Moving to Malta - Expats in Malta in 2024

A move to Malta is exciting. Malta appeals to expats with its enticing tax advantages, such as the Global Residence Program. An English-speaking environment makes it easier for immigrants to communicate and adapt to the country. Malta offers a mix of history, Mediterranean climate and coastline. With it’s sunny weather, beautiful coastline and his beaches, it’s understandable why Malta is a popular choice for expats in Europe. Moving to Malta as an expat involves several key considerations regarding residency, healthcare, and work opportunities. It is worth mentioning that Malta, like many EU countries, has a high ordinary taxation on the individual.

Residency in Malta

1. Residence Permit Types: Besides the standard residence permit, Malta offers several specific permits such as the Highly Qualified Persons Rules for individuals in certain high-demand professions, and the Global Residence Programme for retirees and non-EU nationals.

2. Application Process: The residency application process involves submitting documents like proof of accommodation, sufficient income or employment, health insurance coverage, and a clean criminal record. Applications are processed by the Maltese authorities, and timelines can vary.

3. Permanent Residency: After five years of legal residence, expats can apply for permanent residency in Malta, which grants them indefinite stay rights.

You are british nationality? Please see updated information in 2024 about Permanent Residency for British Nationals in Malta (after Brexit)

Healthcare in Malta

1. Public Healthcare: Malta's public healthcare system is accessible to residents and offers services at subsidized rates. Non-residents might have to pay higher fees for services.

2. Private Healthcare: Private healthcare facilities are available and generally offer shorter waiting times and more amenities. Expats often choose private insurance to cover these services.

3. Emergency Services: Emergency medical services are provided by public hospitals, and Malta has a number of private clinics and hospitals offering emergency care as well.

Work Opportunities in Malta

1. Job Sectors: Besides the main sectors like finance, tourism, and gaming, Malta has a growing technology and digital sector, offering opportunities in IT, software development, and e-commerce.

2. Job Search: Expats can search for job opportunities through online portals, recruitment agencies, and networking events. Knowing English is a significant advantage in the job market.

3. Work Permits: Non-EU citizens need a job offer from a Maltese employer to apply for a work permit. Employers typically initiate the permit application process on behalf of the employee.

Read more about Job Vacancies: 8,092 Job Vacancies in Q2 of 2024 in Malta

Salary in Malta

According to the EU study, in 2023, wages in Malta had the same purchasing power as those earned by salaried employees in 2018. Wages in Malta grew by just 1.5% in 2023 – the lowest rise in the EU – with inflation eating up this increase and more, and have remained practically at 2018 levels at real levels. The average annual basic salary for employees in 2022 was €20,989, the National Statistics Office (NSO) detailed in its 2024 Regional Statistics report. The average income for male employees was €22,096, whilst the average income for female employees was €19,605. The information showed that the average annual basic salary had increased from 2021, where it was €19,823.

Living in Malta

1. Cost of Living in Malta in 2024: Malta's cost of living can be high, especially in popular areas like Valletta and Sliema. While Malta can be affordable in certain aspects like groceries and public transport, housing costs in popular areas can be high. Renting is common, and leases often require a deposit and several months’ rent in advance.

2. Climate: Malta enjoys a Mediterranean climate with hot, dry summers and mild winters, making it attractive for outdoor activities and tourism.

3. Cultural Integration: Malta has a rich cultural history influenced by various civilizations. Expats can explore Maltese traditions, cuisine, and festivals while integrating into the local community.

Some places you might consider living include:

- Valletta: The capital of Malta, this small city of just 5,000 people has a lot to offer residents. It is in a desirable location where residents can visit its famous historical sites or wander around the main shopping area of Republic Street and Merchant Street.

- Sliema: Found on the eastern side of Malta, Sliema is a bustling town that is home to 22,000 people. With lots of cafes and restaurants to sample and 5km-long waterfront, there is plenty here for you to explore in your free time.

- Marsaskala: Located in southeast Malta, this fishing town provides a quieter feel than other places and is known for its rocky coastline and stunning bay, as well as being a World UNESCO heritage site.

- Mellieha: A hilltop village in the northern part of Malta with a population of 11,000 residents, its sandy beaches and natural scenery make it an attractive place for expats who like being in relaxed surroundings.

- St. Paul’s Bay: Situated on the northern coast of Malta, St. Paul’s Bay is extremely popular with the expat community. Expatriates are drawn to this area for its affordability, picturesque surroundings and proximity to amenities. St. Paul’s Bay offers a laid-back lifestyle that appeal to many expats, particularly retirees and families.

- Gozo: Five kilometres off the Maltese coast lies Gozo, commonly referred to as “Malta’s quaint and unique little sister.” For starters, Gozo is only about a third the size of Malta and is more tranquil and rural. In Malta, you’ll find the hustle and bustle of big cities, while in Gozo, the way of life is still rooted in tradition.

Inflation in Malta

In September 2024, the annual rate of inflation as measured by the RPI was 1.2 per cent, down from 1.5 per cent in August 2024, the NSO said. The highest annual inflation rates in September 2024 were registered in Other goods and services (4.4 per cent) and Personal care and health (3.4 per cent). On the other hand, the lowest annual inflation rates were registered in Furnishings and household equipment (-0.8 per cent) and Transport and communication (-0.5 per cent).

The largest upward contribution to the overall annual inflation was registered in the Food Index (+0.45 percentage points), largely due to higher prices of restaurant services. The second and third largest contributions were measured in the Other goods and services Index (+0.32 percentage points) and the Personal care and health Index (+0.30 percentage points), mainly on account of higher prices of insurances and articles of personal hygiene, respectively.

