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Important Note about Malta Company Formation

Labor Regulation

All employers must pay 10% of their employees weekly salary to social security.

Similarly, employers must also contribute 10% of weekly salary to employees’

Behalf; Employers must withhold income tax from their employees’ salaries on a monthly basis;

The maximum number of working days per week in Malta is 6 days. An employee

working overtime is entitled to 1.5 times the regular wage;

Annual paid leave of 24 days must be allowed to all employees with over 1 year of service;

The minimum wage in Malta is €736 per month, which is higher than the federal

a minimum wage of US$7.25 per hour;

A Maltese company can only propose fixed-term contracts, including renewals for a maximum period of 2 years.

Double Taxation Relief

In case, for the claim for the relief for the tax paid or deemed to have been paid the amount of tax payable will be reduced in Malta. For a person who is receiving non-native source of income which is as equal as income tax in Malta through the per-income and per-country limitations, then he/she is eligible for the tax treaty relief as per the treaty signed for double taxation

Exchange Controls

When Malta united with the EU it abolished all exchange controls.

Controlled Foreign Company (CFC)

CFC legislation is not there in Malta.

Foreign investment

Offshore direct venture is very much welcomed in Malta. The agency which is accountable for the support of foreign investment and industrial growth and for endowing tax and nontax remuneration is Malta Enterprise which carries out these specific activities in Malta.

Transfer pricing

There is no precise transfer pricing policy in Malta.

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