The wonderful island of Malta that is located in the Mediterranean Sea allows you to bask in its sunshine almost all through the year with as many as three hundred days of sun to provide you with much relaxation as well as fun. It is also a wonderful destination for those who are seeking a country with low taxes and which also has properties available at attractive prices.

Malta is an ideal offshore land that is popular among those who want to have lower business as well as personal tax burden, and it also makes an ideal place where to retire. The real estate business in Malta is a thriving one that has active as well as well-priced properties available for anyone interested. This is a good reason why many real estate investors are making good profits from their property deals in Malta.

Malta is a tax haven and if you can achieve residency in the country you would end up paying just fifteen percent income taxes on all remittances made to this island nation. If you purchase property in Malta you are eligible for residency and thus have the opportunity to considerably reduce your tax burden. The emigration laws are more or less the same as those of EU countries, as it is also a part of the European Union and so, anybody that is an EU national would not require a visa or passport as an ID card would be sufficient to enter the country.

So, if you are interested in these advantages you would do well to learn more about Malta which is a tiny though densely populated island nation that has an archipelago of seven islands, and which is a Southern European country that is situated south of Sicily as well as to the east of Tunisia and just north of the country of Libya. Most people speak both Maltese as well as English and the predominant religion is Roman Catholicism.

As would be expected from a Mediterranean country, the climate is also Mediterranean with many mild though rainy winters that see a lot of dry heat in the summer. The country had a very small number of industries till the year 1800 and what industry there was consisted of cotton, tobacco as well as shipyards. With the opening of the Suez Canal in 1869, Malta’s economy got a major boost especially through shipping.

There are supposed to be just a little over four hundred thousand inhabitants on the island including those foreigners that have resided on the island for a minimum of one year and there are almost equal number of males and females. The Maltese language which is native to the island has been derived from Arabic as well as having borrowed from Italian; more particularly from Sicilian.

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This entry was posted on Tuesday, June 5th, 2007 at 12:12 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.