Do you want to move to a European destination with wonderful weather and plenty of travel and job opportunities? If so, Malta is a clear choice. The country is the smallest EU member and provides an excellent quality of life in many regards. Scroll down to learn about Malta’s employment prospects, living standards, culture, and more.
Before moving to a new country, a crucial fact is its employment situation. In Malta’s case, most of its income is generated from services like iGaming, tourism, and finance. The country’s unemployment rate in 2021 was 3.9%, and inflation amounted to 0.71%.
To get a job in Malta, you need a work permit or ‘employment license.’ To get the permit, your prospective employer must submit an application to the Employment Licenses Unit of Jobsplus in Malta. An exception to this rule includes residents of Switzerland and the European Economic Area.
When looking for a job, you need to consider the state’s strategic growth areas, like tourism and finance. It’s also a well-known fact that Malta is the iGaming hub of Europe. So, if you’re an online gambling enthusiast on the job-hunt in the iGaming field, Malta could have plenty of opportunities. Malta has been reporting economic activity in other areas, like pharmaceuticals, electronics, construction, food and beverages, and logistics too.
Good Living Standard
Malta’s economy is at a very healthy level and continues to improve. From 2014 to 2016, the state had the fastest-growing economy in the Euro zone by expanding over 4.5% each year. In 2019, Malta reported an all-time-high figure for its Gross Domestic Product, which exceeded $15.22 billion.
Malta also has relatively low costs of living. Statistics show that a budget between €1,800 and €2,000 is enough for a comfortable lifestyle. Essential utilities are about €80, an unlimited data connection is €32, and a liter of gasoline is about €1.5.
Moreover, Malta’s tax structure dictates a flat tax of 15% for people that earn between €85,000 and €5 million. Income above that amount, however, is tax-free. Foreign-source income remitted to Malta gets taxed at 15%, under the condition that you buy a property of at least €220,000.
As for the healthcare situation, it’s organized at a national level and considered to be widely universal. About 65% of health expenses are financed by general taxation, while the rest is covered with voluntary health insurance and out-of-pocket payments. Malta is on par with countries like Germany and Sweden since it has about four physicians for every 1,000 people.
Nice Weather and Wonderful Nature
Malta’s location at the center of the Mediterranean Sea ensures its climate is ideal year-round. The temperatures range from around 9°C for January lows to over 31°C in the summer. So, it’s a perfect destination for those that love outdoor activities and are trying to avoid frostbite.
The islands are said to receive over 3,000 hours of sunlight each year. For comparison, London and Berlin get around 1,500 and 1,700, respectively. Moreover, the average annual precipitation is around 550 millimeters, and most of it occurs during the winter.
Malta is a country with an immensely interesting civilization and history. Each corner of Malta is bursting at the seams with the country’s beautiful culture. Some popular sites include the Neolithic Temples, the fortifications in Vittoriosa, Senglea, and Cospicua, and over 350 churches scattered across the country.
Additionally, Malta’s official languages are both English and Maltese. Though Maltese is the country’s mother tongue, 90% of the population is fluent in English. If you’re proficient in English, you should have no trouble navigating through life here. The language’s official status makes it even easier to communicate seamlessly in all areas, from the everyday lifestyle to healthcare and taxes.
Another huge advantage of living in Malta is the country’s fantastic geographical location. Since it’s positioned right at the center of the Mediterranean, it’s effortless for travelers to reach major airports around Europe. Air Malta offers flights to over 35 countries around Europe, making Malta perfect for quick trips.
Moreover, the country has many daily non-stop flights from and to Malta for most key European cities. For instance, a flight from Malta to London takes approximately 3 hours and 10 minutes. Alternatively, if you’re in the mood for some Italian food, a flight to Rome takes less than an hour and a half. Traveling to Frankfurt and Paris shouldn’t take more than 2 hours and 40 minutes, while a flight to Istanbul or Barcelona takes around 150 minutes.
To sum up, if you want to live in Europe and have the opportunity to travel freely and quickly, Malta is the place to be. Residents get access to high-quality European healthcare, excellent education, job opportunities, and fantastic weather. We also can’t forget that the country has one of the lowest living costs in Europe, making it an even more attractive destination for anyone.