Of all ages and social categories, many people come to live in Malta for a shorter or longer period of time. But why do these people choose to settle and live in Malta? My Little Malta has some ideas!

While the sunshine and mild winters make this country a good choice, there are many other advantages offered by the popular archipelago of Malta.

1. Moving to Malta for a better quality of life

The climate

We know that the sun is a good mood factor, so what better way to enjoy its favorable climate than to come and live in Malta?

The average temperature in winter is around 15° C, the mercury can quite easily exceed 30°C in the middle of summer. As for the water temperature, on average 20°C, it exceeds 27°C in summer.

Housing

Being very popular, Sliema, Saint Julian’s and Valletta are the cities where the cost of living is the most expensive compared to the rest of the archipelago. However, it is still quite affordable compared to the big cities in Europe.

Moreover, by moving away from the center, it is quite possible to settle in a beautiful modern apartment with garden at a very reasonable price.

To live in a one-bedroom apartment in the city center, you need to spend an average of 550 euros compared to 372 euros if you choose to move away from the city.

For the acquisition of a property, count approximately 2356 euros per square meter in the city center against 1483 in the more remote cities.

The food

As for food, it is easy to spend reasonably, it will depend on your buying habits. To spend less without depriving yourself, it is best to favor local products and supermarkets. Smaller grocery stores are generally more expensive.

Shopping

As far as shopping is concerned, you won’t be surprised since prices are similar to those in Europe.

For a wide range of free or paid activities, you can read a complete article on our site here.
To discover all the facets of Malta, you can find many excursions, visits and activities in Malta and Gozo: history and culture, leisure, sports and adventure. Read more here.

The health

If you decide to move to Malta, don’t worry about the health care system. Indeed, the archipelago has been recognized by the World Health Organization for the quality of its medical care.

The prices here remain reasonable, you should count about 15 euros for a routine visit to the doctor and about 40 euros for a visit to the dentist.

Education

For education, if you opt for a private school, expect to pay quite a bit. Tuition fees can easily exceed
5,000 euros, depending on the school and level. On the other hand, there are obviously very good public schools.

2. Settling and living in Malta for your retirement

Many people end up fleeing the greyness of the Nordic countries to spend their retirement in the sun. This is particularly true for the English, Germans and Swedes. They are particularly fond of the island of Gozo where they usually live in farmhouses. These old renovated farmhouses generally offer a pleasant comfort. What better way to live well in retirement?

On the tax side, since 2012 there is a program for pensioners from the EU, EEA and Switzerland living in Malta. Members of this program are taxed at 15% on all income not arising from but received in Malta. This advantageous tax is applied on condition that you have a minimum tax of 7500 euros per year plus 500 euros per dependent. Certain conditions are required to obtain this program and the membership fee is 2500 euros. Source : Malte Conseils

3. Settling and living in Malta for an internship

Every year, many students come to live in Malta for several months in order to do an internship. When you want to practice or improve your English, Malta is the right place to go. The cost of living is less expensive than in England, the United States or Canada. In addition, Malta is a member of the EU. No need to obtain a visa, which is not negligible considering the cost of visas for North America.

4. Settling and living in Malta as a freelancer

In Malta, the income tax rate is much lower than in other European countries. For information, the income tax rate varies between 15% and 35% in Malta, compared with 14% and 45% in France, for example. This low tax rate is particularly applicable for self-employed persons living in Malta with a Freelance status. All this is possible thanks to the double taxation agreements that Malta has signed with 67 countries. You can therefore choose to be taxed in Malta even if your income is generated elsewhere.

5. Moving to Malta to start a business or work in e-gaming

The online gaming sector is the most dynamic sector on the island, and also the fastest growing.

In view of this expansion, an authority was created to regulate all forms of gambling on the island, including remote gambling. Since 2004, Malta has been the first country in the EU to regulate the online gaming sector. Here, any person wishing to practice in this field must be licensed by the LGA. This online gaming license is valid for a period of 5 years. It can be renewed subject to the payment of the renewal fee, which is 1165 euros to date. A license already acquired may be suspended, revoked or even cancelled for legal reasons. Obtaining this license grants advantages such as a low tax rate.

Moving to Malta and living there is a great idea! No matter why you want to do it, Malta is an open and beneficial territory for everyone.

First of all, why create your company in Malta?

Indeed, in addition to an exceptional living environment, Malta offers many advantages to encourage entrepreneurs to set up there: an international entrepreneurial environment, simplified procedures, a low rate of charges, tax advantages and a geographical proximity to many capitals in Europe and North Africa. Malta also has one of the strongest banking systems in the world and is on the European white list.

At this stage of your project to set up a business in Malta, you have a lot of questions and you want simple, precise answers. My Little Malta has investigated for you and found the answers to your questions:

1. What are the steps involved in setting up a business in Malta?

To create a company with every chance of success requires a methodical approach that respects chronological steps. Thus, there are three important phases:

Prepare an Executive Summary of your project

During the various stages of setting up a business in Malta, you will be asked to provide precise information on the nature of your project.

This information will help your contact person to propose the best solutions in terms of structure and statutes and will also provide him/her with the information necessary to carry out the preliminary study required by Maltese law (Due Diligience).

