Living And Working In Malta
If you're planning to work or live in this Mediterranean paradise of an island, this post is for you. You can find here insights about Malta's employment options, cost of living, and culture.
Whether you're a student, professional, entrepreneur, or traveler, Malta is a suitable place to live and build a career or business. If you're planning to work or live in this Mediterranean paradise of an island, this post is for you. You can find here insights about Malta's employment options, cost of living, and culture.
Employment Opportunities
The consistent growth of Malta's economy brought a wealth of employment opportunities for locals and foreigners alike.
Yes, there's been an increase in the number of unemployed people in Malta following the Covid-19 outbreak. But the country's unemployment rate, which is projected to reach 5% in 2020, is still among the lowest in Europe. Thanks to Malta's robust ICT-driven projects and companies, the country's economy remains strong. An abundance of tech-related and research-based jobs can still be expected. Doctors, lawyers, pilots, bank managers, and marketing directors are some of the highest-paid professionals in Malta.
Are you ready to start your career here? Browse the latest jobs on Vacancycentre.com, one of the leading job search portals in Malta.Business Options
Malta's favourable corporate tax rate is what attracts many foreign investors and entrepreneurs into doing business in the country. The Mediterranean paradise has long been considered one of the tax haven countries in the Eurozone. The country also has a plethora of business options, the most lucrative of which are in the ICT, financial services, tourism, and generic pharmaceutical sectors.
There's also a wide range of commercial property types and contracts entrepreneurs can leverage. Although you can start your company anywhere in Malta, experts suggest that it's best to build it in the prime locations in the country, such as Sliema, Gzira, and Hamrun.
When it comes to running a company, foreign business owners are highly advised to work closely with consultants. That way, they'll know Malta's corporate tax system features and be more efficient in their financial planning strategies. Government support, grants, and funding are also available.Quality and Cost of Living
Digital nomads, entrepreneurs, and students have chosen to live and work in Malta because of the country's affordable cost of living. As you prepare to live, study, or do business here, take note of the following rates:
Rent – €700 to €1500
Utilities – €150 to €200
Fares – €1.50 to €3 per way
Mid-range restaurant meal – €40 for two people
Local beer – €2
Movie ticket – €7
A one-time visit to the doctor – €15
Groceries – €200 (local products) to €400 (imported and packaged goods)
These rates are relatively lower than those in Malta's neighboring countries. Those planning to stay here for a longer time could also apply for latest jobs on Vacancycentre.com to fund their stay.
Considering that it's a pretty small country, you can also move around easily. There's a wealth of tourist destinations to visit, be it in Malta and its sister islands Gozo and Comino. Local cuisine is delectable and affordable. And most importantly, Malta is a very safe country to live without any recorded terrorist attacks in the recent past.Culture and Community Life
Malta is a predominantly Catholic country. Thanks to St. Paul the Apostle who brought the religion to Malta around 60 A.D. The Maltese celebrate village feasts in honour of their patron saints. And they welcome locals and foreigners alike in the events and festivities.
Although the country is predominantly Catholic, the Maltese culture is diverse. Being at the heart of the Mediterranean and a strategic stopover of many European travel routes, Malta's rich culture has influences from other countries. As you tour around, you can find traces of the Ancient Phoenician, Roman, British, French, and Arab culture in the architecture, art, music, and food.
Malta's strategic location also makes it a perfect starting point for many European destinations. Sicily is approximately 100 minutes away via ferry. Munich, Barcelona, Athens, and Rome are two hours away by air. Tel Aviv, Paris, Cairo, and London are more or less 3 hours away by air.
Also, you can enjoy a 23°C sunny weather year-round, which means every day is a perfect day to hit the beach.
Malta is a perfect destination to live or work, whether you're in for a short-term or long-term stay. Here you'll find yourself marvelling at the natural sceneries that are as alluring as the country's jovial people and thriving economy.
This is an exhaustive write up by the author about living and working in Malta where still a good job vacancy exists for the foreign persons. Malta is having a good economy and there are some areas where there is a demand of professionals. Some of these areas are Accountancy, iGaming arena, IT area in general, web and graphic designing etc. Those who have interest and proficiency in these niche areas can definitely take advantage of the job market in Malta. It is a small archipelago located about 50 miles south of Sicily in the Mediterranean. Location wise also the place is at comfortable distance from the nearby countries and one can have various site seeing programs in the nearby countries while staying in Malta.
Another interesting thing about Malta is that if an outside student goes there for study then after completing initial 90 days he can apply for a part time job up to 20 hours per week which can fetch a good amount of part time earned money to him.
Average salaries in Malta are around Euro 1500 per month. Experts and professionals can earn much more even 5-6 times of that. The minimum wages are about Euro 700 a month. If a person goes for a sharing accommodation and self cooking and self cleaning then one can manage there even in Euro 1000 to 1200 per month as provisions are cheaper in Malta.