Do people choose to leave big-city life behind after the pandemic? If yes, is Malta the best place to move to? Current trends show that people are rethinking their city life and choosing more valuable destinations to live in. This flow even gets intensified by the increase of remote work caused by the pandemic.
Never imagined leaving your beloved city — until now
Although people always came back to cities after some of the biggest disasters we’ve had in our history — New Yorkers rebounded after 9/11 and major European cities were growing again after the 1918 flu pandemic too, this might not be the case this time.
2020 brought the following typical scenario, many can relate to: couples were — even if already used to working from home — forced to spend weeks cramped inside their rented two-bedroom apartment. To spice it up even more you might add some homeschooling kids and pets to the picture. This might have changed your calculation, right? There you are, living the big-city-life all happy, and then a pandemic knocks on the door and you start to think. The reasons you are there, why you are willing to sacrifice all the basic sort of life benefits that a lot of people have is for the art, the culture, the diversity, the neighborhood. And now, without that, what do you have? You are stacked in a box.
Lifelong metropolitans relocate to lifestyle-rich regions
How working remotely shape the flow
Another pre-pandemic trend is intensifying: the rise in working remotely. That could play an even bigger role now, as millennials were already increasingly turning to smaller cities and places on the periphery because they’d largely been priced out of buying in big cities. Now that the pandemic provided and encouraged another option like remote work, people can make new, different decisions. Job and home used to be tied together and we’re learning they might not have to be.
Why choose Malta as your base to work from home
Malta from a lifestyle perspective
With superbly sunny weather, attractive beaches, a thriving nightlife and 7,000 years of intriguing history, there is a great deal to see and do. Malta is the largest island and the cultural, commercial and administrative centre. Even city lover artists and musicians can feel inspired here. On the other hand, Gozo is the second largest island and is more rural, characteristic of countryside, tourism, crafts and agriculture. Malta makes multi-racial, multi-ethnic families feel welcomed. It provides safety that you really can’t get anywhere else. Affordable island-life with standards. For these reasons and so many more, Malta will always be a good choice to move to.
Malta from business perspective
At a strategic crossroad between Europe and Africa being within three hours direct flight from other European financial centres, Malta is a member state of the European Union, part of the Eurozone and the Schengen area. It has an educated, dedicated and multi-lingual workforce and incentives to attract foreign professionals. All that accompanied with political stability, solid and reliable Maltese banks and an extremely favourable tax system.
How can M.Meilak & Associates help you:
Whether it is getting residence permits or setting up of companies, Mr Malcolm Mejlaq is a specialist in expat taxes and is licensed to assist in delivering a tailor-made solution to optimise your tax position bearing in mind your current situation and needs. We can act as introducers to local banks and manage all necessary compliance with local legislation. Whether you set up as a sole trader or as a company, we got you covered.
We still haven’t convinced you to move to Malta? If you would love to have some plain examples with a hypothetical calculation, feel free to contact us.