The more detailed your Executive Summary is, the more it will save you time and help your interlocutors to bring you optimal solutions. This document of a few pages may contain the following information:

1. Summary of the project
2. Customer problem and proposed solution (products, services)
3. Competitive advantage
4. Market
5. Distribution channels
6. Investments
7. Expected CA

In order to carry out his due diligence, your Maltese lawyer will ask you for information about your professional background and the origin of the funds invested in the project.

Validate the feasibility of your project in Malta

The choice of Malta as a business location can be motivated by various reasons, including

• Tax benefits
• A privileged sector of activity in Malta: online games, blockchain, digital economy, aviation, etc.
• Geographic location and use of English as an official language
• The living environment

One reads everything and its opposite on the Internet. That is why, before embarking on a business creation, it would be necessary to validate if :

• The activity requires a specific license
• My company can benefit from the advantages offered by Malta
• The structure is optimized from a legal and tax point of view
• Local banks agree to open a bank account for my business

Our advice:

The validation of these points beforehand is essential to avoid incurring creation, maintenance and sometimes liquidation costs. Some unscrupulous firms will paint you a rosy picture and forget to tell you some crucial details to make you want to start a business in Malta. Turning back the clock could be very costly in terms of energy and associated costs.

Incorporate a company in Malta

Incorporating a company in Malta can be quite easy and quick: 10 to 15 days on average to gather the necessary paperwork and complete the necessary procedures.

However, it is advisable to go through a specialized firm to get advice and assistance in these steps. Indeed, the documents are written in English in a legal language that is not accessible to everyone. A specialist could give you the benefit of his experience to understand everything and help you make informed decisions.

Here are the main steps to register your company in Malta:

• Deposit of the capital on a CIF Account (Company in Formation Account), it is a bank account of waiting to obtain a proof of the deposit of the capital of a minimum of 1164.69€ from the bank.
• Drafting and filing of the ” Memorandum of association and articles of association ” M&A.
• Reservation and registration of your company name with the Registrar of Companies.
• Opening a bank account
• Registration with the Inland Revenue Departmentto obtain the TIN and VAT number.
• Obtaining a business permit or license by applying to the Trade Services Directorate or Business First.
• Register as an employer with ETC (Employment and Training Corporation) and obtain a PE number.

2. How much does it cost to start a business in Malta?

In this section, we give averages. It is important to know that prices vary greatly between different firms. At the end of this paragraph, we will give you some tips on how to make the right choice.

Enterprise creation fee in Malta :

• Preliminary advice and validation of the project parameters in terms of license, legal structure and various advantages: between 400€ and 800€.
• Incorporation of a company: 1200€ to 2500€ depending on the complexity of the structure, the number of shareholders and the firm chosen
• Assistance in opening a bank account: 500€ to 800€.
• Tax registration and obtaining a VAT number: 600€ to 1000€ (it is not always necessary to obtain a VAT number)

Annual business maintenance fee in Malta:

• Domiciliation and basic secretarial services: 1200€ to 1800€.
• Accounting and 4 VAT returns: 1600€ to 2400€.
• Audit (annual balance sheet) and tax return: 600€ to 1200€.

Our advice:

Not all firms offer pre-consultation, but we recommend that you ask for it in order to commit your provider and avoid any disappointment

Prepare a standard document to request accurate and complete quotes that include all the services you need

When you receive your different quotes, make a detailed chart of the different costs to compare what is comparable. Indeed, fees for the creation of a company at 800€ can hide many surprises later on.

3. Does the entrepreneur have to reside in Malta?

It is not necessary to be resident in Malta to set up a business in Malta.

4. Are there many differences between Malta and other European countries?

From a methodological point of view, there are no fundamental differences. However, if your project is aimed at the Maltese market, you should not neglect cultural differences, consumer habits and the understanding of the local economic fabric. Malta remains a European country and these differences are not so important compared to what one can find in the Middle East or in Asia.

It is advisable to immerse yourself in the local culture, join professional groups and talk with other local entrepreneurs to avoid making mistakes that could negatively impact your business performance. On the other hand, if your project requires confidentiality, it is preferable to be advised by specialists bound by professional secrecy.

5. We often talk about the tax advantages of Malta, can you tell us more?

Like any other country, Malta encourages foreign investment in its territory. This depends on the nature of the project, the potential jobs created and the sector of activity. Industries, online gaming and technological innovations are among the sectors clearly supported by the Maltese government.

But in general, any foreign investor can benefit, under certain conditions, from important advantages. Indeed, it is quite possible to have an effective tax rate of 5% for companies owned by foreign shareholders.

On top of that, the employer’s tax rate is 10%, which is quite low compared to other European economies.

For industrial projects, the Maltese government encourages entrepreneurs by offering significant tax reductions, tax breaks and industrial premises at competitive rates.

6. Can you recommend some specialized firms?

Your accountant and your lawyer will accompany you throughout your project. It is important that you choose them according to your own criteria. A lawyer who is suitable for me may not be suitable for you.

You can ask your friends or other entrepreneurs for advice, but I advise you to meet with several advisors and make up your own mind.

7. What advice do you have for young entrepreneurs interested in Malta?

Starting a business is an extraordinary adventure and very rich in professional and personal lessons.

