There is no doubt that Malta is booming- with its economy going from strength to strength and new and exciting business ventures starting up every day, if you are considering a move to Malta, now is the time.
While Malta may be small, its unemployment rate is one of the lowest in the EU at just 3% – a minuscule number when compared to its neighbours Greece and Italy both at over 10%. With over 300 days of glorious sunshine every year, it is the perfect place to work, rest, and play.
As an EU nation that forms part of the Schengen area, Malta is open to any EU nationals & non-EU nationals, who are able to live and find great work in Malta. In fact, foreign residents are encouraged to settle in Malta and could benefit from a number of attractive fiscal advantages, as well as the very compelling lifestyle benefits.
FocusEconomics panelists see GDP expanding 6.0% in 2021, which is down 0.1 percentage points from last month’s forecast, and 5.2% in 2022. FocusEconomics
The industries which hire the most are:
Malta offers a great opportunity for young adults and professionals to work and live in Malta. Students are also allowed to work in Malta for 20 hours per week as per the Maltese laws which also provides great opportunities for students to earn their livings. Malta is also a great place for Self-employed businesses & Entrepreneurship who are willing to relocate themselves. Accountants and IT specialists are also in the huge-demand in the country and this job offers a salary between 1500-3300EUR/month.
Malta: Forecast highlights up to 2025:
- Employment is forecasted to be fairly stable, close to or slightly above its current level.
- Most employment growth will be in business and other services.
- The unskilled workers will be also in huge demand because of the increasing construction and population.
- Most job opportunities, around 26%, will be for professionals (mainly business and other professionals).
- Around 39% of the labour force will have high-level qualifications, compared to 28% in 2013.