Living in Malta
Being a European nation that is part of the Schengen area, Malta is open to all EU citizens, who are able to live and find work on the island.
Indeed, foreign residents are encouraged to settle in Malta and could benefit from a number of attractive tax benefits, as well as lifestyle benefits.
Ecco come vivere e Lavorare a Malta
According to Malta’s taxation system, people are taxed between 15 and 35% of their income while people who are ordinarily resident, but not domiciled in Malta, are subject to income tax and capital gains tax which occur at Malta, and income from outside of Malta but received in Malta.
No tax is payable on foreign capital gains, even if such earnings are received in Malta. It helps the cost of living to remain one of the lowest in Europe, with food, furniture and public services among the cheapest in the EU.
Having a Property in Malta The accommodation is easy to organize, with a wide range of properties available for rent or purchase, from fully furnished apartments to rustic farmhouses, villas with pools and even palaces, all at competitive prices, usually half of the price of similar properties on the Italian market.
Foreigners are allowed to purchase property in Malta, although due to concerns about artificial price increases, they are usually limited to owning one property at a time on the island.
Exceptions to this rule include some five-star developments built on the island, including Portomaso and Tigne Point, which are intended for foreign buyers.