Doing it in an English-speaking and eclectic country like Malta, brings a “plus” to this beautiful experience.

But creating a company is also a risky adventure that requires in-depth reflection, good preparation and sustained, methodological work.

It is therefore necessary to be prepared, to surround oneself and to enter into professional networks of entrepreneurs to learn from their experience, to share their own thoughts and to test their ideas in order to make their project evolve according to the new data that will appear as the project progresses your business creation.

I would also like to say that the preparation work is essential in order to benefit from all the advantages that the archipelago of Malta offers. To give your project the best possible chance of success, it’s important to find out all you can about support structures, available grants and optimal legal structures.

Going to live in Malta is not something you can improvise! First of all, there are some formalities, you have to leave your job, to be able to find a new one on the spot, and also find an accommodation (because despite the sun, it is not very comfortable to sleep in a tent). However, it is far from impossible! TheMaltese real estate market is flourishing and consequently, everyone can find the right property.

Rent an accommodation in Malta, to see on site

First of all, you should know that when it comes to accommodation, it is not essential to find it before your arrival on the island. The most practical thing is to come for a week in order to find the property that suits you and to be sure that it is in good condition. By using an agency, directly upon your arrival, you will be able to find an immediately available accommodation and thereforemove in immediately. In fact, therental property marketis just-in-time, meaning that there is little or no advance notice, and consequently offers of properties are visible at very short notice. Be careful, it is not uncommon to see in some real estate agencies, ads that are no longer for rent for a long time. Their objective is to attract requests in order to propose the properties that are really vacant . Hence the interest of having a reliable partner in real estate when you arrive on the island.

In general, the rental market offers mostly furnished properties for six months or more. For this type of accommodation, known as “long term”, you don’t need to put together an extensive file. In Malta, all you have to pay is :

• One month deposit, refundable at the end of the lease
• one month’s rent, which is usually paid at the beginning of the month
• very often, a forecast of the charges between 75 and 150€ per month with an adjustment every three months according to the real consumption (water, electricity)

The agency fee represents one month’s rent shared between the tenant and the owner.

Also to know: Some owners offer their accommodation withinternet access included (rare).

Here are some vocabulary words that are useful to know:

• Tenant = tenant
• Landlord, Owner = owner
• Deposit = Deposit, rental guarantee
• Expenses = charges
• Lease agreement = contract of lease

Buying a property, a story of patience and reflection

Don’t rush: if the rental market is vast, albeit tense, there is a plethora of real estate available for purchase, but you must target the type of property and the location chosen. As for the property itself, the growing economy has caused the number of new real estate projects to explode. Concerning the old, there are business to realize and very beautiful residences to be renovated. There are also a number of properties already renovated and ready to move into. The trick is to know how to find them.

First of all, you should know that as aEuropean, you have the same rights as a Maltese. You can therefore buy a property to live in, as a second home or to rent it out in the same way as a Maltese. Here is the information you will need for each case.

1. You wish to buy a ^first residence in Malta (first-time buyer). If you do not own any other residence purchased or inherited, whether in Malta or elsewhere, the Stamp Duty will be 0% on the first €150,000 and 5% on the rest.
2. You want to buy a vacation home in Malta – Holiday Invest. The Stamp Duty will be 5% on the total price of the property. If you wish to rent this property, you should know that the profitability of investments is currently estimated at 5 to 6%. The most profitable area is Sliema, St Julian’s, Swieqi and Gzira. Then come the cities of Bugibba, Qwara, Mellieha and finally, more in the center of the island, Naxxar and Mosta.

When you are looking to buy a property, a 10% deposit is left with the notary until the final signature. The promise to sell lasts around 3 months, during which time you’ll need to have advanced at least 1/5th of the Stamp Duty for the promise to sell to be registered with the government.

Last but not least, in Malta, there is no property tax.

Real estate credit in Malta

If you wish to obtain a mortgage in Malta, you must have worked for at least one year in Malta. In this case, you could get up to 90% of the value of the property if your objective is to buy a residence in Malta and up to 65% if it is for a “buy to let” investment. That’s why it’s better, in the first instance, when you move to Malta, to rent a property. Moreover, if you are not a Maltese resident, it is not easy to obtain a loan because you need to have assets to pledge as security to the bank.

Malta real estate tips

Most foreign customers prefer to work with a real estate agent who is able to understand and communicate appropriately. Indeed, it is so much more reassuring to understand each other on such an important subject.

Malte Conseils Immobilier is a real estate agency with a dedicated multilingual team. It helps you find the property you are looking for. Whether you are looking for a house, an apartment, a villa or a commercial space, a specialized agent can help you find what you need.

Experts in expatriation (having already experienced it), the team knows that it is not always easy to know where to start when you want to change country and especially to find an accommodation in your future place of life.

Do not hesitate to contact them to realize your real estate projects in Malta! They will help you and advise you at best.

The reasons for moving or investing in Malta can be very diverse: the English language, the lifestyle, the climate, the cost of living, the paradisiacal beaches, professional opportunities in sectors less developed elsewhere such as e-gaming… To all these reasons (a non-exhaustive list of course!) we can also add the good economic situation of the country, the absence of ISF, property tax, housing tax, the high return in case of rental investment and also, quite simply, the simplicity of the procedures for acquiring property.