The downward contributions to the overall annual inflation were registered in the Transport and communication (-0.12 percentage points), the Furnishings and household equipment Index (-0.05 percentage points) and the Clothing and footwear Index (-0.03 percentage points), mainly reflecting lower prices of mobile phone services, household appliances and garments, respectively.

GDP in Malta

In Malta, Q1 GDP data indicates a slight deceleration in quarterly GDP growth, declining from 8.7% in Q1 2022 and 6.4% in Q1 2023 to 4.6% in Q1 2024, according to PwC Malta. This broad-based slowdown affects multiple sectors, including manufacturing, ICT, professional services, and retail. However, real estate and construction sectors showed improved performance during the same period.

From a consumer perspective, spending on food, beverages, housing, and furnishings declined compared to the previous year, contrasting with strong growth in expenditure on restaurants, hotels, and recreational activities. Survey data also align with the GDP figures, pointing to a more cautious economic sentiment among Maltese businesses in 2024.

Fitch Ratings has reaffirmed Malta’s 'A+' credit rating with a stable outlook, reflecting the country’s strong economic performance while noting potential fiscal risks ahead.

Malta's economy is showing significant momentum, with Fitch projecting a 5.7% GDP growth in 2024, far surpassing the Eurozone's 0.8% and other A-rated nations' 2%. This positive trend is supported by the robust services and financial sectors and a strong rebound in tourism, with tourist arrivals in the first half of 2024 exceeding pre-pandemic levels by 32%, according to Fitch. Read more about Fitch Affirms Maltas Credit Rating And Revises GDP Growth Forecasts Upwards

Legal and Administrative Considerations

1. Taxation: Malta offers tax benefits for expats through various residency and domicile schemes. Understanding tax obligations and benefits is essential for financial planning.

2. Education: Malta has both public and private educational institutions, including international schools that cater to expat families. Schooling options vary in curriculum and language of instruction.

3. Transportation: Public transport in Malta includes buses and ferries, and car ownership is common for convenience, especially in rural areas. Malta International Airport, located in Valletta, is the most convenient method for travel overseas, flying to busy locations across the world, including London, Madrid and Munich.

One of the main forms of travel within the islands in 2024 is buses, which provide a regular and free service for users with a Tallinja card. However, having a car may be a more suitable mode of transport for some expats, as it means you don’t have to rely on public travel and can start the journey at a time convenient to you. Before moving, it's crucial to research specific details related to your citizenship, intended length of stay, and personal circumstances. Relocating to any new country involves careful consideration, and this guide aims to assist with navigating the process. From understanding costs and procedures to determining residency status and its implications for partners or spouses, we will guide you and provid valuable insights for anyone considering a move to Malta.

FAQ

Can I Live and Work in Malta?

If you're from the EU, EEA (European Economic Area), or Switzerland, you're in luck! You have the right to live and work in Malta without needing a visa or work permit. That means you can enjoy the island’s pastizzis, stunning beaches, and vibrant culture with ease.

For Third Country Nationals (TCNs)—those from outside the EU/EEA and Switzerland—the process is more complex. You will need a work permit to legally work in Malta, and this permit must be obtained by your employer before you can start working. The permit is typically applied for through the Single Permit Application process, which allows you to both reside and work in Malta. This involves submitting necessary documentation, such as your employment contract and proof of qualifications, to the relevant Maltese authorities. If your application is approved, you'll be granted permission to live and work on the island, usually for one year at a time, with the possibility of renewal.

Will We Fit In with the Maltese?

The Maltese are known for being friendly, welcoming, and hospitable. While Malta is part of the EU, the island has a distinct Mediterranean culture that may take some getting used to, especially if you're from Northern Europe or North America. Conversations here can be lively, with people gesturing enthusiastically—what might seem like an argument to an outsider is often just a passionate discussion. That said, when actual disagreements arise, they’re usually resolved quickly and without lasting animosity.

One thing to keep in mind is that the Maltese have seen many expats and foreigners come and go. While they are welcoming, it can take time to build deep, personal relationships and become part of their "inner circle." Patience and a genuine effort to integrate into the community are key. Over time, if you show interest in Maltese culture and stay long enough, you’re likely to make lifelong friends. In times of crisis, the Maltese people are known to rally around and offer strong support, often going above and beyond to help those in need.

How Difficult is It to Learn Maltese, and Should I Try?

Learning Maltese can be a rewarding but challenging endeavor. As a Semitic language, it shares linguistic roots with Arabic, but has also been influenced by Italian, English, and other languages. Its unique grammatical structure, particularly the way verbs are constructed, can be tricky to grasp for speakers of Latin-based languages. Verbs in Maltese are often triliteral, meaning they are built around three consonants, with prefixes and suffixes added depending on the tense and subject.

While the Maltese language is not easy to pick up just by listening or reading, the good news is that many Maltese people incorporate English and Italian words into their conversations, which can help you catch the general meaning. Moreover, most Maltese people speak English fluently, which can be both an advantage and a disadvantage—since locals are so comfortable with English, they will often default to it in conversations, making it harder for you to practice your Maltese.

However, if you do want to learn the language, free Maltese lessons are available through government programs, and with dedication, it's certainly possible to achieve proficiency. While fluency in Maltese isn't necessary to live or work on the island, learning even the basics can be a sign of respect for the local culture and can go a long way in helping you integrate into Maltese society.

Read more about Maltas Foreign Population Growth And So The Residence Permits: A Demographic and Economic Analysis and Maltas Record Surge in Foreign Worker Permits and Population Growth in 2023