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flag Malta Malta: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Private Limited Liability Company (LTD)
Number of partners: Minimum 1 shareholder, maximum 50 shareholders.
Capital (max/min): 1,165 Euros at minimum with at least 20% to be paid upon subscription.
Shareholders and liability: The liability of the partner is limited to the amount of the capital contributed.
Sole Trader
Number of partners: 1 partner
Capital (max/min): No minimum capital required
Shareholders and liability: The liability of the partner is unlimited.
General Partnership
Number of partners: Minimum 2 partners, maximum 20 partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Each partner is personally and indefinitely responsible for the debts and other commitments on behalf of the company.
Limited Partnership
Number of partners: Minimum 2 partners, maximum 20 partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: At least one of the partners is responsible personally and indefinitely for the debts and other commitments on behalf of the company.
The Competent Organization
Companies should be registered at the Registry of Companies, which is under the guidance of the Malta Financial Services Authority (MFSA).
 
Business Setup Procedures
Trade Register

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The Active Population in Figures

20112013
Labor force 180,200190,400

Source: CIA - The world factbook

 
200920102011
Total activity rate -49.40%51.10%
Men activity rate 67.50%67.80%67.40%
Women activity rate 31.60%35.00%35.20%

Source: UN - United Nations

 

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Working Conditions

Legal Weekly Duration
The number of normal working hours per week is 40 hours.
Retirement Age
60 years for women, 61 years for men.
Working Contracts
The work contract is mainly governed by the legal provisions of Conditions of Employment (Regulation) Act. Employment contracts can be on fixed or indefinite term and on a full time or part time basis.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
EUR 664 per month (source: ILO, 2011).
Average Wage
Gross average monthly wage of men: EUR 1,318 (source: ILO, 2011);
Gross average monthly wage of women: EUR 1,145 (source: ILO, 2011).
Social contributions
Social Security Contributions Paid By Employers: 10%
Social Security Contributions Paid By Employees: 10%

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Social Partners

Social Dialogue and Involvement of Social Partners
The main union of the island is the General Workers' Union - GWU.
The regulations governing the unions are based on the Industrial Relations Act of 1976.

 

 

 

 

Unions
General Workers' Union of Malta
Unionization Rate
Trade union membership has grown considerably in the past 20 years. Of around 86,000 members, nearly three-quarters are men. Union representation in the public sector is very strong. Unionization in the private sector is considerably lower than in the public sector. Around one-third of full-time employees of the private sector are covered by collective agreements.
Labor Regulation Bodies
Employment and Training Corporation

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Learn more about Operating a Business in Malta on Globaltrade.net, the Directory for International Trade Service Providers.

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Last Updates: October 2014