For all these reasons, more and more foreigners decide to invest in real estate in Malta, whether it is a primary or secondary residence, or as a rental investment. To give you some pointers, My Little Malta and Global Cleanliness Guide explain the reasons for this phenomenon and break down the various possible cases.

Investing in Malta as a foreign national

Expatriates like to invest in Malta in cities such as Sliema, St. Louis JuliansGzira and Swieqi. Some have a preference for more quiet and greenery and are looking for a farmhouse in Gozo

The three cities are also sought after by some expatriates. A little further away from the economic heart of Malta, the atmosphere is more authentic and the prices are more affordable.

Given the significant increase in prices in popular areas, the offer in the north and south of the island is increasingly appealing to those looking for a permanent residence or a second home without seeking to realize a high capital gain on resale.

Throughout Malta and Gozo, Europeans can buy a primary residence and several properties for rental investment.

For non-Europeans, there are certain areas in which it is possible to buy and invest. These are the famous “specially designated areas” of which there are about fifteen, including Tigne Point, Portomaso, Cottoenra and Chambray.

What returns can we expect?

The average price of a square meter in tourist or densely populated areas is around 4,000€, and this price continues to rise.

The average rate of return for rental investment is 4.4%, which is a national average. This rate is much higher in the above-mentioned popular areas for expatriates.

Also note: Maltese laws are mostly ” pro-landlord ” which means that in case of litigation, the laws will be in favor of the landlord and not the tenant. Last but not least, rents and rent increases can be freely negotiated by both parties of the contract.

The costs of a purchase in Malta

Malta’s purchasing costs are considered to be in the “ moderate ” category compared to other countries in the world

– The basic taxes for any transaction in Malta are as follows:

– Stamp duties (transfer fees) which vary between 0% and 5% with some possibilities of partial or total exemption depending on the profile of the buyer.

– The real estate agency’s commission is charged to the seller. This varies between 1% and 5%.

Do not forget the notary fees of about 1% to 2% of the purchase amount.

Taxes related to owning property in Malta

The costs of owning a property in Malta are considered to be in the ” moderate to high ” category

– Net rental income is taxed at 15%, except in special cases of exemption.

– No capital gains tax on inheritance

For the seller, there is still a tax at the time of sale that varies between 0% and 5% of the value of the property. For rental property investments, this rate can reach 8%.

Our partner Malta Advice has just published a full article on the new law in force in Malta to regulate the rental of private residential accommodation. Here you will find all the information you need to know, the most important of which we present to you.

Please note that leases entered into before June 1 1995 and contracts for property leased exclusively for tourism purposes, as a secondary residence or as a vacation home are not concerned.

Here are the key points to remember and respect:

Obligation to register leases

From now on, all short and long-term residential rental agreements must be registered, for a fee, with the Housing Authority within 30 days of the commencement of the rental agreement or they will be considered null and void.

They must also include certain information, such as the duration of the lease, the amount of the security deposit and an inventory of fixtures.

The Chairman of the Housing Authority also has the power to issue a demand letter if the landlord fails to register the lease, giving the landlord the opportunity to comply with the law. If the landlord nevertheless fails to register the relevant lease or makes a false declaration, this constitutes a criminal offence punishable by fines ranging from 2,500 to 10,000 euros.

The duration of leases is now regulated

Private residential leases cannot be for less than one year.

Short-term rentals must be limited to a maximum of 6 months, with no possibility of renewal. It must meet a specific need (4 possible cases) which must be duly specified in the lease and proof must be provided.

Rules for notice and lease cancellation

The long-term rental contract ends at the end of the agreed period, provided that the landlord notifies the tenant at least three months in advance by registered letter. If not, the lease will be renewed for a period of one year.

For one-year leases, the tenant has the right to terminate the contract after 2 months with a one month notice. For contracts of 2 years and over plus, the notice period is doubled. The tenant is obliged to withdraw from the lease by registered letter.

In the case of a short-term rental, the tenant can terminate his or her lease after one month – without loss of deposit – to provided that the owner is notified one week in advance by letter recommended.

Payment and increase of rent

Unless otherwise agreed, the rent will be paid on a monthly basis and the owner will not be able to demand the payment of any of more than one month’s rent. The owner shall also provide the tenant a rent receipt.

The rent can only be increased if a clause in the lease so provides.

Financial incentive for lessors

In order to encourage landlords to rent out their homes for the minimum period of one year, the Maltese government has introduced a tax incentive system into the law. For example, funders renting a one-bedroom apartment for two years will benefit from a tax credit of 200 €.

Prohibited clauses

In addition, the law prohibits the inclusion of certain clauses which, if included in the contract, would be considered to be without effect. They include, for example, automatic termination of the lease, the payment of compensation for the use of furniture or restrictions as to the normal use of a dwelling.

Room rental considered as a short term rental

All room rentals must have a duration of 6 months. The lease terminates at the expiration of the lease, without a notice is required. The tenant may withdraw at any time after At the end of the one-month period, with one week’s notice. These leases cannot be renewed and must be recorded in the accounts as a same as any other private residential rental agreement.

