Financial institution in Malta

Malta is an evolving business region which is a small island country in the European Union. The country has a flourishing business space that allows multiple business entities to survive the hard core competition. There are many established and well renowned financial institution in Malta that helps different business to establish themselves. 

Malta company incorporation is a difficult task as there are many business ventures that finds it difficult to thrive the existing competition. A person needs to have a valid Malta passport to visit the place, however citizenship can be availed at later stage. A business must be registered with the Malta incorporation for successful establishment.

One of the most widely acknowledged and accepted passports in the world is Malta passport. The Maltese passport office is functional throughout the day and it offers quick and efficient service even on an urgent basis. If you happen to get a second citizenship, then there can be no better option than a Malta passport. 

The document is mandatory travel document and it is granted to those who are having Maltese citizenship. This document will allow you to travel, study or work in any of the countries in the European Union. This can be used to avail visa free travel service to more than 160 countries in EU.

EMD is one of the well established and trustworthy financial institution in Malta that offers valuable cost-effective services to every kind of business, be it a small scale start up or an established business venture. By the term financial institution, it defines a firm that offers different kind of financial services. Malta is considered to be one of the leading financial centres in the Mediterranean region which is a fastest growing business economy.

Malta company incorporation is incomplete without financial services in Malta. The island country is smallest in the European Union but it is a growing financial centre which has single regulatory body for different types of financial services. Different sectors of business accounts for 12 percent of the GDP which means that the country efficiently handles foreign investors in the business domain.

Why choose EMD for financial and other business-related services?

·         Legal services

·         Financial services

·         iGaming in Malta

·         Malta Taxation

·         Administrative Services Taxation

·         Citizenship by Direct investment

·         Temporary Service

·         ICT service among others

 

The services are not limited at EMD but Malta has scope for multiple kind of business-related services mainly due to the flourishing atmosphere and set up of the country. The country requires one to possess a valid Malta passport to set up a business in the country. Malta has accepted Euro as its national currency since 2008. The economy is quite fast growing and hence opens its door for different kinds of business. 

It has an added advantage of having a high global credit ranking as per the rankings of 2018 survey. Owing to its large financial sector, the rate of unemployment is also pretty low in the country of Malta. Despite being the smallest member of the European Union, many new establishments find Malta as an ideal location to set up their dream business.

Employment Law and Industrial Relations Malta

Malta is a small island country that of late has been flourishing in terms of business. To have a successful establishment, one must be aware of the rules and regulations pertaining to business in the particular region. The employment law in Malta is stringent and must be strictly adhered to.  EIRA or The Employment and Industrial Relations Act is the main reference source for the employment law.  Not just employment law, but EIRA provides for a legal framework that even regulates industrial relations in Libya. Another valuable reference is Occupational Health and Safety Authority Act which ensures well-being of the company’s employees.

The employment law in Malta applies to all types of employees whether they are self employed or not.  An employee can also be categorised as full timer or a part timer, but in that case also, the law will be applicable while salary might change as per the working hours. The employment contract for the employee must be either written or verbally put forth for the law to be applicable. In case a company wishes to terminate the service of a particular employee, the employer has full power to decide whether to terminate him with immediate effect or after completing the notice period as per the employment law in Malta.

Industrial relation in Malta is nothing but a coordination in the industry that is generated as a result of diversified approaches of both management and employees with respect to the management of the industry. It takes into account the wellbeing of the entire management not particularly only the employees or management. An industry can be a primary one or the secondar one. The major objectives of the Industrial relation in Malta are listed below:

·         Maintaining well-being of both management and employee

·         Improvement the overall economic condition of the employees

·         Nationalization of the industry

·         To improve efficiency and productivity by safeguarding the interest of both labourers and management

·         To lower the number of absentees, strikes, lockouts etc. by improving the working condition of the working class

Overall, the main of the industrial relation in Malta  is to ensure that labourers are treated like a vital part of the organization (which they are) and they must be given a pivotal role in decision making as well. This will help in developing a cordial relation with the management which will ultimately improve the productivity. Both Malta and Libya are constantly flourishing areas where start-ups found a favourable condition for growth and revenue as well. Hence companies like EMD exploit this nature of the country to provide quality reliable services to their clients. Over years, there has been some relevant modifications in the Maltese employment and labour law mainly due to constant evolution in the business domain. The law regulates the working procedures in any kind of business where there is an employer and many employees working under his supervision. Union and ither labour bodies work in close knit with the management to maintain a healthy positive industrial relation in Libya as well as in Malta.