Maltese Government has announced that it will be supporting local private companies in sectors that are mostly affected by the Covid-19 pandemic and will subsidize the salaries of all employees of those companies with 800 euro with the condition that the company is willing to add additional 400 euro to that amount.
The measure was announced by Malta’s Prime Minister, Roberta Abela and is being implemented to ensure that employees in the worst hit areas will not be laid off during the pandemic. Any employee in the most affected sectors of the Maltese Economy, like tourism and gastronomy will therefor receive a 1,200 salary.
This measure is said to affect more than 60.000 employees in Malta and will cost the national budget around 44 million euro per month.
Robert Abela, supported by the representatives of the social partners has mentioned that for sectors, such as manufacturing and warehousing the Maltese government will pay per one day of work per week pro rata based on a salary of 800 euro per month per employee with the option of increasing to two days of work. This measure will support additionally around 50.000 employees in Malta and cost 17 million euro every month.
This aid mechanism is already the second financial support introduced by the government to shield local private businesses from the economic crisis caused by the global pandemic.
Measures in effect
Parents of children who both work in private sector and where it has been decided that one of the parents will need to stay at home amid school closures in Malta, will continue receiving a 800€ monthly salary paid by the government. This is said to benefit more than 12.000 Families in Malta and cost around 19 million euro over 2 months.
Further any disabled persons who work in the private sectors and are registered with JobsPlus and need to stay at home during the pandemic based on vulnerability to the virus will also receive a 800 euro of monthly benefits by the government. This measure will cost the country further 2 million euro in 2 months.
Those employees who still get laid off during the pandemic will receive a 800 euro salary per month from 9th of March onwards. This measure will also affect the self-employed persons, who can prove that their financial income affected by the pandemic.
This publication has been prepared as a general guide and for information purposes only. It is not a substitution for professional advice. One must not rely on it without receiving independent advice based on the particular facts of his/her own case. No responsibility can be accepted by the authors or the publishers for any loss occasioned by acting or refraining from acting on the basis of this publication.
Corporate Services Officer – Corporate Division
We are a Law Firm with offices in Malta and Cyprus and a representative office in Shanghai China comprising of more than 70 lawyers, accountants and other professionals who advise, international and local clients.
The Firm has been offering legal and consulting services since 1983 evolving from a traditional law firm to an innovative cutting-edge multidisciplinary law firm combining exceptional expertise in law, tax, vat and accounting.
From its establishment the Firm’s focus has been heavily business oriented and always abreast with the latest global developments and innovations. Drawing from our pool of experienced professionals we provide our clients’ businesses full legal and accounting support on an everyday basis as well as customized solutions in today’s global financial and legal challenges.
We consider ourselves as ‘traditional pioneers’ and our motto is to foresee and anticipate any issues that may potentially impact our clients’ business and to offer effective advice and solutions proactively.
Lawyers’ Limited Company
12 Egypt Street, 1097, Nicosia
P.O. Box 22303, 1520 Nicosia, Cyprus
Tel: + 357 22 55 88 88 – Fax: + 357 22 66 25 00
E-mail: KinanisLLC@kinanis.com – Web site: www.kinanis.com
Civil Partnership, Law Firm
Kinanis Fiduciaries Limited
Suite 20, The Penthouse, 4th Floor, Ewropa Business Centre,
Dun Karm Street, Birkirkara, BKR 9034, Malta
Tel: + 356 27 54 00 24, Fax: + 356 27 54 00 25
E-mail: email@example.com – Website: www.kinanis.com
Kinanis (China) Limited
China Representative Office
Unit 661, 6/F CIROS PLAZA,
388 Nanjing West Road, Huangpu District,
Shanghai City, 200003, China
Tel: + 86 18 410 072 690
E-mail: firstname.lastname@example.org – Website: www.kinanis.com