starting a business in Malta - social security costs - Malta forum

starting a business in Malta - social security costs

Member since 28 September 2013

usefulinfoMember28 September 2013 22:11:18

I want to start a new business in Malta: an Ltd or self-employment business abou Web publishing and designer.

Which are the Social Security costs in both cases?

Many thanks for your help!

tearnet ViP

Member since 19 June 2011

tearnetViP29 September 2013 05:26:38

2179

This company has info on its website regarding setting up聽 a LTD company in Malta.

or this company

and this for self employed...
/forum/viewtopic.php?id=222367

Terry

Lusco Serial expat

Member since 21 January 2013

LuscoSerial expat29 September 2013 07:38:31

252

"Social security contributions are paid 10% each by the employer and the employee respectively. Social Security contributions however, are capped at 聙1,717.56 annually for persons who were born before 1962. For people born after 1962, the capping stands at 聙1,840.28."

This website should be helpful for you:

usefulinfo Member

Member since 28 September 2013

usefulinfoMember29 September 2013 20:00:22

Thanks both for your help but at least at the beginning I'm not going to hire any emplyee.
So, in this case, how much are the Social Secutiry costs?

Thanks!

Lusco Serial expat

Member since 21 January 2013

LuscoSerial expat29 September 2013 20:34:20

252

If you born from 1962 onwards:

From 聙910 to 聙9,656 annual income; 聙27,86 per week
From 聙9,657 to 聙17,629 annual income; 15% weekly rate
From 聙17,630 onwards; 聙56,78 per week

If you born before 1962:
From 聙910 to 聙9,656 annual income; 聙27,86 per week
From 聙9,657 to 聙20,964 annual income; 15% weekly rate
From 聙20,965 onwards; 聙60,47 per week

Rico29 Member

Member since 01 November 2013

Rico29Member02 November 2013 08:47:28

Hi there, your posts are very interesting & I am almost in the same scenario. Do you have to pay the social security also if your company is registered abroad?

Thanks a million
Riccardo