with the remaining 4% due upon the signing of the final deed. Additionally, a typical 10% deposit is required.
EU citizens, including Maltese citizens, residing in Malta for less than five years, need a permit for acquiring immovable property as a secondary residence. Non-EU citizens must obtain an acquisition of immovable property permit.
To establish residency, EU/EEA nationals and their third-country national family members residing in Malta for over three months must apply for a registration certificate and residence card, respectively. Application forms vary based on the sought status, such as employment, study, economic self-sufficiency, or family ties. The application process involves an appointment, biometric features capture, and a final due diligence period, typically taking four to six weeks. While there are no fees for applying, charges may apply for lost or damaged documents.
Upon completion, applicants receive confirmation of compliance with residence registration obligations, with the entire procedure conducted in English.
Moving to Malta from UK
In the aftermath of Brexit, British citizens face updated immigration procedures when contemplating a move to Malta. As a member of both the European Union and the Schengen Area, Malta adheres to Schengen visa policies. UK citizens can visit Malta for up to 90 days within a 180-day period without requiring a visa. However, for extended stays or employment purposes, a visa becomes necessary.
Several residency programs cater to UK citizens seeking prolonged or indefinite stays in Malta. Seeking guidance from CSB Group's Immigration Team is advisable to identify the most suitable visa category and understand the application process, associated costs, and timelines.
Malta boasts a thriving job market, particularly in sectors like Finance, iGaming, IT, Tourism, and the Maritime industry. UK citizens, leveraging their transferable skills and English proficiency, often secure employment in these industries. For non-EU citizens working in Malta, a work permit is mandatory. Researching job opportunities, potential employers, and industry-specific requirements is essential.
To apply for a work permit, a signed employment contract with a Maltese company is required. Applications are submitted online through the work permit portal, and upon approval, an in-principle approval letter is issued, allowing the applicant to schedule a biometric appointment. Holding the single permit permits legal residence and work in Malta, subject to certain restrictions and annual renewal.
Malta offers a comprehensive healthcare system accessible to all residents, including UK citizens. While healthcare is not entirely free for Brits, costs are relatively affordable. UK expatriates should register with Maltese authorities for public healthcare services and consider obtaining health insurance coverage.
Malta's education system accommodates both local and international students, with a curriculum that generally aligns with the British system. For UK citizens with school-age children, enrolling them in Maltese schools is an option. Higher education options are also available, with UK qualifications recognized by the Maltese government.
Securing suitable accommodation is crucial when moving to Malta, with rental options available in various cities and towns. Engaging a reputable real estate agent is advisable. The cost of living in Malta is generally lower than in the UK, but newcomers should consider factors like imported goods and utilities when budgeting for the relocation.
Familiarizing oneself with Maltese culture and customs is essential for a smooth integration into society. Malta's friendly and welcoming people contribute to a positive living experience, and understanding local traditions enhances the overall adaptation to life on the island.
Several residency programs cater to UK citizens seeking prolonged or indefinite stays in Malta. Seeking guidance from CSB Group's Immigration Team is advisable to identify the most suitable visa category and understand the application process, associated costs, and timelines.
Malta boasts a thriving job market, particularly in sectors like Finance, iGaming, IT, Tourism, and the Maritime industry. UK citizens, leveraging their transferable skills and English proficiency, often secure employment in these industries. For non-EU citizens working in Malta, a work permit is mandatory. Researching job opportunities, potential employers, and industry-specific requirements is essential.
To apply for a work permit, a signed employment contract with a Maltese company is required. Applications are submitted online through the work permit portal, and upon approval, an in-principle approval letter is issued, allowing the applicant to schedule a biometric appointment. Holding the single permit permits legal residence and work in Malta, subject to certain restrictions and annual renewal.
Malta offers a comprehensive healthcare system accessible to all residents, including UK citizens. While healthcare is not entirely free for Brits, costs are relatively affordable. UK expatriates should register with Maltese authorities for public healthcare services and consider obtaining health insurance coverage.
Malta's education system accommodates both local and international students, with a curriculum that generally aligns with the British system. For UK citizens with school-age children, enrolling them in Maltese schools is an option. Higher education options are also available, with UK qualifications recognized by the Maltese government.
Securing suitable accommodation is crucial when moving to Malta, with rental options available in various cities and towns. Engaging a reputable real estate agent is advisable. The cost of living in Malta is generally lower than in the UK, but newcomers should consider factors like imported goods and utilities when budgeting for the relocation.
Familiarizing oneself with Maltese culture and customs is essential for a smooth integration into society. Malta's friendly and welcoming people contribute to a positive living experience, and understanding local traditions enhances the overall adaptation to life on the island.
Moving to Malta from UK on Reddit
Bill from London says: "Having relocated from London to Malta, it's important to note that the cost of living in Malta is higher than in London. Expenses for restaurants, supermarkets, groceries, fruits and vegetables, technology items, and everyday necessities are generally more expensive in Malta. My daily survival costs have doubled compared to London.
While rent in Malta is less than that in London Zone 1, it is comparable to London Zone 2-3. Additionally, it's worth expecting your salary in Malta to be more than half of what you were earning in London.
