The Government of Malta announced a rescue package of EUR 1.8 billion to mitigate the coronavirus crisis in Malta. The main pointers of the package are the following:
- The package includes EUR 1.6 billion in liquidity for companies:
- EUR 900 million in Loan Guarantees
- EUR 700 million in Tax Deferrals
- EUR 210 million will be injected to assist the economy
Quarantine Leave and Parental Leave
- The Government will pay EUR 350 per employee on quarantine leave
- One parent from each family who is forced to stay at home as a result of school closures, and is unable to telework, will benefit from EUR 800 per month leave (for the coming two months). For this to apply:
- Both parents need to be employed within the private sector, and
- Both shall not be able to work from home
Aid for Companies and Self-Employed Persons
The Government intends to:
- Cover 2 days of employee wages per week (based on a maximum wage of €800 per month) for enterprises suffering from a complete suspension of operations
- Cover 2 days of income per week (based on maximum income of €800 per month) for the self-employed suffering a complete suspension of operations. Government coverage will increase to 3 days in the case of self-employed individuals who employ others
- Cover 1 day of employee wages per week (based on a maximum wage of €800 per month) for enterprises whose operations decreased at least by 25%
- Cover 1 day of income per week (based on maximum income of €800 per month) for the self-employed whose operations decreased by at least 25%. Government coverage will increase to 2 days in the case of self-employed individuals who employ others
Aid for Employees
- Employees (Maltese or EU citizens) who are made redundant will get EUR 800 per month as an unemployment benefit.
- Third-country nationals who become unemployed won’t get financial assistance, yet JobsPlus will help them find alternative work.
- People who lose their job and live in a rental property will qualify for rent subsidy (if not already benefiting from this scheme)
- EUR 35 million will be allocated to health authorities for use in their combat against Covid-19
Foreign Workers Update (Third-country nationals)
- New work permits for unskilled third-country nationals will not be accepted. Therefore, companies which make anybody redundant cannot apply for a work permit for third-country nationals.
Live-in carers and healthcare professionals whose single permit is about to expire can have their permit automatically extended for a period of three (3) month. These include Nurses, Nurse Assistants, Staff Nurses, Doctors, Professors, Health Carers, Assistant Carers, Carer Supervisors, Health Specialists and Locum Medical Officers (Anaesthesia).