MALTA
Malta is a great option for those with significant capital and/or a significant pension. Many baby boomers will be able to meet this asset requirment level (about half a million US dollars) and for those that do, Malta really has a lot to offer as retirement destination. There is also a requirment to buy a house or apartment at specified minimum cost levels.
Malta offers:
- Formal program from the government leading to permanent residence status
- Tax benefits
- Wonderful Mediterranean climate
- Location close to mainland Europe for regional travel
- Island living surrounded by historic architecture
- European cuisine
- First world living standard
- English is widely spoken
One possible downside is that Malta will be changing from the Maltese Lira to the Euro in 2008. In other Mediterranean countries that have changed to the Euro, living costs have gone up.
Malta is popular with retiring Europeans and retired Americans will be thin on the ground, but that shouldn't be a deterrent to Americans interested in the features Malta offers.
Have a look at this website for more information: