|Population||About 500 thousand|
|Time Zone||GMT +1 (Summer Time GMT +2)|
|Currency||1 Euro (EUR) = 100 Cents|
* Click here for the latest rate of exchange.
No Entry Visa for EU/EFTA nationals.
Registration required for foreign nationals staying more than three months.
Click here for latest IATA travel requirements for Malta.
Employment and Training Corporation;
Inland Revenue Department as self-employed;
Value Added Tax
Applications for a Trade Licence with the Trade Department.
Non Residents working in Malta for less than 183 days in any financial year are liable only for their Maltese income.
Residents working in the country for 183 days or more are liable for their income worldwide.
Income tax: Progressive upto 35%.
Compulsory social security contributions: 15% of net business income received the previous year. The weekly contributions range from a minimum of EUR 24.26 to a maximum of EUR 62.74.
Up to 69%
The income retention depends amongst others on the duration of the assignment, contract rate, marital status and taxation and social security agreements between Malta and the foreign nationals' country.
Please contact Access Financial for more information.