The National Minimum Wage is the minimum pay rate per week most workers in Malta are entitled to by law. This is the lowest amount a worker can legally be paid for his or her work.
Rules on overtime vary by sector and are governed by the Wage Regulation Order (WRO) that applies to the particular activities you are carrying out. If your job or sector is not covered by a WRO, then the default overtime rate is 1.5 times your ordinary pay and will apply to any hours worked over 40 per week.
A work contract to provide services in Malta is also known as an employment contract and it serves as a security device for the employer and employee. It details rules and employment conditions, how to settle disputes and a pledge from the employee to offer services to the employer in return for wages.
Maltese foundations are also known as non-profit organiszations(NGO’s). Their popularity increased in Malta over the years, due to an attractive regulatory regime in the Civil Law and Voluntary Organisations Act. This was adopted in 2008 and is the same law that regulates the fiduciary obligations and trust in Malta. One of the main differences of a foundation when compared to a regular organisation is that, they must be set up for their legal personality and in some cases, they can also be utilised as a shareholder in a Maltese limited liability company.
There are plenty of reasons why you should establish a trust in Malta, including the attractive trusts regime when it comes to tax and money transfer to trust beneficiaries. While setting up a trust in Malta, may be a vital element of your estate plan, there are a lot...
Open a company in Malta Flexible legislative measures on investment and an attractive taxation system are among the many factors that have made Malta a hotspot for foreign investment. Malta’s economy is rated as one of the best, stable, and fastest-growing across the...
According to the Maltese labour law, employment is usually on a contract basis between the employee and his or her employer as long as statutory employment conditions are adhered to. Although the law regulates certain employment conditions, others are left for the two parties to agree upon before the employee can start work.
People with a legal teaching permit to work in Malta and speak English as their first language have an opportunity to teach English as Foreign Language (TEFL) to more than 80,000 students in 50 different language schools who visit Malta annually.