Employer of Record (EOR) services: Hiring employees in Malta

Hiring in Malta? Take the help of an EOR to grow your business.

Malta, a small island nation in the Mediterranean Sea, is emerging as a great destination for businesses seeking to expand their global operations. As a member of the European Union, Malta provides access to the single market, making it an ideal location for businesses looking to expand their reach across Europe, offering competitive tax rates, an efficient bureaucracy, and world-class infrastructure.

If you’re looking to expand your business’s presence in Malta, an Employer of Record or EOR can help you get started quickly and efficiently. An EOR allows you to hire employees in Malta without the need to establish a legal entity, saving you time, money, and hassle.

Why choose an EOR for hiring in Malta?

For startups, small businesses, and medium-sized enterprises aiming for swift global expansion, navigating complex local regulations can be daunting. With limited in-house resources, outsourcing HR functions to an EOR offers a streamlined solution.

By partnering with an EOR, you can:

• Hire and onboard employees quickly in a new country, without having to establish an entity
• Eliminate exposure to risk having to do with compliance with employment law, delegating this responsibility EOR employing on your behalf
• Outsource payroll, tax withholding, and benefits administration
• Lessen the heavy administration related to HR, compliance, and payroll

An EOR acts as the official employer for your workforce in Malta, ensuring seamless onboarding, payroll processing, and benefits administration. This allows you to concentrate on growing your business in Malta while the EOR takes care of the complexities of local employment law.

Choosing between an EOR and PEO in Argentina

When expanding quickly into a new market like Malta, businesses have two primary options: an EOR and a professional employer organization, or PEO. To make the best choice, it’s crucial to understand the key differences between an EOR and PEO.

For organizations prioritizing complete delegation of employment law in Malta, an EOR is the ideal solution.

How to select the right EOR provider in Argentina

Choosing which EOR is best as a partner in Malta is crucial for ensuring seamless global expansion. Not all EORs are up to the task in Malta. To make an informed decision, it’s essential to consider the following factors. By failing to do so, you could choose the wrong EOR, resulting in compliance issues, unnecessary costs, and a negative experience for your new hires.

• Legal compliance: The EOR should have a deep understanding of Malta’s complex labor laws, tax regulations, and social security contributions. Look for a provider with a proven track record of compliance and a strong reputation in your particular industry.
• Customer service: A reliable EOR should offer exceptional customer support, including dedicated account managers and timely responses to inquiries. Multiplier offers round-the-clock human-first support seven days per week, with no bots, and has dedicated managers for every account.
• Transparent pricing: Avoid confusing, hidden fees and unexpected costs. Before making a decision, be sure to learn the true bottom of an EOR’s associated costs. Choose an EOR with a clear and transparent pricing model.
• Total cost of ownership: While it’s important to consider initial costs, it’s equally crucial to evaluate the long-term value and potential unexpected costs associated with any given EOR provider. The least expensive EOR up front may not be so in the long run. Spend your hard-earned budget where there is no sacrifice in quality.

How EOR services work in Malta

Step 1: Send that contract over

Once you’ve identified the ideal candidate and the EOR, send them a locally compliant employment contract. Because of the automation in Multiplier’s core HR functions, new talent takes only a few minutes to get into the system and ready to work. In less than five minutes, Multiplier can quickly generate a legally compliant employment contract tailored to Maltese labor laws, and you can then customize it for job responsibilities, working hours, remuneration, termination conditions and other terms of employment. After this, your EOR will send the contract securely and get it signed.

Step 2: Enhance compensation with competitive benefits

Offer your employees a competitive benefits package without the hassle of having to comb through countless local regulations. Your EOR can provide guidance and assistance in selecting and implementing appropriate benefits that are locally prevalent.

Step 3: Get all your documentation in order

To streamline hiring in Malta, your EOR will collect necessary documentation, such as tax forms and bank details. If you’re using an EOR like Multiplier, that information will automatically be collected to set up payroll. This helps ensure a smooth and efficient start for your new hires and spares you the time-consuming task of completing such paperwork yourself. Onboarding employees in Malta no longer seems so overwhelming.

Step 4: Run payroll for employees based in Malta

Your EOR will handle all aspects of payroll processing, including accurate salary calculations, tax withholdings, and social security contributions. This is complicated work best left to the EOR and ensures timely and compliant payroll for your employees in Malta. Furthermore, Multiplier’s global payroll solution, can handle payroll for all your employees in one place – which means you won’t have to deal directly with a countless local vendors.

Step 5: Manage your employees and leave HR compliance to the EOR

By entrusting HR and compliance tasks to your EOR, you can dedicate more time to your core business objectives. Multiplier handles all aspects of onboarding post-hire and ensuring that new employees in Malta receive their first paycheck and each one thereafter on time, correctly calculated to be compliant with all laws related to benefits, taxes, and social contributions. Multiplier also handles all compliance associated with involuntary terminations and employees who leave voluntarily, ensuring adherence to Maltese labor laws.

Moving forward with Multiplier EOR in Malta

An EOR is a highly recommended solution for businesses aiming to expand quickly into Malta. By outsourcing HR and compliance tasks to an EOR, you can significantly improve operational efficiency and mitigate risks associated with global expansion.

Multiplier’s Employer of Record (EOR) services offer a robust solution for growing your workforce in Malta. With Multiplier, you can outsource core HR tasks and hire top talent without the need to establish a local legal entity.

Multiplier ensures seamless hiring, onboarding, and employee management processes, along with locally compliant contracts, managed payroll, and a range of customizable benefits tailored to Maltese standards.

Experience the benefits of a simplified HR and compliance process.

Book a demo today.