Based on my experience, I wouldn't recommend the move due to the considerable increase in living expenses and the potential decrease in income."
While rent in Malta is less than that in London Zone 1, it is comparable to London Zone 2-3. Additionally, it's worth expecting your salary in Malta to be more than half of what you were earning in London.
Based on my experience, I wouldn't recommend the move due to the considerable increase in living expenses and the potential decrease in income."
Moving to Malta from Canada
Canadians considering a move to Malta can enjoy several advantages. Initially, they are permitted to live and work in Malta for up to 90 days without requiring a visa. Following this period, Canadians have the option to apply for a long-term visa or residency permit, granting them an extended stay.
Being a member of the European Union provides additional benefits for Canadians who secure residency in Malta. They gain access to the same rights and privileges as EU citizens, including free healthcare, education, and other social benefits.
Malta offers enticing tax incentives for foreign residents, including a flat tax rate of 15% for non-domiciled residents. This makes Malta an appealing destination for retirees and high-net-worth individuals seeking to minimize their tax liabilities.
Lastly, Canadians relocating to Malta can experience a high quality of life, surrounded by beautiful beaches, a vibrant cultural scene, and various recreational activities.
For Canadians looking to relocate, Malta provides several visa and residency programs:
a) Malta Residency and Visa Programme (MRVP) – Tailored for non-EU citizens seeking long-term residency, requiring an investment of €250,000 in government bonds and a non-refundable contribution of €30,000 to the Maltese government.
b) Global Residence Programme (GRP) – Designed for non-EU citizens aiming for residency without becoming tax residents, necessitating an annual income of at least €100,000 or a minimum capital transfer of €500,000.
c) Malta Citizenship by Investment Programme (MCIP) – Geared towards high-net-worth individuals seeking Maltese citizenship through investment, with a minimum investment of €650,000 in government bonds and a non-refundable contribution of €650,000 to the Maltese government.
d) Ordinary Residence Programme (ORP) – For non-EU citizens seeking long-term residency without a substantial investment, requiring proof of income and a €5,000 deposit with a Maltese bank.
Malta's thriving economy, with a GDP of €13.2 billion in 2020, is driven by a robust financial sector and a growing iGaming industry. The island's tourism industry, rich cultural heritage, and strategic location contribute to its appeal. With a welcoming culture, various residency programs, and a pro-business environment, Malta presents an attractive opportunity for Canadians looking to embark on a new chapter in their lives.
Being a member of the European Union provides additional benefits for Canadians who secure residency in Malta. They gain access to the same rights and privileges as EU citizens, including free healthcare, education, and other social benefits.
Malta offers enticing tax incentives for foreign residents, including a flat tax rate of 15% for non-domiciled residents. This makes Malta an appealing destination for retirees and high-net-worth individuals seeking to minimize their tax liabilities.
Lastly, Canadians relocating to Malta can experience a high quality of life, surrounded by beautiful beaches, a vibrant cultural scene, and various recreational activities.
For Canadians looking to relocate, Malta provides several visa and residency programs:
a) Malta Residency and Visa Programme (MRVP) – Tailored for non-EU citizens seeking long-term residency, requiring an investment of €250,000 in government bonds and a non-refundable contribution of €30,000 to the Maltese government.
b) Global Residence Programme (GRP) – Designed for non-EU citizens aiming for residency without becoming tax residents, necessitating an annual income of at least €100,000 or a minimum capital transfer of €500,000.
c) Malta Citizenship by Investment Programme (MCIP) – Geared towards high-net-worth individuals seeking Maltese citizenship through investment, with a minimum investment of €650,000 in government bonds and a non-refundable contribution of €650,000 to the Maltese government.
d) Ordinary Residence Programme (ORP) – For non-EU citizens seeking long-term residency without a substantial investment, requiring proof of income and a €5,000 deposit with a Maltese bank.
Malta's thriving economy, with a GDP of €13.2 billion in 2020, is driven by a robust financial sector and a growing iGaming industry. The island's tourism industry, rich cultural heritage, and strategic location contribute to its appeal. With a welcoming culture, various residency programs, and a pro-business environment, Malta presents an attractive opportunity for Canadians looking to embark on a new chapter in their lives.
Moving to Malta as an American
Moving to Malta as an American involves several key steps to ensure a smooth transition. Firstly, Americans can visit Malta for up to 90 days without a visa, but for a more extended stay, it's essential to navigate the visa and residency process. Americans can apply for a long-term visa or residency permit after the initial 90 days, allowing them to extend their stay in this Mediterranean destination.
To ease the relocation process, Americans are encouraged to explore job opportunities in sectors like finance, iGaming, or tourism, as employment can significantly impact the overall experience. Securing a job before moving is advisable, given Malta's relatively high cost of living. Additionally, familiarizing oneself with local housing options and rental costs is crucial for finding suitable accommodation.
Finally, understanding the residency requirements and cultural nuances is essential for a successful integration into Maltese society. This includes obtaining a residence permit based on the duration of stay, and for those considering a more permanent move, exploring residency programs or citizenship options like the Malta Individual Investor Program (MIIP) may be worth considering.
