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Malta is a popular tourist destination in Europe. It is an island country comprising seven islands. The country is located around 93
km from the coast of Sicily. The charming climate and the scenic beauty make it one of the top destinations in Europe. Malta is home to plenty of tourist spots, some of which are included in the World Heritage Sites. There are many Megalithic Temples which are the oldest standing sites in the world. The country is a member of the European Union and also the Commonwealth of Nations. The capital of Malta is Valletta.
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The Mediterranean island of Malta in southern Europe is a retirement paradise for all those Americans who are willing to relocate overseas. Besides the excellent climate, magnificent scenery and warm and friendly people, living in Malta is easy and affordable, and the crime rate very low.
The health care system in Malta is top class. The country offers the advantage of a 15% income-tax rate for permanent foreign residents. You don't need to pay property taxes. Almost everybody in Malta speaks English, so you won't encounter any language difficulties.
A couple can enjoy a comfortable post-retirement life in Malta on an annual income of $45,000 USD or less, and that includes visits to the US once or twice a year. Accommodation costs in Malta is so low that you can rent a luxurious, three-bedroom furnished house with two baths, and a private courtyard with a swimming pool for an unbelievable USD $1,200! Services from haircut to medical care cost mere fraction of their US costs.
One of the most preferred retirement destinations, Malta is an ideal place if you wish to spend some quality time after you retire. The low cost of living and also the facilities and services of high standards make it one of the popular destinations for retirees and older adults.
So, what are the factors that make Malta a popular retirement destination? The cost of living available in reasonable rates has ranked it as second in the International Living’s Global Retirement Index. Being a foreign resident, you can also enjoy as there are liberal restrictions compared to other nations. If you are a permanent foreign resident, you can enjoy a tax rate of 15%. There are also no property taxes in Malta which makes real estate pretty cheap.
Low cost of living
The cost of living in Malta is low compared to other countries. The essential facilities and services are available at affordable rates. Infrastructure is well developed in the country and transportation facilities are within the reach of one’s pocket. Essential services are also available at moderate rates. This benefits the retirees to a great extent as they have to depend on fixed sources of income.
Low cost of heath care
Malta also provides high quality health care facilities at affordable rates. There are many hospitals and treatment centers in Malta where one can enjoy specialized medical facilities and services at affordable rates. The excellent treatment facilities are backed by high qualified doctors and professional support staff. More and more Americans are opting for Malta to get high quality health care.
Charming weather conditions
The weather conditions in Malta are also charming which makes it an ideal post retirement destination. The idyllic locale is suitable for retirees and the aged who wish to have a nice and clam stay. The country is also home to many points of interest which draw huge rate of tourists.
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