Steeped in history and tradition, the citation said, these small islands
(Malta and Gozo), with near-perfect climates year-round, offer a simple,
relaxed lifestyle, an affordable cost of living, and permanent foreign
residents can take advantage of a 15 per cent tax rate. Plus, property
taxes donít exist in Malta, and crime too is practically non-existent.
International Living has just compiled its Global Retirement Index for
2006, which lists the most popular overseas destinations for retirees.
Its criteria is strict and takes into account the following: real estate
prices, special benefits for retirees, cost of living, safety and
stability, health care, climate, culture and entertainment, and
Topping the list, for the sixth year in a row, is Panama, which boasts
beautiful landscapes, warm weather and a low cost of living that enables
retirees to make the most of their retirement.
Malta is followed by New Zealand, Uruguay, Mexico, France, Romania,
Argentina, Malaysia, and Ecuador.
[Source: The Malta
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