Why do UK Citizens Choose Malta for Living?

Malta attracts UK citizens with its stable economy, an English-speaking environment, and access to the European Union.

Malta’s Global Residence Programme and Citizenship by Investment provide UK citizens with legal pathways to relocate. These options allow for visa-free travel and a high standard of living.

Julia Loko, Investment Programs Expert at Immigrant Invest, explains why it is among the best countries to move from the UK.

How to Become a Malta Resident

UK citizens can move to Malta by investment-based programs. There are two main options: the Malta Global Residence Programme and Malta’s Citizenship for Exceptional Services by Direct Investment.

Malta Global Residence Permit. This residency option allows non-EU citizens, including UK nationals, to live in Malta with a favourable tax structure. Applicants must rent or buy property, pay a minimum tax, and meet financial requirements.

Citizenship for Exceptional Services by Direct Investment. This route grants full Maltese citizenship by naturalisation after a one- or three-year residency period. It requires a financial contribution, a property investment, and a donation to a local NGO.

Applicants must pass strict Due Diligence checks, contribute to the National Development and Social Fund, invest in real estate or government bonds, and reside in Malta for at least one year:

1. Contribution to the National Development and Social Fund. Applicants must make a non-refundable contribution to Malta’s National Development and Social Fund. The required amount starts at €600,000 for a minimum 36-month residency, or €750,000 for a reduced 12-month residency period.
2. Investment in Property. Applicants are required to invest in property, either by purchasing a property valued at a minimum of €700,000 or renting a property with a minimum annual rental cost of €16,000.
3. Investment in Government Bonds. Applicants must invest in government bonds or stocks, which must be held for a period of five years.

9 Benefits of Malta Citizenship for UK Citizens

It’s passport advantage for UK citizens provides favorable conditions beyond just relocation. Here are the key benefits:

1. Increased mobility. It is one of the main advantages of Maltese citizenship for UK citizens. Citizenship grants the right to live, work, and study in the country.
2. Visa-free travel. A Maltese passport allows travel to over 160 countries, including the US and Schengen Area.
3. Tax benefits. No worldwide income tax and favourable rules for high-net-worth individuals.
4. Business Opportunities. It offers a stable economic environment with low corporate tax rates.
5. Political and economic stability. It is part of the EU and has a strong financial sector.
6. Quality healthcare. The healthcare system ranks among the best in Europe.
7. Education system. British-style education and access to EU universities.
8. Safe living environment. It has a low crime rate and a high standard of living.
9. Generational benefits. Citizenship is passed down to future generations.

Additional Benefits for UK Retirees

Malta is an attractive destination for UK retirees. The country’s warm climate, affordable cost of living, and high-quality healthcare make it a desirable retirement destination.

Also, Malta’s strong expat community offers social opportunities and support for newcomers.

Application Process

The application process differs for each residency and citizenship program.

Malta Global Residence Programme:

1. Rent or buy a qualifying property.
2. Submit an application through a registered agent.
3. Pay the required fees and taxes.
4. Receive approval and obtain residence status.

Citizenship for Exceptional Services by Direct Investment:

5. Choose a one- or three-year residency period.
6. Pass a strict Due Diligence check.
7. Contribute €600,000 or €750,000 to the government.
8. Invest in real estate worth at least €700,000 or rent the property for five years.
9. Donate €10,000 to a local NGO.
10. Receive approval and obtain a Maltese passport.

Key Things for UK Citizens to Know Before Moving to Malta

Understanding local rules helps in making a smooth transition.

• some residency options require a minimum stay;
• UK citizens should assess Malta’s tax policies and any impact on UK taxation;
• buying or renting in Malta requires understanding local regulations;
• public and private healthcare options are available;
• It has a Mediterranean climate, a slower pace of life, and an expat-friendly environment
• English is widely spoken and is an official language, and it has a unique blend of European and Mediterranean influences that newcomers should embrace.

Cost of Living in Malta

Malta offers a range of living costs depending on location and lifestyle. While the cost of living is generally lower than in major UK cities, it varies across the island.

• Rental prices are higher in prime locations such as Sliema and St Julian’s but more affordable in the south and Gozo;
• Water and electricity costs are moderate but may increase during summer due to air conditioning use;
• Public transport is inexpensive, and many residents opt for private vehicles;
• It offers a mix of affordable and high-end options for dining, leisure, and social activities.

Conclusion

Malta offers UK citizens a strategic base in Europe. Whether through residency or citizenship, moving to it provides security and global mobility. Understanding the available programs and their requirements is key to making an informed decision.