Additional rights granted to tenants

Under the new rules, it is a criminal offence for a landlord to forcibly evict a tenant from a property that the tenant occupies as a principal residence. This only applies to residential rental agreements for private accommodation and does not apply to room rentals.

Owners who violate this rule are subject to a fine ranging from 1,500 to 4,000 euros. This also applies in the case of unauthorized entry into the dwelling, removal of furniture or personal effects and suspension or interruption of water and electricity services.

No forced evictions of tenants

Tenants who fail to comply with the provisions of the contract, including the payment of their monthly rents, cannot be used to be forcibly evicted by their landlord. The same applies to tenants who continue to occupy their rental unit beyond the agreed duration.

In this case, the lessor must bring the matter before the competent bodies. The tenant will nevertheless be required to pay the the landlord an amount equal to the rent until the landlord vacates the property.

A beneficial geographical location within Europe

In the heart of the Mediterranean, Malta is a local destination, easily accessible from the main European capitals (3 hours by plane maximum). The island remains close to its European neighbors thanks to excellent air (international airport) and sea connections (1.5 hours from Sicily at high speed).

An open and safe country

A study on crime and quality of life regularly ranks the island among the safest countries in the world, which is a significant asset.

A high quality of life

According to several major international studies, the Republic of Malta is a country with one of the best qualities of life.

Easy communication with public authorities

Because Malta is a small country, there are fewer bureaucratic obstacles. There are few steps to go through which can shorten the administrative procedures.

A business-friendly regulatory framework

The Republic of Malta is very good at adapting to economic changes. This translates into a great flexibility and reactivity of the administrations and finally into a regulatory framework oriented towards companies.

Very good political and social stability

At the political level, the Republic of Malta is characterized by stable governments. It is also a country in which negotiation and dialogue are the basis for social peace, which includes, in return, progress and social justice and respect for work.

A competitive tax system

Malta has a particularly favourable tax environment for investment, thanks to the liberal policy of successive governments. The country has signed numerous agreements, including a double taxation agreement with various countries in force since 1977. The companies established in the country therefore benefit from these agreements.

A productive English-speaking workforce

Today, people from over 170 countries live on the island. Because of its geographical location, Malta has been influenced by Latin, Arab and Anglo-Saxon cultures for almost 160 years. Thanks to this, the majority of the Maltese are fluent in at least two, if not three, languages, which is a clear advantage over other countries.

Discover our article to help you know where to live in Malta.

What you need to know before buying property in Malta

First, it is necessary to ensure that you have the necessary funds to purchase a property. If this is not the case, contact a banker who will be able to guide you in this area. Indeed, the question of money is the first one asked by a real estate agent.

Then it’s time to look for your dream property. Knowing that in Malta the demand is important and that interesting properties sell quickly, to put the maximum chances on your side, be flexible with the seller. Indeed, if you are not the only one interested in the property, try to stand out by accepting the dates that are proposed to you, by arranging the seller to the maximum. This could work to your advantage.

Finally, when you have found the ideal property for you, you will need to contact a notary to carry out the necessary administrative procedures, in particular signing the preliminary sales agreement. This compromise will go until the final signature, carried out at the bank if you contract a credit, if not, at the notary. Don’t forget to keep a written record.

Buying a primary residence

You will not need a permit to purchase a residence in Malta. A dwelling is considered primary beyond 186 days per year spent on the island. These days do not have to be consecutive.

After the purchase of your first property, you will be able to buy other properties in Malta as long as you have been resident there for 5 years.

Maltese resident tax status

When becoming a homeowner in Malta, you can apply for the “Global residence program” status which was introduced in 2013.

This program allows you to be taxed at only 15% on your income. It is open to residents of the European Union and Switzerland. Other requirements to qualify for this program are to own a property in Malta from €220,000 minimum to €275,000 maximum, and finally, it must be declared as a primary residence.

The minimum tax liability for this program is 15,000€.

Retired owners in Malta

When becoming a homeowner and retired in Malta, it is possible for you to apply for the “Malta retirement programme” which was introduced in 2012.
Like the Global Residency Program, this program allows you to be taxed at only 15% on your income, however it is easier to access than the previous one.
To apply for this program, all you need to be is a resident of the European Union or Switzerland receiving a pension as a source of income.
When applying for this status, you must own a property in Malta worth at least €250,000 to €275,000, and also declare that you are in Malta as your main residence.
The minimum annual tax liability to qualify for this program is 7500€.

Find out about career opportunities in Malta in igaming, financial services, tourism or one of the island’s other growth sectors. Whether you’re an experienced professional or a recent graduate, this booming Mediterranean island offers many advantages and a growing economy. Explore the opportunities and keys to success for your career in Malta in this article.

Find a job in Malta

Whether you are looking for seasonal or permanent employment, you must first register with JOBPLUS the French equivalent of Pôle Emploi. This site publishes numerous job offers throughout the year. It also sometimes organizes free certification courses and language courses. Other offers are available on Maltapark the popular local “Bon Coin” site. A number of other sites, such as Careerjet and Jobsinmalta, can also guide you through different branches.

You will also find Facebook groups such as Malta Temp work and Malta Jobs .

