The Company Act in Malta is actually based on the Company Law of the United Kingdom. It mainly concerns civil matters rather than common law. The first Company Act in Malta was called the Commercial Partnerships Ordinance and it was replaced in 1995 with the new legislation. Companies in Malta had to transform their structures according to the new Company Act in Malta and register with the Registry of Companies in Malta .
As part of the European Union, some rules in the Company Act in Malta also follow the principles of the European directives, just like all other member states. These rules are found in the text of the Company Act 1995 in Malta.
Foreign investors who wish to come to Malta and set up a company must be aware of the requirements of each type of structure and only after that they should decide and choose the type of business that best suits their interests. Anyway, limited liability companies are the most common forms in Malta, either as private companies or public companies.
As far as the Employment Law in Malta is concerned, it is related to the Company Act in Malta. The rules of the Labour Law in Malta are included in several texts. For instance, legislation regarding employment can be found in the Conditions of Employment Act, the Industrial Relations Act, the Employment and Training Services Act or the Social Security Act.
All the main acts concerning Labour Law regulate the relationship between employer and employee, mention both the oral and the written contract of employment and stipulate the duties and obligations of the employer and the employee in a company in Malta. All these must be accordingly to the company act in Malta as well.
The video below offers information about the Maltese Company Act:
If you need to find out more about the Company Act in Malta, you may contact our specialists in company formation in Malta, who may also help you with the incorporation of companies in Japan, Hong-Kong, Singapore. For our clients who speak Russian and want to incorporate a company in Malta, we offer them the possibility to read more at this procedure.