Malta
The Mediterranean islands of Malta have year-round sunshine along with a unique mix of prehistoric and colonial history and architecture. English is the second official language after Maltese, making for an easy transition for North American retirees. On Gozo island, a central one-bedroom apartment rents for less than $500 a month on average. To top it off, Malta offers excellent health care for a fraction of the cost in the U.S. In order to access the system, you’ll need private health insurance coverage. This can cost less than $115 a month for those without chronic health conditions.
Malta
How to retire in Malta
Malta has a renewable one-year visa for retirees and self-employed seniors. Americans and Canadians can visit Malta for 90 days. One there, they can apply to extend their stay for another three months. After that, they can apply for a permanent resident visa. You’ll need to show you have at least 23,500 euros – over $26,500 – in the bank. That or 28,500 euros – more than $32,000 – if you’re married. You’ll also be required to demonstrate proof of health insurance, a mortgage or rental contract, and a clear criminal record. Lastly, you’ll need to file a Maltese tax return and follow the minimum tax requirements.
How To Retire In Malta
