Over the past few years, increasing amounts of people from all over the globe have left their stressful, or unfulfilling desk jobs, opting for the “digital nomad” lifestyle. Working as a digital nomad is a great option for a number of reasons: you can be your own boss, work less hours, and of course, live anywhere you want.

In terms of country specifics, Malta has a lot to offer. The country has long been seen as a top destination for those who work online to call home. But what are the benefits? Let’s investigate.

Located in the Mediterranean, midway between Europe and Africa, the beautiful island of Malta is an excellent option for many expatriates to set up shop. Not only is it blessed with a year-round warm climate, it’s also recently announced some excellent conditions for digital nomads.

A new temporary residency scheme aimed at people who want to move to Malta but work remotely was announced at the beginning of June, causing quite a stir among the expat community.

The programme offers a six-month visa and gives the option of obtaining a one-year ‘Nomad Residence Permit’.

To qualify, applicants simply need to show that they’re contracted to work remotely by a company based overseas, show that they run their own business or offer a freelance service to customers based abroad. This may also require a local company — which 1st Step can help you with.

Applicants must provide evidence that their income met the minimum threshold during the six months preceding their application. Currently, the monthly income threshold is €2,700 (gross).

At just €300, the programme is also a cost-effective option for those looking at moving (at least in the short-term) to the Mediterranean.

The living costs in Malta are considerably lower than the larger countries in central Europe, and the international schools reflect this low cost of living.

In addition, the aforementioned climate and relaxed pace of life make it an attractive location for expatriates, especially those with families. EU Membership also lends to the country’s political-economic stability.

What’s about Business?

Malta Limited Partnership is a simple and tax transparent business solution that fits perfectly for digital nomads. It’s also extremely cost-effective, costing just 75 EUR per month, making it the ideal solution for freelancers and digital nomads looking to set up quickly and easily in Malta.

We offer:

  • Fast on-boarding — your application is processed and submitted the same business day.
  • Flexi payments — a choice of 4 packages from as low as only 75 EUR per month.
  • Accounting services — provided by top experts or simply and secure access to our accounting program.
  • Business substance — any level: from local administrator to exclusive office for your company.
  • Banking — setting up an IBAN for your company is smooth and fast.
  • Payment gateways — we can set up payment gateways and obtain VAT for MLPs.

Company registration takes as little as one week.

If you’re interested in starting or continuing your digital nomad journey in Malta, get in touch with us today and book your free 15-minute consultation with 1st Step.

 

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