The Maltese Nomad Residency Permit and the Economic Incentive for Visitors 

Without any doubt, one of the perfect vacations you may imagine starts with a sunset in the Mediterranean Sea with a bottle of the finest wine in your hand. In Malta, this is perfectly possible for your next vacation as this country is not only having one of the highest vaccination rates in the world, also is offering several incentives to the visitors that arrive in the country; for this reason, it is considered one of the best places to travel in 2021.

With this being said, the country has reopened its borders to and welcome vaccinated visitors but this is not only a positive sign for the tourism sector, Malta´s reopening is also aiming to catch the attention of skilled remote workers who may apply to their Nomad Residence permit program.

The program allows the visitors to maintain their current job in a different country and still legally living in Malta for a complete year and the opportunity to extend the permit; the only requirement is to prove that the applicant can work remotely and earn the equivalent of USD3000.

The Nomad Residency Permit will attract digital nomads for different regions of the world and will also accept individuals from third countries that would need a visa in normal circumstances to enter the Maltese territory. The program already hosts nomads from the European Union. 

The above-mentioned program undoubtedly represents an important incentive for people who visit the country, but that is just the beginning as the government also presented the “Free Independent Traveler Scheme” that allow certain registered hotels to provide to their guests who stay for three days or more than USD200 in incentive, that can even be used to pay the room where they are staying. This is possible through an alliance between the government and the private sector.

The world started its recovery and now it is possible to see how borders are reopening and the world reconnecting. With this being the case, the mighty response of Malta to the Pandemic makes it the perfect place to visit these days, with the natural beauties, the cultural exchange, the history, and all the things the ancient continent has to offer, you have to schedule Malta in the calendar for your next vacations, and if you want to know more about this country you can contact us here at Mundo. 

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The Igaming and Technology for the Maltese Future 

Malta has certainly reported one of the most important recoveries from the pandemic worldwide. This can be attributed to their mighty response of the authorities that made this country have the highest vaccination rate in Europe alongside Portugal, and of course, one of the perfect destinations for doing business in 2021.

As an example, The Sigma Europe 2021 Festival, of the largest igaming festivals in the world will be held in Malta for the seventh year in a row and welcome more than 600 investors interested in the field of Artificial Intelligence, blockchain, the internet, quantum tech, and other emerging technologies. This convention will gather different sectors that will seek to shape the economy and industry soon.

The authorities of the country were also optimistic for the outcome of the festival in the country, according to the minister for economy and Industry Silvio Schembri the people may already witness the implementation of several economic strategies in the igaming, video game development, esports, crypto, and others important sectors that are contributing with the diversification of the local economy.

In conclusion, the Minister established that more than 250 jobs have been created in the gaming sector showing that the country is returning to normal life before the pandemic and is ready to go even beyond the expectation to create at least 2.500 jobs by 2030.

Malta has proved its capacity to adapt to different challenges and get along with the new trends in the business world. Undoubtedly, it’s necessary to keep an eye on this Mediterranean nation that despite being a small country will become a powerhouse in the future. If you want to know more about this country, you can contact us here at Mundo. 

Malta Wants to Strengthen Commercial Relations Through the World Trade Organization 

According to the European Union, the most important sectors in the Maltese economy were wholesale, retail, transport. Accommodation, food services, and others. The trade with the European Union represents 57% of the exports and 72% of the imports, however, the Minister for Economy and Industry Silvio Schembri established during the EU Foreign Affairs Council on trade and Business the desire to strengthen the trade relations among all the members of the World Trade Organization and also the necessity of improving the commercial relationship between the EU and the United States.

For this reason, Malta was among the Member States that called for progress to complete the negotiations for the Free Trade Agreement negotiations with countries such as New Zealand and Chile as they consider this would have a positive impact on the regional economy.

In addition, the countries also addressed the upcoming 12th WTO Ministerial Conference that will be held this month in Geneva where a work program that covers the reform of the “organization´s holistic operation” will be discussed.

The minister also tackled the issues related to e-commerce and discussed the facilitation of systems for investment in e-payments, e-contracts, e-signatures, and other technology sectors including data flow and business trust. If you want to know more about business opportunities in Malta you can contact us here at Mundo.