Introduction to Malta

Nestled in the central Mediterranean, Malta may be one of Europe’s smallest countries, but it offers a wealth of opportunities for retirees. This tiny island nation, with a population of just over 530,000, has a unique blend of cultures influenced by its strategic location between Italy and Libya. Recently named the third-best country to retire in Europe by Global Citizen Solutions, Malta’s appeal goes beyond its scenic beaches and historic towns.

Safety and Affordability

Malta is recognized as one of the safest countries in Europe, significantly safer than the United States, according to the World Bank. The cost of living is also relatively affordable, with an estimated average monthly budget of $2,600-$3,000. Housing options are diverse, but most residents live in apartments or condos due to the country’s high population density. Furthermore, non-EU citizens can obtain residency in less than a year by investing at least €110,000 in real estate, granting them visa-free travel in all EU and Schengen countries.

Healthcare and English Proficiency

Malta boasts an exceptional healthcare system. While Maltese citizens and legal residents enjoy universal healthcare, non-EU citizens need private healthcare insurance, which is relatively inexpensive compared to other countries. Monthly premiums are typically less than $100, with medical services also being more affordable. Additionally, English is one of Malta’s official languages, making daily life and cultural assimilation easier for English-speaking expats.

Entertainment and Lifestyle

The island offers a wide range of entertainment options and year-round ideal weather. With a large expat community, particularly in cities like Valletta, St. Paul’s Bay, and Victoria, retirees can enjoy a vibrant social life. Malta’s political stability, attractive property prices, and fantastic tax exemptions and incentives further enhance its appeal as a retirement destination.