Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Private Limited Liability Company (LTD) 1,165 Euros at minimum.	Minimum 1 shareholder, maximum 50 shareholders. The liability of the partner is limited to the amount of the capital contributed.
Sole Trader No minimum capital required	1 partner The liability of the partner is unlimited.
General Partnership No minimum capital required.	Minimum 2 partners, maximum 20 partners. Each partner is personally and indefinitely responsible for the debts and other commitments on behalf of the company.
Limited Partnership No minimum capital required.	Minimum 2 partners, maximum 20 partners. 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).

Source: .

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.

Minimum Wage: Malta's monthly national minimum wage is 585 Euros for employees aged 18 years and over.
Average Wage: The average monthly wages range from EUR 650 (receptionist, secretary) to EUR 1,300 (employees in finance and IT fields).
Social contributions: Social Security Contributions Paid By Employers: 10%
Social Security Contributions Paid By Employees: 10%

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. Unionisation 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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