Sectors recruiting in Malta

In Tourism

Malta’s main source of income is tourism, particularly language tourism. You can therefore apply for jobs at language schools that recruit regularly. But above all, focus on bars, hotels and restaurants, travel agencies and real estate agencies, especially during the high season. They’re very busy during the summer months and need a lot of hands!

In online betting and gaming

Another sector that recruits enormously in Malta, whatever the season: igaming and egaming. This sector encompasses poker, casinos and online betting , and pays rather well. Companies like BetClic , Betsson , Tipico … are recruiting a wide range of profiles, from customer relations to marketing and IT. Good news: they’re recruiting all year round! However, there is still a limited supply of jobs requiring French.

To find job offers in e-gaming, there are Facebook groups such as iGaming Jobs in Malta or iGaming – Malta but the most important thing in these companies is networking. Alternatively, you can contact recruitment agencies such as Konnekt, Bettingconnections or KeepMePosted They can also help you make your CV more attractive, sometimes with the assistance of a coach. Handy for first interviews in English!

Information and communications technology (ICT)

Malta has a dynamic ICT sector, with opportunities in software development, cybersecurity, data analytics, telecommunications and emerging technologies such as artificial intelligence and blockchain.

Financial Services

Malta is a booming financial center, attracting international financial services companies. Jobs are available in banking, insurance, asset management, accounting, compliance and risk management.

Health and care

Malta’s healthcare sector offers job opportunities in hospitals, clinics, retirement homes, wellness centers and home care. Health professionals such as doctors, nurses, pharmacists and therapists are in demand.

Education

Malta has a growing education sector, home to international educational establishments. Jobs in this field include teaching, school administration, supervision of international students and vocational training.

Construction and real estate

With urban development underway, Malta’s construction and real estate sector offers job opportunities for architects, engineers, construction workers, real estate agents and project management professionals.

Please note that these sectors are not exhaustive, and other job opportunities may also exist in Malta depending on market needs.

Profiles sought in Malta

There are many job opportunities, especially for European graduates.

Qualified French speakers can easily move into positions of responsibility in European companies based in Malta. However, it is essential to have a sufficient command of English to be able to join an often multicultural team.

Given that the Maltese workforce is English-speaking and sometimes low-skilled, many companies are looking for candidates for team management positions. Mastering another mother tongue has become a real asset.

Salaries in Malta

Minimum wage in Malta

The minimum wage, equivalent to the SMIC in Malta, is around €760 gross per month.

Average salary in Malta

On average, salaries in Malta are around €1,000 net. Although there are regulations laid down by the Ministry of Labor (minimum income, salary scales by profession, etc.), salaries in Malta vary widely according to position and responsibility. Some sectors, such as igaming, finance, real estate, human resources and marketing, offer higher salaries.

So it’s not impossible to find Maltese employees paid at the legal minimum hourly rate (around €5 an hour), while employees of international companies are paid double or even triple depending on their position in the company.

Administrative procedures for working in Malta

If you are in Malta for more than three months, remember to take the necessary steps to obtain your Maltese resident card. You can also open a Maltese bank account. To do this, the bank will ask you to provide proof from your bank in France that there have never been any problems linked to your financial situation.

Finally, for longer stays, don’t forget to register with the French Embassy in Valletta (or your country’s embassy, if applicable) to facilitate the process of obtaining your identity papers. Very important for elections, but also handy when your passport expires or you lose it at a party in Paceville!

Employment contracts in Malta

The employment contract in Malta provides the framework for all salaried activities, and its terms can vary depending on the position, the company and the negotiations.

The usual working week is 40 hours, but can exceed 48 hours.

The probationary period in Malta is generally longer than in France, lasting around 6 months.

Paid vacations are 25 days a year, depending on your position and negotiations.

For sick leave, you are entitled to a certain number of days’ absence due to illness, often set at 30 in contracts. For example, the first 15 days are paid at 100%, while the following 15 are paid at 50%.

Income tax in Malta

The tax status is another advantage for the workers.

Indeed, income tax is very low, with 15% of income tax levied in Malta. If you have income outside Malta, there is no tax on income earned outside the island.

With over 300 days of sunshine a year, a growing economy, a good quality of life and security, Malta is the ideal place to live or invest in real estate.

Investing in real estate in a foreign country is the result of long reflection and real knowledge of the terrain and legislation. Between the type of property and its location, prices can vary exceptionally, and sometimes, without any logic for the neophyte.

Residential properties in Malta

The houses of character

The houses of character, built more than 100 or 400 years ago, are located in the heart of typical Maltese villages. This type of property attracts a lot of people because of its incomparable architectural richness: baroque facades, rooms decorated with stone vaults, wooden beams… most of them also have the mythical Maltese “Bow Window” balcony. For coolness, the houses of character have few windows, the light is however generated by skylights or central courtyards.

Revamped to today’s tastes with very modern equipped kitchens, they are of great comfort, while having kept their authenticity.

For a smaller budget, farmhouses and terraced houses easily compete with character homes.

Secondary properties

Investing in a second home is a very common practice in Malta and Gozo. This type of housing can be chosen to spend your vacations or for family events for example. It is also possible to imagine your future retirement in the sun. This represents a very interesting property because it is affordable. Note that it is also possible to convert a second home into a short or medium term rental property when it is not occupied.

