9. Malta

Are you looking for a sunny, Mediterranean place to retire to but you’re too worried about language barriers? Look no further than Malta, where the second official language (after Maltese) in is English.

Health care costs pennies compared to the U.S. In fact, you’ll need to pay around $115 for private health insurance coverage in order to access the system. But keep in mind that if you have any chronic health conditions those prices might go up.

Here you’ll find a surprisingly unique mixture of colonial and prehistoric history as well as architecture. Renting a one-bedroom apartment on the island of Gozo costs around $650 per month, even less.

How to retire in Malta

Both self-employed seniors and retirees can get renewable, one-year visas. You can start by visiting the country for 90 days to get accustomed to the culture, something we recommend you do for all of these retirement destinations anyway. After you first extend your stay for another three months you can start the application process for a resident visa.

Married couples need at least $32,000 in the bank while singles only need $26,500. Furthermore, proof of health insurance, a rental contract, or proof of a mortgage is a must. You will also need a clean record.

Finally, you will be required to file a Maltese tax return while also following the maximum tax requirements.