Low Taxes, World Class Healthcare, and Year Round Sunshine | Retire In Malta - Pros & Cons

Описание: Uncover the cost of living in the best places to live in Malta!
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Discover why this sunny, bilingual island with low taxes attracted thousands of expats who decided to retire in Malta.

In this video, you will discover how the Global Residence Programme (GRP) is attracting people from Europe and the US to retire in Malta by offering lower taxes, and a permanent residence.

You will also learn the pros and cons of living in Malta, the cost of living, how this little country, despite having its own language (Maltese), has no language barrier, and how good Malta's healthcare is.

Finally, we show the best places to retire in Malta, and no, they do not include the capital, Valletta, but rather the city of Sliema and the island of Gozo.

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💡 TOPICS IN THIS VIDEO 💡
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🔎 EXCERPT 🔎
In this video, you will discover the pros and cons, the cost of living, and the best places to live in Malta, one of the happiest Mediterranean jewels.
We start with the pros, and the first one is…
The lower taxes
Retiring in Malta isn’t just a dream – it’s a smart financial decision.
Malta offers a very appealing tax system for retirees, especially through the Global Residence Programme (GRP).
With this program, foreign residents pay a flat 15% tax on income brought into Malta from abroad.
If you don’t bring your foreign income into Malta, it isn’t taxed at all.
This is a big benefit for retirees with pensions or other foreign income because they can choose when to send money to Malta and manage their taxes.
There are some requirements for this program which I will clarify in a few minutes, but they are very straightforward.
In addition to this lower income tax, Malta doesn’t have wealth, inheritance, or estate taxes.
This means retirees won’t be taxed on passing wealth to their heirs, unlike in many other countries.
Expats also benefit from Malta’s double taxation agreements with countries like the UK and the US, so they won’t pay taxes twice on the same income.
But then, you might be asking: Ok, Malta has relatively low taxes,
but also does Hungary, which has the same flat tax rate as Malta for foreign income: 15%
we covered Hungary in a previous video by the way, so check it later.
So what makes Malta such a singular place is not the lower taxes, but a few other special qualities,
and among these qualities, is the next positive thing I want to talk about
The weather is nothing short of perfect.
Malta enjoys over 300 days of sunshine a year. According to the World Weather and Climate Information, the average yearly temperature in Malta is around 23°C (73°F), which provides an ideal climate for retirees looking for an active and outdoor lifestyle.
They have proper Mediterranean weather, which is considered one of the best for us, humans.