Luxury properties

For the more discerning, a range of prestigious properties are available in Malta. These properties can clearly compete with the posh Caribbean islands because the archipelago has adapted to a new clientele in search of luxury and comfort. Exceptional places, private pools, sumptuous settings, exceptional views of the sea, all this can be found in Maltese paradise places. On the island of Gozo, many luxury villas have been refurbished and adapted to the current comfort. These villas may be suitable for you if you are looking for peace and space.

The apartments

Malta and Gozo offer a wide range of apartments for all tastes and budgets. From the studio to the one or more bedroom apartment with or without sea view, close to shops, entertainment areas or on the contrary in a quiet residential area, you will inevitably find an accommodation that meets your expectations. In addition, many accommodations are available in prestigious or luxury complexes offering, for example, security, concierge service, guarded parking, individual swimming pools…

In Malta, there are apartments designed with modern architecture, which include a living room and a cool night area that is very useful for the summer nights.

However, it is very important to take into account all the information in order to guarantee a lasting investment without any surprises. Indeed, since the real estate boom of the 80s and 2000s, some buildings can now present quality defects (insufficient insulation, noise and accessibility problems…).

Investments in Malta

Rental investments

Since the last decade during which the rental market has exploded, the demand always exceeds the offer on the whole island. The North and South of the country are experiencing a large influx of nationals, which requires an increase in the number of properties available for long-term rental.

Renting is becoming more and more common. People demand freedom of mobility in their work. While some expatriates arriving in Malta, to work in online service companies, in the film industry or other lucrative professions on short term contracts (1-3 years), are looking for accommodation for this period in the best places in Malta.

In general, people considering investing in Malta, rent properties before a final move. Most of these properties are furnished.

But renting is not only for foreigners, in fact it has become common practice among Maltese.

It is therefore interesting to invest in rental properties. In addition, the government is encouraging landlords to put their available property on the market by reducing the tax rate to 15% on rental income.

New programs

The Maltese real estate market has seen a significant increase in the last few years. Despite a slight decline in 2012, this increase was also very significant in the early 2000s. According to a study conducted in 2022, as for 60% of Europeans, stone remains a safe value in Malta. Thanks to numerous incentives (tax credits for first-time buyers, waiving of inheritance fees, etc.), the government is stimulating and boosting the local market for both old and new properties.

Professional real estate in Malta

Commercial premises

When you want to invest in real estate, you should know that commercial and retail properties yield two to three times more than rental properties, which makes this type of investment more interesting. In addition, unpaid bills are less frequent, the investor will sign a long-term lease and will have a lasting relationship with his professional tenants.

The Offices

Thanks to its cheap labor and its intrinsic advantages, the economic attractiveness of the archipelago is no longer to be proven in Europe among companies. Indeed, many international companies and investors wish to establish themselves there, and this more and more over time. The return on investment is therefore faster than elsewhere, especially when it comes to offices or business centers with a view of the sea, parking lots, shops and services nearby … So, if you want to invest in offices, choose a strategic location, well served and close to all amenities, it will ensure high rents and sustainable.

The boutique-hotels

The term “boutique hotel” was first used in North America and the United Kingdom. It refers to a small hotel with generally between ten and forty rooms. Boutique hotels are charming hotels offering high-end services, which attract more and more Western tourists looking for an intimate setting.

Thanks to the tourism boom in Malta and its continuous growth since 2000, more and more European investors are convinced by this type of real estate which offers very quick returns on investment.

The main regions of the archipelago where it is possible to live are: the northwest coast, the center, the eastern region, Valletta and the three cities, the southeast coast and finally the island of Gozo.

Living in the north of Malta.

In summer, many Maltese come to live in the north of the island. Indeed, offering exceptional views of Comino and Gozo, this rocky and rugged coastline represents an idyllic place to live. The resorts of Bugibba and Qawra are very popular for their affordable prices compared to other parts of Malta. The walk along the sea as well as the small village of St Paul’s Bay and its elusive view of St Paul’s Island make the charm of these seaside resorts.

The largest sandy beach in Malta can be found further north at Mellieha. But there are others towards the northwest of the island: Golden Bay, Għajn Tuffieħa and Paradise Bay. As for real estate, it is in the northern region that one can find small budgets, by its distance with the eastern region which is the economic lung of the island.

Living in Sliema or St Julians

Many expatriates choose to live in the eastern region. Grouping the cities of Saint Julians, Sliema, Gzira and Ta’xbiex. Indeed, this region can be attractive for its many restaurants, shopping centers and attractive nightlife. What’s more, it’s close to everything, so residents don’t have to own a car. Very dynamic thanks to the numerous companies that are established there, this area is in perpetual urbanization. The accommodations near the coast have become very expensive, but it is still possible to find reasonably priced accommodation away from the waterfront.

Living in Valletta

Valletta, the capital of Malta, is a real open-air museum and a UNESCO World Heritage Site.

It is located on the northeast coast of the island. With about 7000 inhabitants, it is the smallest capital in Europe. Endowed with an unparalleled charm by its period buildings and its straight streets, it is in the evening, when the tourists withdraw, that it finds calm and energy. There are mainly apartments, townhouses or former palaces. Recent housing is rare because of the city’s desire to protect its image. For those in search of peace and serenity, there are three cities: Senglea, Vittoriosa, Cospicua. With splendid views of the capital, it has the style of the capital but with a village feel and townhouses.
Find out all about Valletta.

