About Malta

Image of Malta

Malta is a modern country with a history which takes us back 7000 years. With an open market economy and European currency, Malta has a low inflation and enjoys a high standard of living at a relatively low cost.

Malta’s picturesque charm and historic appeal enhanced by its strategic position in the heart of the Mediterranean makes the island a remarkable touristic destination, offering modern five star hotels and numerous beaches. The climate of the Maltese islands is typical Mediterranean, characterized by mild wet winters and long dry summers. The average temperature throughout the year is pleasant varying from 12°C in January to 30°C in July and August.

Malta - Marsaxlokk Fishing Village 02 by Vanicsek Péter_0Malta is an independent republic and a member of the British Commonwealth. Since the mid-eighties Malta has transformed itself into freight transshipment hub and a first class financial centre with reciprocal insurance and investment legislature regulations. Malta boasts an independent Financial Services Authority based on the British system. The islands have a hi-tech manufacturing sector and at present are working on an advanced system of e-government, aimed at creating the first e-government state supported by one of the world’s first fully digital telecommunications network.

Image of Malta

Malta became a member state of the European Union on 1st May 2004. Malta paced to reap the benefits from EU accessions and embarked on a path of rapid growth. Its human capital and geographical location place it in a favorable position in this regard. Corporate law in Malta is in full conformity with European requirements; accounting and auditing standards are based on international accounting standards.


Ben Estates Ltd offers its prestigious clients a variety of real estate services including Residential Sales/ Lettings, Sites/ Plots for developments, Commercial Letting/ Sales, Property Valuation, Property Management and more…


As a matter of policy the government of Malta encourages non–Maltese residents to purchase property for use as a residence or holiday home. In this regard, successive Governments have implemented schemes which make Malta an attractive destination. Financial advantages of owning a property and /or taking up residence in Malta include the following:

  • Property in Malta is exceptionally good value for money and residents enjoy a relatively low cost of living.
  • There are no property rates or taxes in Malta.
  • Malta has a Double taxation Agreement with most western countries and these generally ensure that a move to Malta results in tax advantages. Pensions are freely transferable to Malta.
  • Besides there Double Taxation Agreements, there are reciprocal Health Agreements with a number of countries resulting in treatment at nominal cost.
  • Residency requirements are modest and offer appreciable tax advantages.
  • There is a sizeable community of foreign residents who are warmly welcomed by the Maltese people, most of whom speak English. Integration in the local, social and cultural scene is easy.
  • Death duties have been abolished with effect from 24th November 1992, however, on immovable property, a transmission tax of 5% is payable by the estate on the share of the deceased. Some exemptions may apply.