Hire your remote team in Malta

Name: Hire a remote team in Malta
Brand: Rivermate
SKU: malta
Price: 399 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 399 EUR per employee per month

We currently do not offer any services in this country.
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Hiring a remote team in a country as Malta comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Malta. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Malta with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Malta, particularly if you don't have established local relationships. You can hire employees in Malta effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Malta.

As an employer of record, we help you hire employees and run payroll services in Malta, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Malta.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Malta or individually hire remote employees in Malta, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Malta services can best help your company!

3. Hire a remote team in Malta

Malta is an island country in the Mediterranean Sea. Malta's economy is quite advanced for an island. It is a beautiful place with vibrant destinations that is ideal for tourism. This country's fishing and tourism industries are thriving. These two industries are the engine of the economy. Malta is recovering from the pandemic's impact.

Malta's job opportunities have increased over the last decade. People all over the world have begun to recognize Malta's excellent market. Since the pandemic, Malta's inflation rate has risen, and it will take several years to return to pre-pandemic levels, if not lower.

4. Cost of living in Malta

Malta's cost of living is $1275, which is 1.37 times higher than the global average. Malta ranked 33rd out of 197 countries in terms of cost of living and 54th in terms of quality of life.

In Malta, the average salary after taxes is $1234, which is enough to cover living expenses for one month.

5. Cost of renting in Malta

Over the last decade, the cost of living in Malta has risen. It is a developing country that, to the best of its ability, provides a high standard of living. The growing interest in Malta among recent graduates and new job practitioners has contributed to the rising cost of living. Some cities have very low cost of living, whereas others require a large paycheck to live in.

Renting in Malta is more expensive than in most other countries with similar economies. A house in the city center can be rented for an average of US $1073.83 (€ 900). The cost of rent varies depending on the location and size of the housing facility. It also depends on the amenities available in and around the housing facility. Every city in Malta is known for its distinct strength. The location influences job opportunities, lifestyle, quality of life, and, most importantly, the cost of living. Many prospective residents are considering relocating to Malta.

Tier 1 cities include metropolitan areas such as Città Pinto, Città Hompesch, and others.

Tier 2 cities include upcoming centers such as Città Beland, Città Ferdinand, and others.

Tier 3 cities include Città Vittoriosa, Città Cospicua, and others with significant growth potential.

6. Major industries in Malta

The transportation sector has constructed inland and outland transportation facilities for public use as well as foreign and domestic trade. The transportation sector contributes significantly to Malta's GDP. Ports, harbors, highways, aerial landing pads, and airports are being built all over the country.

Malta's tourism industry is a major source of revenue. Every year, over 1.6 million tourists visit Malta. In Malta, the number of tourists outnumbers the number of residents. This figure has dropped dramatically in the last year as a result of travel restrictions imposed due to coronavirus.

Large commercial banks have been in operation in Malta since the nineteenth century. Malta's financial sector is well-equipped to handle complex relationships. Opportunities in Malta's finance sector are always available. Malta's finance sector must be strong because it is an advanced economy.

7. Hiring cost in Malta

The cost of hiring is a mandatory facet for every employer. The process of hiring requires the allocation of resources. This allocation is done on following aspects –

- Advertisement of the opportunity

- Time required in the process

- Selection of an ideal candidate

- Onboarding process

8. Employment laws Malta

Employment laws in Malta are based on the people's social, personal, political, economic, environmental, and other rights. The Employment and Industrial Relations Act establishes the legal framework. Some of the factors being considered are as follows:

- Rates of wages

- Hours of work

- Paid holidays

- Notice periods

- Period of probation

The employment relationships in Malta are governed by the regulations laid out by –

- The employment contract

- Legislation (Primary and Secondary)

- Public Service Management Code (PSMC)

- Collective agreements of the hiring enterprise

9. Top skills Malta

Malta's market includes a variety of industries. This necessitates the use of multidisciplinary, skilled individuals. Malta seeks manufacturers, technicians, programmers, and other experts to fill positions in its market. Some of the technical skills that Malta is looking for in its sectors include cloud specialization, software expertise, and front-end development.

If you are an employer and are interested in hiring from Malta, these are the top industries in Malta:

- Nursing

- Teaching

- Technicians

- Engineering

- Business

Every city in Malta has a distinct identity. A specialization that expands job opportunities. The hiring rate is determined by the location and the demand for that location. The workforce requirements of seaside cities differ from those of inland cities. As a result, the top skills in Malta can be determined based on the city's location.

10. Economic landscape in Malta

Malta has a developed economy. It has a GDP per capita of $48,246 (€ 40,410.85) and a purchasing power parity of $22.802 billion (€ 19.10 billion). Malta has a nominal GDP of $15.134 billion (€ 12.68 billion) and a per capita income of $32,021 (€ 26,820.79). Foreign trade contributes significantly to Malta's economy.

11. Market size in Malta

Malta has a large limestone reserve. It is a valuable commodity that contributes significantly to the national economy. The Suez Canal, located near Malta, stimulates trade, fishing, and tourism. The Malta Financial Services Authority is involved in most of the country's financial businesses and oversees the private sector.

12. Minimum wage in Malta

Malta recently increased its minimum wage by 155 Euros per month beginning in 2020. Employees must now earn 777 Euros per month. Employers must pay their employees in cash or with a check that can be cashed at a Maltese bank. Employees and employers usually agree on a salary payment schedule, such as weekly, biweekly, or monthly.

13.Why choose Rivermate to hire your remote team in Malta?

Establishing an entity in Malta to hire a team takes time, money, and effort. The labor law in Malta has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Malta simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Malta give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Malta via our Employer of Record (EOR) / PEO solution.