Living in Mosta, Naxxar or Rabat

The center of Malta, ideal for those who wish to live in a quieter place.

It offers a Mediterranean lifestyle and Maltese culture, especially in Mosta, Naxxar or Rabat. With very interesting prices, you can find townhouses and typical Maltese houses. While the walled city of Mdina is very popular with retirees.

Living in the south of Malta

Characterized by fishing villages and quiet bays, the south offers a glimpse of rural Maltese life.

It is also where Mnajdra and Hagar Qim, two prehistoric temples, are located. In Marsascala and Marsaxlokk, two very pleasant seaside resorts, there are beautiful buildings at very attractive prices.

Living in Gozo

Finally, the island of Gozo is a true haven of peace and is less populated than its neighboring island.

Living in Gozo will offer you a more peaceful and quiet daily life with a greener and more rural environment than Malta. From charming farmhouses often equipped with private pools to apartments with spectacular sea views, there is a wide range of choices and much lower prices than on the main island. Discover the island of Gozo.

It’s in the idyllic setting of Malta that some Europeans decide to retire.

The island of honey combines, among other things, cultural wealth, with its five thousand year old temples and fortified cities, and gastronomy that combines Sicilian, North African and English culinary influences. So retiring to Malta is a wise choice. In fact, Malta has consistently appeared in the top ranks of the countries where it is good to live, according to the Eurobarometer, since 2015.

Reasons to retire in Malta

Malta is an open and cosmopolitan country where over 170 nationalities are represented.

In fact, the majority of Maltese are fluent in at least two, if not three, languages, which is a clear advantage over other countries. English is the second national language. You will have no difficulty learning it. This way, you will be able to integrate easily, especially since the Maltese are very welcoming. Italian is also a widely used language on the island. Other languages are studied in school but few Maltese speak it.

Climate in Malta

With temperatures ranging from 15 to 30 degrees, Malta enjoys a favorable climate all year round.

And the sun is king with more than 300 days of sunshine per year. So you can enjoy a sunny retirement visiting the many tourist sites and relaxing on the heavenly beaches. In fact, several major international studies rank Malta as one of the countries in the world with the best quality of life. It is also among the safest countries in the world.

Health care system in Malta

Malta also has the best performing healthcare system in the EU after France.

Health care facilities are equipped with state-of-the-art technology and highly trained specialists. This applies to both public hospitals and private clinics. Health care is free of charge in the many public institutions on the archipelago. Private clinics are not free. Some general practitioners consult in pharmacies and the cost of a consultation varies between 15 and 20 euros.

Prices in Malta

With a standard of living about 25% lower than in France, some expenses, such as real estate and food, are lower.

The cost of living is indeed lower in Malta and your purchasing power with your pensions will inevitably be affected. However, imported products will be more expensive because of transportation. Also, real estate in certain cities such as Sliema or St julian’s will have a higher price than elsewhere on the island.

Real estate is booming, so you can choose between a home in a recent building with all the necessary facilities, a home with more rustic charm in less populated areas or a very well equipped villa.

However, it is important to be well informed about the city in which you wish to settle. Indeed, if you are looking for a quiet and peaceful environment, some cities should be avoided because of their very active nightlife.

For your property search in Malta and Gozo, many real estate agencies will be able to help and advise you in your search. You can also call upon the experts of Malta Advice who offer different levels of services according to your needs.

Access to Malta

Thanks to its location and the quality of its infrastructure, Malta is also an easily accessible island.

Most major European capitals can be reached in less than 3 hours by plane. The international airport directly serves 37 major cities in the world. To get around the island you will have more than 80 bus lines at your disposal and the road network has also been improved.

Getting advice on retirement in Malta

Finally, as with any retirement project abroad, you need to be well prepared and informed about the various administrative procedures and taxes. Also in this respect, Malta is an extremely attractive country to retire in.

After three months of living in Malta, you will need to apply for a residence permit. Registering with the Embassy of your country in Malta is also useful, as it will guide you through the process. If you are retired from the system of another country in Europe, please note that it is important to apply for a transfer of your rights to the health insurance system of your country in order to be able to register with the health insurance system of your new residence.

As far as taxation is concerned, a European person living in Malta is considered as being fiscally domiciled outside of France, and therefore non-resident. The pension remains taxable only in your country. Nevertheless, thanks to its double taxation agreement signed with more than 70 countries, including France, you can repatriate your income to the island without taxation in the country of origin.

High earners can also take advantage of the Malta Retirement Programme. This specific program is ideal for protecting your assets. You will benefit from a 15% income tax rate for foreign source capital repatriated to Malta such as your retirement pension. This advantageous tax is applied on condition that you have a minimum tax of 7500 euros per year and 500 euros per dependent. Certain conditions are required to be eligible for this program and the membership fee is 2500 euros. Source Malte Conseils

The experts of Malta Advice help many retirees to prepare their retirement in Malta. They will guide you through the administrative steps to be taken for your expatriation. All you have to do is move and enjoy the mild Mediterranean air on the sandy beaches of Malta!