How to Hire People in Malta: A Comprehensive Guide

Hiring employees in Malta can be an exciting step for businesses looking to expand or establish a presence in the country. Whether you are setting up a new company or looking to scale an existing one, finding and retaining the right talent is essential to your success. With Malta’s status as a growing B2B hub and its favorable business climate, many companies are taking advantage of the island’s highly skilled workforce. This guide will take you through the steps of hiring people in Malta, from company formation to retaining top talent.

Why Hire in Malta?

Malta has become an attractive destination for businesses due to its strategic location, favorable tax system, and access to a highly educated, multilingual workforce. But why should you consider hiring employees in Malta?

Skilled Workforce: Malta is home to a talented pool of professionals, particularly in sectors like IT, financial services, iGaming, and tourism. The island’s education system produces graduates with skills that are highly sought after by international companies.

B2B Hub: As Malta grows as a B2B hub, it offers a robust business ecosystem that supports collaboration between companies. Hiring in Malta gives your business the opportunity to connect with other firms in the B2B hub environment, fostering growth and innovation.

Favorable Employment Laws: Malta’s employment regulations provide a balanced framework that protects both employers and employees. Businesses can take advantage of favorable tax incentives and a pro-business government policy that encourages company formation in Malta.

Step 1: Company Formation in Malta

Before you can hire employees in Malta, you need to establish your business legally. Here’s what you need to do:

– Choose a Business Structure: The first step in company formation in Malta is deciding on your business structure. Most companies choose to register as a limited liability company (LLC), which offers personal liability protection and is suitable for businesses of all sizes. – Register with the Malta Business Registry (MBR): All companies must be registered with the Malta Business Registry. You will need to submit the company’s Memorandum and Articles of Association, along with details of shareholders and directors. – Obtain a Tax Identification Number (TIN): After registering your company, you will need to apply for a Tax Identification Number (TIN) and a VAT number, if applicable, before hiring employees.

Step 2: Understanding Employment Regulations

Before you start recruiting, it’s essential to familiarize yourself with Malta’s employment laws and regulations. Here are the key points you should be aware of:

– Work Permits: For non-EU citizens, you will need to obtain work permits before hiring them. EU citizens can work in Malta without a permit but must register with the Employment and Training Corporation (ETC). – Contracts: Employment contracts are mandatory in Malta and must include details such as job title, duties, salary, working hours, and notice periods. Contracts can be indefinite or fixed-term, depending on the nature of employment. – Minimum Wage and Working Hours: Malta has a national minimum wage, and employees are entitled to a 40-hour workweek. Overtime pay and rest periods are regulated by law.

Step 3: Finding Talent

Now that your company is registered and you are familiar with employment laws, the next step is to start recruiting. Here are some ways to find talent in Malta:

– Job Portals and Recruitment Agencies: Use online job portals such as JobsinMalta, Konnekt, or MaltaPark to post job vacancies. You can also work with recruitment agencies that specialize in placing candidates in your industry.

– Networking in Malta’s B2B Hub: Malta’s B2B hub offers numerous networking opportunities, including conferences, trade shows, and business events. Attending these events can help you meet professionals who may be interested in joining your team. – University Partnerships: Malta’s universities produce highly skilled graduates in various fields. Partnering with local educational institutions can help you recruit young talent for internships or entry-level positions.

Step 4: Conducting the Hiring Process

Once you’ve attracted candidates, the next step is conducting interviews and selecting the right employees. Here’s how to streamline the hiring process:

– Interview Process: Conduct thorough interviews to assess the candidates’ skills, experience, and cultural fit with your company. Be sure to ask about their knowledge of the Maltese business environment if applicable.

– Background Checks: In Malta, it is common to perform background checks on potential employees, especially for positions that involve financial responsibilities or access to sensitive information. – Offer Letter: Once you’ve selected a candidate, extend a formal offer letter outlining the terms of employment. Ensure that the offer complies with local employment laws.

Step 5: Onboarding and Retaining Employees

After hiring, it’s crucial to have a smooth onboarding process to help new employees integrate into your company. Additionally, retaining top talent should be a priority for long-term success.

– Orientation and Training: Provide new employees with an orientation that covers your company’s policies, culture, and expectations. Ensure that they receive the training they need to succeed in their roles.

– Employee Benefits: Offering competitive salaries and benefits packages is important for retaining employees. In addition to salary, consider offering perks like health insurance, flexible working hours, and professional development opportunities.

Hiring people in Malta can be a smooth and rewarding process when done correctly. From understanding the employment laws to leveraging Malta’s B2B hub to find top talent, following the steps outlined in this guide will help you build a strong team. With the right approach to company formation in Malta and a focus on employee retention, your business will be well-positioned for growth and success.

B2B Hub offers comprehensive company formation and corporate services in any jurisdiction of your choice.

For inquiries, please contact us at +44 086 097 2345, visit our website at b2bhub.ltd, or send us an email at reg@b2bhub.ltd.