Malta is a small European country located between Sicily and the North African coast. The archipelago is only 122 square miles, which makes it one of the smallest but most densely populated...
Read MoreMalta is a small European country located between Sicily and the North African coast. The archipelago is only 122 square miles, which makes it one of the smallest but most densely populated countries in the world. Today, it's known for its historic sites related to a long succession of rulers from different nations.
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Malta is a small European country located between Sicily and the North African coast. The archipelago is only 122 square miles, which makes it one of the smallest but most densely populated countries in the world. Today, it’s known for its historic sites related to a long succession of rulers from different nations.
If your company wants to expand to Malta, you need the help of a global PEO such as Globalization Partners. Our team helps companies expand to countries around the world, including Malta. Through Malta payroll outsourcing and our solution, you can work in Malta quickly without worrying about meeting the country’s compliance laws.
Malta’s taxation laws will impact both your company and your employees. The corporate income tax rate is 35% of taxable profits, and employees and employers must contribute 10% of gross salaries each to social security. Employees also need to pay income taxes at a progressive rate from 0-35% depending on their annual income. Employers are required to deduct these taxes from an employee’s paycheck using a Pay As You Earn (PAYE) system, so you need to ensure that you’re following the right laws.
Companies expanding to Malta can take advantage of four different Malta payroll options:
You may want to start your payroll as soon as you decide to work in Malta, but you’ll need to bypass several restrictions first. The most important is your subsidiary. Malta requires you to have a registered subsidiary in the country before you set up your payroll or begin working. The only exception is working with a global PEO, such as Globalization Partners. Instead of establishing your own subsidiary, you can use our existing entity to work fast.
Entitlement and termination terms are often more complicated in a foreign country like Malta. If you can create clear entitlement and termination terms before you set up your Malta payroll, you won’t have to worry about potential litigation. Every time you terminate an employment contract, you must inform Jobsplus. Employees are usually entitled to compensation in lieu of notice.
Globalization Partners wants to help you expand to Malta with ultimate peace of mind and security. Contact us today for more information about Malta payroll outsourcing.
If you’re ready to grow your business, or you have questions about a specific country, complete the form. One of our experts will be in touch shortly.