To ease the relocation process, Americans are encouraged to explore job opportunities in sectors like finance, iGaming, or tourism, as employment can significantly impact the overall experience. Securing a job before moving is advisable, given Malta's relatively high cost of living. Additionally, familiarizing oneself with local housing options and rental costs is crucial for finding suitable accommodation.
Finally, understanding the residency requirements and cultural nuances is essential for a successful integration into Maltese society. This includes obtaining a residence permit based on the duration of stay, and for those considering a more permanent move, exploring residency programs or citizenship options like the Malta Individual Investor Program (MIIP) may be worth considering.
Moving to Malta from India
To enter Malta, Indian citizens are required to adhere to the general visa rules.
Malta offers numerous benefits for individuals from other countries, making it an attractive destination. It boasts a low crime rate, a stable and growing economy, and opportunities for investments and business growth. Key points about Malta's economy and population include its favorable ranking of 88th out of 190 economies in the World Bank's 2020 Doing Business report, with over 31,000 foreign companies established. The total FDI stock in 2018 amounted to approximately USD 206 billion, and in 2019, around 3,200 Indian citizens were residing in Malta. Indian citizens can obtain residency by investing at least 600,000 EUR or purchasing a house.
For Indian citizens seeking a visa to Malta, the main requirements include a standard application form with personal information, travel medical insurance with coverage of at least EUR 30,000, a passport valid for at least 3 months before arrival, a visa cover letter detailing the purpose of the visit and itinerary in Malta, proof of civil status, and bank statements showing funds of at least EUR 48 per day. Additionally, proof of accommodation is required.
Once a visa is obtained, Indian citizens may need a residence permit in Malta, which can be temporary or permanent based on the duration of their stay. Examples of Maltese residence permits include those for studying, working, or obtaining permanent residence after living in Malta for five years. Both EU and non-EU citizens, including Indians, can obtain residency in Malta through investments of at least EUR 500,000.
The Malta Individual Investor Program (MIIP) allows Indian citizens to conduct business in Malta, acquire citizenship, and obtain a second passport with global travel privileges. MIIP applicants must undergo checks through Interpol and the International Criminal Court, and a police certificate is required. Investments for Indians in the MIIP program involve purchasing a property worth at least EUR 350,000 or renting a house for at least one year with a lease of EUR 16,000. MIIP applications should be submitted at least a year and four months before the intended arrival in Malta.
Malta offers numerous benefits for individuals from other countries, making it an attractive destination. It boasts a low crime rate, a stable and growing economy, and opportunities for investments and business growth. Key points about Malta's economy and population include its favorable ranking of 88th out of 190 economies in the World Bank's 2020 Doing Business report, with over 31,000 foreign companies established. The total FDI stock in 2018 amounted to approximately USD 206 billion, and in 2019, around 3,200 Indian citizens were residing in Malta. Indian citizens can obtain residency by investing at least 600,000 EUR or purchasing a house.
For Indian citizens seeking a visa to Malta, the main requirements include a standard application form with personal information, travel medical insurance with coverage of at least EUR 30,000, a passport valid for at least 3 months before arrival, a visa cover letter detailing the purpose of the visit and itinerary in Malta, proof of civil status, and bank statements showing funds of at least EUR 48 per day. Additionally, proof of accommodation is required.
Once a visa is obtained, Indian citizens may need a residence permit in Malta, which can be temporary or permanent based on the duration of their stay. Examples of Maltese residence permits include those for studying, working, or obtaining permanent residence after living in Malta for five years. Both EU and non-EU citizens, including Indians, can obtain residency in Malta through investments of at least EUR 500,000.
The Malta Individual Investor Program (MIIP) allows Indian citizens to conduct business in Malta, acquire citizenship, and obtain a second passport with global travel privileges. MIIP applicants must undergo checks through Interpol and the International Criminal Court, and a police certificate is required. Investments for Indians in the MIIP program involve purchasing a property worth at least EUR 350,000 or renting a house for at least one year with a lease of EUR 16,000. MIIP applications should be submitted at least a year and four months before the intended arrival in Malta.
Moving to Malta from India on Reddit
Li from India says: "Embarking on a new chapter of my life, the decision to move to Malta from India is filled with anticipation and excitement. Drawn by the allure of Malta's picturesque landscapes, rich cultural heritage, and the promise of a Mediterranean lifestyle, the prospect of starting afresh in this vibrant island nation is both exhilarating and promising. From navigating the visa process to exploring residency options, the journey unfolds with the hope of embracing a new way of life, building connections, and immersing myself in the unique charm that Malta has to offer."
Moving to Malta on Reddit
Kim from Malta says: "My recommendation would be to secure a job prior to relocating to Malta, given that rental costs and the overall cost of living rank among the highest in Europe. Concentrating on opportunities in the iGaming sector is advisable, as it tends to offer competitive salaries and potential for career advancement, especially for those with ambition. While Malta is undeniably beautiful, it's crucial to brace yourself for overpopulation, making it challenging to find serene spots for contemplation and relaxation."
