Malta is not very famous compared to Ireland, Portugal, Greece and other countries, but it is undeniable that it has a high international status, is the only "four-in-one" country in the world (integrating the Commonwealth, the European Union, the Schengen countries and the euro area identity in one), and has extremely low taxes, low green card thresholds, and other advantages. As a result, many wealthy Chinese are in favor of Malta.
After obtaining the Maltese residency status, by submitting a job application to the local authorities, you can work normally locally. Individual income tax and social security are paid on the basis of work, children are entitled to free public education in Malta, employed persons and their children are entitled to free public health care in Malta, and employed persons may receive pensions, injury and illness pensions, widow/widow's pensions and unemployment benefits as appropriate.
Malta is also a popular retirement destination because its warm climate, beautiful scenery and relaxed lifestyle make life comfortable for immigrants here. And the funds for life can come from pensions, rental income, or any other legal source. Therefore, retirees with stable incomes are better suited to this program. In addition, the applicant must purchase or lease a property in Malta. This requirement is not a problem for retirees who want to buy a second home or move to Malta permanently.
When you move to a new country, finding a job can be a big problem. But in Malta, people are not worried at all, and many technology and financial services companies have decided to make Malta their home. This means that you can get a high-paying job based on your skills. Many Chinese work in English copywriting, IT, or finance with a good salary. In general, the family's gross wage is enough to live locally. Here, people can check job opportunities online before immigrating to Malta. Of course, you can also find a job after officially settling down. Many people don't realize that in addition to Maltese, English is also considered an official language. It is estimated that 88% of locals speak fluent English, which means there is no problem communicating in English at work.
It is a more affordable option for investors and entrepreneurs who want to obtain a Malta residence permit. Applicants must also make a certain amount of funds to a Malta non-profit and purchase or lease property in Malta. Therefore, individuals with low net worth but still looking to invest in Malta or establish a business in the country are better suited for this project.