Payroll & Employment

Given the evolving income tax, social security and labour law provisions, payroll is becoming more complex. That is why many companies are choosing to outsource their payroll function, and at CCPS Malta we are equipped to take care of all your payroll needs.

Our payroll outsourcing service will ensure that:

  • Payroll financial information is provided in a timely and accurate manner – this can also be produced for periodic and annual accounts
  • You save the cost of acquiring and maintaining a payroll software

We can assure you of the utmost confidentiality, especially when it comes to executive remunerations. Other benefits of choosing to outsource your payroll function with us include:

  • Dealing with all starters, leavers, deductions and changes that may affect your business
  • Submitting tax forms like FS3, FS4, FS5 and FS7
  • Producing reports tailored to your requirements
  • Application of PE number
  • Payroll runs
  • Assistance with the preparation of work permits
  • Preparation of payslips and other related-reports
  • Social Security Contribution consultancy
  • Monthly and annual Final Settlement System reports

A Maltese work permit is obligatory for any individual who wants to take up residency and employment in Malta and who is not an EU/EEA/Swiss national.

In order to work with a specific employer and perform a specific job, a Single Work Permit must be issued to the applicant. The permit would normally be issued for 1 year, and throughout this time the applicant would be able to work and reside in Malta. If the employer endorses the application for a further renewal, the applicant would be able to further renew his/her work permit.

How can we help you as an employer?
At CCPS Malta we will help you with compiling documents, consultation, filling of forms and contacting authorities on your behalf.

Through our consultation service, you stand a better chance of obtaining a Single Work Permit for your employee. We will assist you by providing you with a list of required documents which we will then vet to check their relevance and compile them to form part of the application. We will make sure that all forms are filled properly hence enhancing your success rate in the application process.

Malta’s attractive tax regime, together with the recent introduction of residence and citizenship programmes, has made the island a popular choice with many EU and non-EU citizens.

CCPS Malta has a dedicated residency and immigration department that can handle all your requirements when it comes to the process of residency, citizenship or immigration to Malta.

We can assist you in your application for the following programmes:

  • Malta Ordinary Residence
  • The Malta Permanent Residence Programme (MPRP)
  • The Residence Programme
  • The Global Residence Programme
  • The Highly Qualified Persons Scheme

Malta Ordinary Residence
In order for an individual to acquire this residence, he/she has to physically live in Malta for at least 183 days in a year.
When it comes to real estate investment, there are no minimum value requirements unless there is the need for an AIP (Acquisition of Immovable Property) permit, which can apply in certain circumstances. Ordinary residence is a tax programme applicable to both EU/EEA/Swiss National and also non-EU/EEA/Swiss nationals.

The Malta Permanent Residence Programme (MPRP)
In order to apply for the MPRP programme applicants must be at least 18 years of age and also:

  • Be in possession of assets amounting to at least EUR 500,000, out of which a minimum of EUR 150,000 must be in the form of financial assets
  • Have clean criminal records and be in possession of a valid travel document
  • Be financially independent or have stable and regular resources to maintain himself/herself and his/her dependants without the need to recourse to the social assistance system of Malta
  • Present proof that he/she is of sufficient health so that he/she does not become a burden on Malta’s healthcare system (the same requirement applies to dependants)

When it comes to dependants, these can include:

  • Spouse and children (less than 18 years of age)
  • Unmarried children above the age of 18, but who are still dependant on the main applicant
  • Children over 18 years of age who have a disability in terms of the Equal Opportunities (Persons with Disability) Act
  • Parents or grandparents that are dependant on the main applicant

The fees and other commitments related to this programme are as follows:

  • A non-refundable administration fee of EUR 40,000 (covering all parties)
  • A Government contribution fee of EUR 28,000 when purchasing a property in Malta, or EUR 58,000 when leasing a property in Malta
  • A donation of EUR 2,000 to a registered Voluntary Organisation in Malta
  • The acquisition of a property in Malta that is worth at least EUR 350,000 (if located in the North of Malta) or EUR 300,000 (if located in Gozo or the South of Malta). The property could also be rented, with a minimum of EUR 12,000 annually (if rented in the North of Malta), and EUR 10,000 annually (if located in Gozo or the South of Malta). The property must be held for at least 5 years, after which a residential property is required.
  • Payment of EUR 7,500 (where applicable) for each additional parent or grandparent of the Main Applicant and/or spouse who is dependant on the Main Applicant.

The Residence Programme
This programme is targeted at EU/EEA/Swiss nationals, providing them with the option to live in Malta as residents. Through this programme, the applicant and his/her family stand to benefit from the reduced rate of 15% income tax on any income they bring to Malta.

To qualify for his programme, the applicant must either own or rent a property in Malta which must be their main worldwide residence.

If the applicant chooses to purchase a property, the minimum investment threshold is EUR 275,000 (if the property is located in the North of the island), or EUR 220,000 (if the property is located in the South or Gozo).

The minimum cost for renting a property is EUR 8,750 (if the property is located rented in the South of Malta or Gozo) or EUR 9,600 (if the property is located in the North).

The Global Residence Programme
This programme is very similar to the Residence Programme. The only change is in the real estate pricing threshold (as the minimum value of the property bought from Gozo is EUR 250,000, whilst if bought from the South of Malta it’s EUR 225,000).

The opportunity of visa-free travel throughout the Schengen zone, for non-EU nationals, is certainly one of the main features of this programme.

The Highly Qualified Persons Scheme
This scheme was introduced in Malta to attract experienced individuals in the realm of financial services, gaming and also the aviation sector.

The tax rules of this scheme are very beneficial and are mainly applicable to senior employees filling roles with companies licensed by the MFSA, the MGA or the Authority for Transport in Malta.

Such individuals can opt to pay a flat rate of 15% on employment income derived in respect of work and duties carried out in Malta.

Any business which aspires to grow and enhance its operations seeks to attract new talent and retain its current staff, and that is where our specialised HR advisory service comes in.

CCPS Malta can provide you with the necessary assistance to create a successful business environment in order to attract and retain staff of the highest quality. Some of our HR Advisory services include:

  • Drafting contracts of employment
  • Wage and salary structures
  • Advice on labour law
  • Employee relations assistance and advice