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The cost of living in Malta is lower than in most big European cities, even though the size of the market and transport costs of imported goods make some products more expensive than in the rest of Europe. Cars are subject to high taxes to encourage people to use public transport. This, on the other hand, is one of the cheapest in the European Union.

 

Communications in Malta

Communications cost slightly more than in mainland Europe in terms of phone rental, monthly Internet access fees, mobile and data costs. This is mainly due to the high cost of infrastructure (submarine cable) needed to link Malta to the rest of mainland Europe. Prices have, however, become more competitive owing to the opening up of the market and the pressures of competition.

 

Education in Malta

Education costs are low compared to other countries, particularly fees for preschool, primary, secondary and higher education.

 

Residential and commercial property

Property prices depend on the location.

There is high demand for quality commercial property in Malta. Office space is concentrated in Sliema, Gzira and St. Julians, mainly because these areas are highly sought after by expatriates who settle in Malta.

 

Salaries in Malta

Despite the quality of professionals, wages in Malta are still well below the EU average. The growth in some sectors has led to salary increases, as in the Financial Services sector where the demand for professionals in legal and accounting fields has forced salaries up.

 

A recent study has shown that the average annual salaries for professionals in the financial sector and in technology are as follows:

Financial Controller- €45,500

Accountant- €21,750

Bookkeeper- €15,000

Fund/Portfolio Manager- €35,000

Project Manager- €36,600

Quality Manager- €28,765

Systems Administrato- €25,000

Support Manager- €33,700

 

Miscellaneous

Clothes prices are very competitive compared to those in other European capitals, particularly business wear, leisure wear, children's and sportswear.
The price of meals varies widely, with the highest prices around €60 a head without wine. You can get a very good meal for about €25 without wine and there are many restaurants in this price bracket.

How we help our clients

NEWCO is an inward investment services provider specialized in the implementation of foreign investment in Portugal and Malta. With 30 years of experience and know how, we help our clients maximize the opportunities and minimize the risks of operating in a new country, allowing them to stay focused on their business. Contact us to find out how we can help you invest or relocate into Portugal, including Madeira, or Malta.

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