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Expats Moving to Malta in 2024
Moving to Malta as an expat involves considering various aspects such as healthcare, living conditions, transportation, and work opportunities. We will give you a detailed look into each aspect for expats moving to Malta:
Healthcare - Public Healthcare: Malta’s public healthcare system is funded by taxes and offers free or low-cost services to residents. The main public hospital is Mater Dei Hospital, located near Msida, which provides a wide range of medical services. Health centers in various localities offer primary care services. - Private Healthcare: Private clinics and hospitals, such as St. James Hospital and DaVinci Hospital, offer shorter waiting times and more personalized services. Health insurance plans, including coverage for private healthcare, can be tailored to individual needs. - Pharmacies and Medication: Pharmacies are widely available, and many medications can be obtained without a prescription. Some specific or advanced medications might require a prescription from a local doctor. Living Conditions - Accommodation: Housing options range from modern apartments to traditional Maltese townhouses. Popular areas for expats include Sliema, St. Julian’s, Valletta, Mellieha, and of course Maltas little sister island of Gozo. - Renting: Contracts typically last for one year, with a one-month deposit usually required. - Buying: Non-residents can buy property in Special Designated Areas (SDAs) without restrictions. Mortgages are available from local banks. - Schools and Education: There are numerous international schools, such as Verdala International School and QSI International School, which follow the British or American curriculum. Public schools offer free education and conduct lessons in English and Maltese. - Safety and Security: Malta is generally very safe with low crime rates. It’s a family-friendly destination with a strong sense of community. Transportation - Public Transport: Malta Public Transport operates buses across the islands, with an efficient schedule and coverage. A monthly bus pass for adults is free if you move your residency to Malta and apply for a maltese id card (see >> Malta Residence ID Card). - Driving and Car Ownership: Renting a car is common among tourists, and many expats choose to own a vehicle for convenience. Parking can be challenging in busy areas, and fuel costs are moderate. Car insurance is mandatory and readily available. - Bicycles and Walking: Cycling is becoming more popular, and certain areas are very walkable, especially in urban centers. Work - Work Permits and Residency: Non-EU citizens need a Single Permit, combining the work and residency permit. The application is employer-led and involves providing proof of employment and accommodation. - Employment Sectors: Malta has a thriving iGaming industry, along with strong finance, insurance, and real estate sectors. IT and technology-related jobs are also growing. Job portals like Konnekt, Keepmeposted, and LinkedIn are good resources for job searching. - Salaries and Taxes: Salaries are generally lower than in Western Europe but come with a lower cost of living. The tax system is progressive, with rates ranging from 15% to 35% based on income levels. Malta also has double taxation agreements with many countries. Lifestyle and Community - Culture and Entertainment: Malta boasts a rich cultural heritage with numerous festivals, historical sites, and a vibrant arts scene. The annual Carnival, Isle of MTV concert, and Notte Bianca are highlights. - Outdoor Activities: The island offers various outdoor activities such as sailing, diving, and hiking. The Maltese archipelago is surrounded by clear waters, making it a haven for water sports enthusiasts. - Shopping and Dining: Malta has numerous shopping centers, local markets, and international retail chains. The dining scene is diverse, offering everything from traditional Maltese cuisine to international dishes. Popular areas for dining include Valletta, Mdina, and the coastal towns. Integration and Language - Language: English is the predominant language in business, education, and daily interactions. Maltese is also widely spoken, and learning a few basic phrases can help with integration. - Community Support: There are various expat groups and online forums where newcomers can seek advice, share experiences, and make connections. Social clubs and cultural organizations frequently organize events. Tax Residency in Malta In Malta, determining tax residency is primarily based on factual circumstances rather than nationality or civil status. Here are the key points regarding tax residency in Malta: - Definition of Tax Residence: An individual is considered tax resident in Malta if they spend more than 183 days in Malta in any given year. This applies regardless of the purpose of their stay. - Residency Upon Arrival: If an individual comes to Malta to establish their residence, they become tax resident from the date of arrival, regardless of the number of days spent. - Ordinary Residence: Individuals who live in Malta permanently or indefinitely are considered ordinarily resident. This status also applies to those who are in Malta for a temporary purpose but meet specific criteria, such as staying more than 183 days per year for three consecutive years or establishing significant personal and economic ties over a long period. see >> Domicile and Residence in Malta - Taxation Basis: 1. Worldwide Basis: Individuals who are both ordinarily resident and domiciled in Malta are taxed on their worldwide income. 2. Remittance Basis: Individuals who are either not domiciled or not ordinarily resident in Malta are taxed on income remitted to Malta and certain local income. - Loss of Residency: Ordinary residency status can be lost if an individual leaves Malta permanently or indefinitely. Temporary absences may not affect residency status depending on the maintenance of personal and economic ties with Malta. - Tax Compliance: Residents are required to fulfill tax compliance obligations, including timely registration and submission of tax returns. Moving to Malta can be a rewarding experience with careful planning and consideration of these aspects. Malta’s warm climate, friendly locals, and rich history make it an appealing destination for expats. Whether you’re moving for work, retirement, or a change of pace, Malta offers a high quality of life with many opportunities for personal and professional growth. Preparing thoroughly and understanding these aspects can help expats transition smoothly into living and working in Malta. Researching specific requirements based on individual circumstances is recommended for a successful relocation experience. To establish your present in Malta a maildrop or virtual address is a first step for your move. Do not hesitat to contact us for more information.     
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