How to leave Starmer’s highly interested Great Britain: the full emigration guide of the experts to move to Malta … A sun-drenched, English-speaking port with a low load and low crime

In these turbulent times for the British economyA growing number of financially comfortable people are looking for ways to protect their savings. And for many, starting a new life in Malta is a tempting solution.

“We see more people from Britain moving than anywhere else,” says broker Grahame Salt. ‘They love the Mediterranean lifestyle, the low crime Rate, the fact that English is spoken here and especially the low taxes. ‘

Malta has also greatly improved as a destination in recent years, and nobody is better placed to appreciate this than journalist Marianne Jones, who was raised on the island and recently returned to see family.

“The island does not like the somewhat sleepy rock of my childhood, where I remember that I saw old ladies embroidered that way on their door while donkeys and carts are over,” says Jones, who now lives London.

‘Malta is today a young, lively and busy place but still historically amazing. When I last visited Valletta, almost every bar was full and there was live music on the street.

“Yet the Michelin Star menus and the nightlife go hand in hand with ruins older than the pyramids, church bells and masterpieces.”

Taxation

Malta offers various tax programs that may initially seem confusing. But local brokers are present to advise you on what you can use.

If you have been living in Malta for five years and want to make it your permanent home, the long -term residence permit is for you. This enables holders to enjoy almost the same rights as Maltese citizens, including access to employment, education and public services.

To request this form of stay, you must demonstrate stable financial income to support yourself and your people, as well as extensive health insurance and suitable accommodation.

As an alternative, non-EU nationals (including British citizens) can request permanent stay under the permanent residency program of Malta. To do this, you must have assets of at least € 500,000 (£ 429,000) – with at least € 150,000 (£ 129,000) in financial investments – or assets of € 650,000 (£ 558,000), with at least € 75,000 (£ 64,000) in financial investments. You also need extensive health insurance policy that you and your people charges.

Long-term inhabitants in Malta pay a progressive tax rate of a maximum of 35 percent on the highest Income Bears-10 percent below the highest rate of Great Britain.

There is no wealth, inheritance or annual real estate tax, which further benefits income. However, there are 5 percent stamp rights about purchases of real estate and potential power gain tax for the sale of real estate.

If you withdraw to Malta, you need the Malta Retirement Program. To be eligible for this status, you must have a property or rent in Malta. The building must be worth € 275,000 (£ 236,721), or € 220,000 (£ 189,145) in South Malta. For those who rent, the minimum annual rent must be € 9,600 (£ 8,254) or € 8,750 (£ 7,522) in South Malta.

Applicants must live in Malta at least 90 days a year and must have a pension that forms 75 percent of their total income. Health insurance is also required. The program also suggests holders to charged people, provided they share the main residence.

Pensioners in Malta are subject to a generous level tax rate of 15 percent on foreign income, where local income is taxed at 35 percent.

Employment

English is now an official language in Malta, making it easy to set up a company. Compared to other European countries, such as Germany or France, the company’s registration process is also incredibly efficient and takes between 1-2 weeks.

It is also an affordable place to start a company: for private limited companies, a share capital of only € 1,165 (£ 977) is required, with only 20 percent of this required in advance. This is a particularly attractive prospect for small to medium -sized companies, especially in combination with low corporation tax rates (between 5 and 7 percent).

There are various employment options available for expats in Malta. The country is now an important hub for IT and software companies and attracts British expats with skills in software development, data analysis and customer support. There is also a steady demand for accountants, auditors and other financial professionals, because of the many international companies that are active in the robust financial sector of Malta.

English language education is another important working area available in Malta, because the country is a popular destination for students who learn English.

EDUCATION

The education system is well considered and, more importantly, young people have the choice to follow the British or the curriculum of the United States.

Top English -speaking schools include Verdala International School, St. Edward’s College, QSI International School of Malta and St Martin’s College. Annual costs vary from € 3,700 (£ 3,105) to € 10,800 (£ 9,285), depending on the school and the age of the child. Many have waiting lists, so early application is advised.

Street life

Malta is an intoxicating mix of influences, explained by the fact that it is ruled by Phoenicians, Greeks, Carthaginians, Romans, Byzantines and Arabs. Examples of previous influences are the fortifications of MDINA and Valletta’s Grand Palaces, open squares and picturesque labyrinthian alleys.

The British ruled Malta as a rule for 165 years until it came to the Commonwealth in 1964. Nowadays, British influences are on the left and English as an official language, something that helps the process of ownership if you are an expat.

With shops such as Marks & Spencer and Zara to choose from, the High Street experience is similar to that of the UK.

Have to see

Even if you are not religious, you have to visit the churches. There are 350 of them on this small island, including the co-cathedral of the capital of the capital St John who houses two masterpieces of Caravaggio. Mix anonymously in the surrounding architecture, some say that it is the most awesome church in the world.

Cost of living

In general, the costs of living in Malta are lower than the VK, with monthly expenses estimated at £ 2,571 for a family of four, in contrast to £ 3,907.

You also pay around 22 percent less for rent, because the price per square meter for an apartment in the city center is almost 40 percent lower than in London.

PROPERTY

A new report shows that the real estate prices in Malta have risen by 125 percent in the past decade. Apartments include 50 percent of the islands of 297,000 houses.

On your ride of the airport, you can be less than impressed by the first sight of Maltese property: box -like houses with scars by satellite dishes.

Only when you reach the capital of Valletta, around which most people live, with the mix of Baroque and Renaissance palaces that you start to appreciate Malta’s architectural splendor.

“The thing that most British like is that everyone integrates so happily,” says Grahame Salt. ‘In many countries, such as Spain, you will find income together in their own communities, so we make little attempt to mix. That doesn’t happen here. ‘

As the most densely populated country in the EU, space is a premium in Malta. However, apartment developments, such as Tigne Point, were recently built along the harbor.

With a view of the Grand Harbor in Sliemia, the complex is a contemporary view of the traditional Arabian street design, with flat houses with a roof built around a marble Piazza and shopping center.

There is a restaurant next to a seawater-cross swimming pool and the view over the bay to Valletta is to die in front.

For those who need extra space, inner villages such as Gharghur, Naxxar or Lija can be more suitable.

There is a charm for their squares and street markets. Wrapping streets often lead to long, anonymous -looking buildings. Behind these front doors are some of the most impressive houses on the island. They are the palazzos with their courtyards and wells – a hangover from the 16th century, when every house had to be able to resist and besiege.

While you are in the cool of one of these courtyards, you will understand why Marianne Jones says: “I still love Malta more than anywhere else in the world.”

‘I will not intend to leave soon’

Born and raised in Wigan, Mags Whitehead, 54, moved to Malta with her partner Nige in February 2019, inspired by the proximity of the country to the UK, the lack of language barrier – “Everyone in Malta speaks English,” she says – and improves again.

Mags rented a property and had sorted her Maltese ID ‘within two weeks of relocation’, and the EU residence permit that it was initially granted has now been extended to a ten-year residence permit. Although the Brexit has possibly complicated the emigration process in recent years, she notes that this has not dropped people to Malta and says, “If there is something, more people will come over – mainly British.”

Today she runs her own company, Birgu Candlelight Company, in three cities, which she found ‘very easy’ to set up. She lives in Birgu, a very ‘authentic Maltese’ area of ​​the country.

Mags found integration in Maltese society seamless. “In short, every nationality you could imagine in Malta, so I have friends who are Maltese, French, Spanish, Italian, German and South African.”

With a ten -year lease in her store, she is ‘not going to leave soon’, not even to be explained that she will ‘never return to the UK’.