WHERE IS MALTA? DECODING THE ATTRACTIVENESS OF THIS COUNTRY
Where is Malta? Malta is known as a beautiful island country with a peaceful life. Malta annually attracts large numbers of immigrants from all over the world with its prosperous economy and high-quality of life. On this island, investors will have an extremely interesting experience.
Where is Malta?
Malta, also known as the Republic of Malta. It is made up of a series of islands, with the three main ones being Malta, Gozo and Comino. Malta is a friendly and hospitable country in the European Union (EU). There are temples in Malta that are 7000 years old and are considered the oldest structures on earth. Thus, the ancient ruins add to the attractiveness of this beautiful island nation.
Malta’s climate is extremely pleasant, the people are friendly and the natural scenery is stunning and peaceful. The official languages in this country are Maltese and English.
- Area: 316 km²
- Population: about 450,000 people (2021)
- GDP: 14.5 billion USD (2021)
The Maltese government has steadfastly pursued a policy of trade liberalization. In a short time, Malta attracts high-quality labor and investors from all over the world. To date, Malta ranks 6th in terms of foreign direct investment and also be a leading country capable of sustaining economic growth in the long run. The average income of Maltese people is high, unemployment is low, cultural festivals are held all year round.
Where is Malta – Geography
Malta is a small island country located south of Sicily in the Mediterranean Sea. There are three large islands, Malta (Malta), Gozo (Għawdex), and Comino (Kemmuna) that attract residents. Malta is located 80km south of Italy, 284km east of Tunisia, and 333km north of Libya.
Malta became a Commonwealth country, known as the State of Malta in 1964. Malta became a Republic in 1974. Since 2004, the country has been a member state of the European Union (EU).
Where is Malta – Nature and Climate
The country of Malta has many bays located along the undulating coast creating extremely splendid seaports. The terrain consists of low hills and plains. Malta’s highest point is the 253m high Dingli cliff.
Malta belongs to the Mediterranean climate zone, cool and temperate all year round. It is famous for its crystal clear waters, charming cities and a laid-back atmosphere. Malta is a country worth settling down and living in.
According to Botany, Malta belongs to the Mediterranean climate zone. According to the World Wide Fund for Nature, the territory of Malta belongs to the Mediterranean forest and shrubland.
Life in Malta
Malta is covered in sunshine all year round. That atmosphere helps reduce the stress on life in Malta compared to other parts of Europe. The pace of life here is usually slow and relaxed, suitable for those who want to escape from the busy daily life.
The people here are very sociable and friendly. Maltese people are extremely kind and hospitable. Especially in cities and small towns, most people are always ready to help in any way.
Malta is the only country in the four major organizations: EU, Schengen, Commonwealth and Eurozone. The Maltese government always implements many policies to attract investors.
Once investors are granted Maltese citizenship, the investors will become European citizens. Investors enjoy freedom of travel to all 28 European countries and Switzerland and are allowed to set up businesses in Malta as well are issued a Maltese passport. The passport allows them to get visa-free access to more than 160 countries worldwide, including the US.
The Maltese education system is developed according to British standards. Therefore, the quality is very high, ensuring teaching in both English and Maltese. Maltese universities are large in size and equipped with many modern teaching facilities.
Students in Malta are trained with a high degree of expertises. If investors visit the schools here, they will find students regardless of grades are participating in sports, arts and discussions.
Advanced medical system
The public hospital in Malta is large and clean, meeting international hospital standards. The atmosphere is comfortable, dedicated, not too crowded and noisy like other public hospitals in the world.
The system of facilities, medical services, health care… are all very modern. The criteria of the public hospitals here is to bring the most comfort to the patients while being treated. Malta deserves the 5th ranked medical position in the world.
Cost of living
The cost of daily living is relatively affordable, compared to most European countries. Food and public transport are relatively cheap per journey – around 26 EUR per month.
Malta has a lot of food and utensils from Asia. There is an Asian King supermarket selling all Asian products. Fresh vegetables and fruits, high-quality fish and seafood. The supermarket also sells a lot of typical Vietnamese spices such as soy sauce, fish sauce, etc many dishes are familiar to Vietnamese people. Food prices here are also affordable and the quality is completely assured.
In addition, there are many Asian restaurants and food stalls in this island nation. This can also be an opportunity for Vietnamese investors to come to Malta and open a restaurant.
Benefits of settling in Malta
Maltese citizens will be free to move to European countries and the United States. In addition, when becoming a citizen of this country, investors can freely work in the UK, Germany and the Netherlands.
Immigrants are also entitled to a completely free education and healthcare system. The Maltese government also implements exemption tuition policies from kindergarten to high school. Above all, students from grade 1 will go to school by free bus, kindergarten will be picked up.
Besides, the tax system is attractive and there are many preferential policies to support Malta Permanent Residents.
Where is Malta – Malta Permanent Residence Program (MPRP)
Requirements for the Malta Citizenship – Malta Permanent Residence Program (MPRP) :
- Citizens who are not belong to the European Union or the European Economic Area.
- At least 18 years old, with a clean judicial record.
- Valid passport.
- Meet the investment requirements with a minimum investment budget of EUR 150,000 as the main asset.
- Investors need to invest at least 5 years in real estate and contribute to the Government;
- After the 5th year, the investor must have a mandatory residential address.
Invest at least 5 years in real estate and contribute to the Government, specifically:
- Buy a property of EUR 300,000 in the South Malta/Gozo area or EUR 350,000 in the rest of the regions and contribute EUR 28,000 to the Government or,
- Rent property from 10,000 EUR/year in South Malta/Gozo area or 12,000 EUR in the rest areas and contribute EUR 58,000 to the Government.
In addition, at Portico & Bridge, we have direct support from Dr. Michaela Millo LL.B (Hons), M.Adv (Melit.) is a Maltese Doctor of Laws with many years of experience in the field of Legal consultancy on Malta Immigration Investment programs (citizenship and permanent residency).
She is also a Doctor of Lawyers licensed by the Residency Malta Agency with the licensed number AKM-MILLO-21 – allowing her to be an Attorney to represent you at the Immigration Authority.
Investors can learn about the Malta Permanent Residence Program (MPRP) HERE
Malta is a gorgeous country to enjoy Mediterranean sea views and endless sunshine. There are historic cities with a wealth of fascinating history and culture. It covers ancient fishing villages, ancient temples, hidden coves, and peaceful towns, besides with an interesting mix of cuisine and a very relaxed atmosphere. Surely investors already know more about Malta as well as the experience of settling in this interesting island nation.
Portico & Bridge is a leading European immigration consulting group, with more than 35 years of experience and a team of more than 50 professionals worldwide. For more information about the Malta Permanent Residence program, please contact Portico & Bridge for detailed assistance.
Call us now at 0909.898.758
At PORTICO & BRIDGE, “Your Children, We Care”.