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What are the benefits of working in Malta?

Posted on September 22, 2020
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Benefits of working in Malta

The top reasons to choose Malta for an overseas career can be its laidback lifestyle and temperate climate, added to this a booming economy are favorable factors to work in Malta.  The other factors acting in favor of the country include the tax structure, low cost of living and the quality of life.

The World Happiness Report 2018 ranks Malta to be the 22nd happiest country in the world.   The high standard of education and health facilities are available to everyone.

The indices for Malta are comparable to the best countries in terms of cost of living, safety, health, freedom, environment and climate.

An InterNations survey of 2017 of expats from 191 countries revealed that 92% of expats were in favor of Malta because of its weather and the ease of settling down in the country.

Working hours and paid time off

The working hours in Malta are 40 hours per week. The employers here follow a five-day workweek.

Employees are entitled to 25 days of annual leave in a year.

Leave benefits

Maternity leave: Working women can avail of 14 weeks of paid maternity leave and can take an additional 4 weeks of unpaid leave. They can avail of maternity leave two weeks before their due date.

Parental Leave: Male and female workers are entitled to unpaid parental leave for a period of four months in case of birth or adoption of a child. They can take these four months of leave till the child becomes 8 years of age.

Average salary and taxes

The average salary in Malta is 4,620 Euros per month. Salaries range from 1,170 Euros to 20,600 Euros per month. The average monthly salary includes housing, transport, and other benefits.  Salaries can vary greatly between different careers.

Overseas workers moving to Malta will be subject to a higher tax for the first 183 days. After this the tax is deducted based on the income. The maximum deduction will be 35% of the annual gross income.

Social security benefits

The Social Security Act provides for a number of benefits, including retirement and disability pensions, sickness, injury and unemployment benefits, medical assistance and child care benefits.

To avail of these benefits, employees and employers both pay a maximum of 10% of the gross salary as Social Security Contributions (SSC). This will cover the social security payments in case of sickness, injury, unemployment, pensions and child benefits.

Persons living in Malta can access public health care services in keeping with the entitlements as described by the Ministry of Health.

Other benefits

The country offers a high standard of living. The multicultural character of the workplaces here provides a great learning experience.

All these factors make Malta a favored overseas career destination.

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