Think property investment and you do not necessarily think of Malta – but it may be on its way to becoming a good tip.
Aside from year-round sun, a population of only 400,000 and 35 scheduled flights a week from the UK, the 316 sq km island just south of Sicily also offers several new developments targeting investment buyers.
The Maltese government encourages relatively affluent foreigners to use its country as a base and to own investment properties there. Foreigners are taxed on income derived within Malta and any worldwide income declared there – but the tax is no more than 15 per cent if you register under the country’s Permanent Resident Scheme.
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