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How to Work with Property Negotiators in Malta

Property Negotiators Malta

Malta’s real estate market is packed with good-value opportunities with features to match almost every taste. But how can you be sure you’ve seen the best options? Or are getting the best price?

That’s where a property negotiator comes in. They act like a buyer’s real estate agent.

A good property negotiator can help you find the optimal property in Malta at the right price. At the very least they give the peace of mind that helps you feel like a professional is on your side.

When you go about selecting a property negotiator to work with, it really helps to have done your own research. Use this how-to guide you to the perfect property negotiator.

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The Art of Finding Property in Malta to Rent

Malta Property Rent

Renting is a core way of finding a home here. Property rentals in Malta are especially popular with expats who make up a very large segment of the country’s tenants.

That’s partly because Malta is such a popular expat destination but also because there are no restrictions on foreigners renting property in Malta.

Real estate agents are sometimes used but often property will be for rent in Malta direct from its owner. On the tenant’s side, some property negotiators specialize in finding rental properties and can be hired to help in your search.

Finding a home to rent can feel like searching for a needle in a haystack. What’s the best town? How much should I pay in rent? What length of tenancy can I expect?

All these questions (and more!) are answered in this invaluable rundown on the details of renting property in Malta. Continue reading “The Art of Finding Property in Malta to Rent”

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What You Need to Know About Banking in Malta

Banking in Malta

With its position as an international financial center and attractive status for expats, Malta’s banking system deserves some attention.

At the turn of the 21st century, Malta had only four commercial banks. Due to a solid economy and prudently managed banking system that number is now over 25.

The search for the right bank in Malta can depend on factors like whether you already have an account with one of the global banks who operate here and whether you want private banking services.

Whether you want to move to Malta, are looking to establish a company here or want to know about offshore banking in Malta, read on. In this guide you will find everything you need to know about banking in Malta. Continue reading “What You Need to Know About Banking in Malta”

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Trusted Property Management in Malta

Property Management Malta

Second properties are especially popular in Malta. A recent survey found that almost 20% of Maltese residents own a second property somewhere in the country.

The obvious thing to do with your vacation property (or principal residence) when you aren’t using it is to rent it out. You probably don’t want to trek up to Gozo to change the sheets every time a short-term tenant checks out. And who wants to worry about a leaky roof while overseas for an extended stay?

Both situations are where good real estate management comes in handy. And also makes owning multiple income properties doable.

But Malta is a small country and, to some extent, the government has learned the lesson demonstrated by its Mediterranean neighbors. So, there is a fairly significant set of regulations on buying and renting property in Malta, which discourage run-away development and slipshod rental practices.

A good property management company in Malta can help you with the day-to-day operation and also guide you on how to stay within the letter of the law. Continue reading “Trusted Property Management in Malta”

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Is Malta a Tax Haven?

Malta Tax Haven

Malta has always been an outlier. Whether you look centuries back to the time when it was ruled by a Catholic order of knights or more recently as a British colony — it has done things differently.

The colonial history combined with a more recent desire to build a reputation as a financial center and establish a strong economy has led Malta to a very favorable tax regime. One that some people may call a tax haven.

But the current desire to integrate with the European community and avoid censure from American authorities has lead Malta to scale back on the tax allowances.

Still, government authorities say Malta’s tax code is its strongest card in a competitive world.

Is Malta a traditional tax-free jurisdiction in today’s world? Definitely not, it has some of the highest on-paper tax rates in the world. But there are some very attractive tax advantages in Malta and we’ll thoroughly outline them in this article.

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Finding the Right Tax Advisor in Malta

Malta Tax Advisors

Taxes are often a complicated part of life. Tax codes usually set out with clear intentions to incentivize certain choices. Time and competing interests can muddy these waters.

In Malta, there are a few residency schemes (with significant tax incentives) laid on top of a fairly straightforward tax system. So, even if locals don’t need a tax planner, you might to ease the process of relocating to Malta.

Some of Malta’s residency programs are only open to EU citizens (or citizens of EEA countries) and some are open to everyone. Professional advisors can help sort through these details.

As well, the list of countries who have signed a double-tax treaty with Malta continues to grow. That might mean that tax planning advice may be helpful if you’re sorting out what you owe to a former home country, or when investing and operating businesses abroad.

Below, you’ll find advice on the best of Malta’s tax advisors and a full guide to how they can help you soften the blow at tax time.

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Guide to Commercial Property in Malta

Malta Commercial Property

Many of us who call Malta home run our own business. If you’re planning to join the burgeoning class of entrepreneurs, you may also be on the hunt for an office or some type of commercial real estate in Malta.

Commercial property in Malta is a bit less widely available than the residential equivalent. It also tends to be more specialized, obviously, depending on the type of business you run.

Compared to renting or buying a home, there is an even great expectation of caveat emptor and that both parties know what they’re doing when it comes to commercial property.

For all of those reasons, it is crucially important that you do your research, have a plan and seek advice whenever possible. This guide will help you draw up your plan and make essential decisions like whether to buy or rent.

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Health Insurance in Malta

Malta Health Insurance

Malta’s healthcare system is one of the country’s main selling features. In fact, some world rankings have put it as high as 5th globally.

That level of excellence comes at a cost. Citizens and most residents have access to free health insurance in Malta that is supported by social security contributions made by employees and employers.

For things that aren’t covered, there are private health insurance options in Malta. Buying one of these policies is also a smart move for expats.

Below is an outline of how the system works, what’s covered and estimates for the cost of one of Malta’s health insurance options.

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