Contact Advisory Services

30/09/2024

🎤 Interview with Dr Luca Zahra Brincat
The Importance of Employment Contracts in Malta 🎤

Today, Luca, our Corporate Lawyer, explains why employment contracts are crucial for businesses in Malta. He also shares insights on the essential elements that should be included and how to ensure compliance with Maltese law.

Q1: Why are employment contracts so critical for businesses in Malta?

Luca:
“Employment contracts form the foundation of employer-employee relationships. They clarify job duties, compensation, and expectations while providing legal protection. Maltese law always takes precedence, so contracts must be compliant to avoid unenforceable terms.”

Q2: What are the essential elements of a compliant Maltese employment contract?

Luca:
“A valid employment contract must include:
• Terms of Employment (job title, start date, working hours)
• Compensation and Benefits
• Termination Procedures
• Confidentiality and Intellectual Property
• Restrictive Covenants
• Governing Law and Dispute Resolution

These ensure both clarity and legal soundness.”

Q3: What should employers keep in mind when drafting contracts?

Luca:
“One-size-fits-all templates often miss the mark. Contracts must be tailored to the business’s specific needs, especially in regulated sectors like iGaming or Financial Services. Regular updates and clarity are key to avoiding legal risks.”

Q4: How can businesses ensure their contracts are compliant and protective?

Luca:
“Seek legal advice to draft compliant and protective contracts. Regular reviews ensure you stay updated with legal changes and avoid potential disputes.”

Final Thoughts:
“Clear, fair, and compliant contracts are essential for building a strong workforce. Invest time in getting them right.”

🔗 Need tailored employment contracts? Contact us today!
👉 www.contact.com.mt/contact

08/05/2024

"Malta: A Prime Destination for Startups"

Despite being the smallest member state in the European Union, Malta has one of the fastest growing economies and the lowest unemployment rate among its peers. Malta's robust regulation, booming economic activity across diverse industries, skilled talent pool, and pro-business government policies have solidified its standing as a preferred jurisdiction for investment and economic migration. Simultaneously, the island is carving out a niche as a hub for digital tech innovation.

"So what are the benefits of setting up your business in Malta?"

🔸Grants and Financial Support Programs
Malta offers an array of grant schemes and funding initiatives aimed at bolstering entrepreneurs and businesses. These programs extend financial assistance for startups, innovative projects, and business expansion endeavors. Overseen by Malta Enterprise, a governmental body dedicated to fostering investment and economic advancement, these schemes are readily accessible, with the agency providing comprehensive guidance on navigating the available grants and funding avenues.

🔸A straightforward migratory pathway
Non-EU startup entrepreneurs wanting to launch in an EU jurisdiction now have a straightforward migratory pathway to medium-term residence in the country. In order to facilitate the migration process for non-EU entrepreneurs, the Malta Startup Residence Programme grants a 3 year residence permit, during which beneficiaries are able to reside in Malta while launching their startup venture.

🔸Tax Benefits
Malta presents an attractive proposition with its favourable tax framework. While the corporate tax rate stands at 35%, a distinctive tax refund mechanism effectively reduces this rate to 5%. Through this imputation system, shareholders can claim refunds on taxes paid by the company when dividends are disbursed. This tax-efficient structure holds substantial advantages for businesses seeking to optimize their financial strategies.

🔸Double Taxation Agreements
Malta boasts an extensive network of double taxation agreements with numerous nations. These pacts serve as invaluable shields against double taxation on income, offering businesses enhanced flexibility for their global operations.

🔸EU Membership
As a proud member state of the European Union (EU), Malta grants businesses access to the EU's single market. This pivotal status enables companies established in Malta to leverage the free movement of goods, services, capital, and labour within the EU. Such access not only unlocks a vast consumer base but also opens doors to myriad opportunities for growth and expansion.

Contact Advisory Services is here to guide you towards achieving your business goals in Malta. If you're ready to seize the benefits of setting up your business in this dynamic environment, contact us today for personalized assistance and support.

Contact Advisory Services will be happy to meet you during the EU-Startups Event.

21/04/2024

Contact Advisory Services is pleased to announce that Audrey Sapiano our Chief Commercial Officer, will be attending - Emerging Manager Exchange as a member of .

This event is a fantastic opportunity to connect with allocators, emerging managers, and service providers. We'll be diving into insightful discussions on topics such as:

💡 Managing the transition from Pre-Launch to Post-Launch
Developing your fund
Fundraising Outlook for 2024
Sourcing Solid Service Providers

At Contact Advisory Services, we're eager to build new connections and engage in discussions that will help us to grow as service providers and promote Malta as the ideal jurisdiction for fund establishment and management. Looking forward to connecting with you in London.

29/12/2023

Celebrating the close of an amazing year filled with achievements and growth !

I extend sincere appreciation to our exceptional clients, invaluable partners, and the team at Contact Advisory Services Ltd. Your enthusiasm has been our driving force.Get ready for an even more vibrant and successful 2024! Happy New Year, filled with joy and prosperity!

22/12/2023

Wishing you a joyous holiday season filled with warmth, laughter, and cherished moments. May the spirit of Christmas bring you peace and prosperity in the coming year. Thank you for being part of our journey at Contact Advisory Services

15/12/2023

Unlock Business Growth: Outsourcing Accounting and Payroll with Contact Advisory Services.

In this fast-paced business environment, time and resources are precious. Delegating accounting functions to experts like Contact Advisory Services is a strategic move for sustainable growth.

Benefits of Outsourcing with us:

Effortless Bookkeeping:
Our experts handle day-to-day bookkeeping, freeing you to focus on strategic decisions.

International Standards:
Navigate global financial standards effortlessly with our expertly prepared financial statements.

Streamlined VAT Accounting and Compliance:
Stay compliant with comprehensive VAT services while focusing on your business vision.

Seamless Auditing Processes:
Trust our team to maintain financial transparency and compliance during the auditing process.

Transforming Payroll Management:
Legal Expertise for Employee Contracts whereby our legal department ensures compliance with Maltese law for expertly crafted employment contracts.

Simplified Documentation:
From forms to payroll, we handle paperwork, streamlining your documentation process.

Timely Payments and Compliance:
Avoid payroll tax complexities; we ensure smooth business operations.

Experience the Contact Advisory Services Difference:
We are your partners in success, committed to excellence and passionate about your business's prosperity. Explore the transformative benefits of outsourcing your accounting and payroll needs.
We are your one stop shop for all your corporate and financial services needs!

05/12/2023

Empower Your Business with Strategic Banking Solutions

A business bank account isn't just a financial tool; it's a strategic asset that facilitates effective financial management, boosts professionalism, ensures compliance, and supports growth. While navigating the process of opening a bank account might sometimes pose challenges, partnering with experts like Contact Advisory Services can help you overcome hurdles and establish a strong banking foundation for your business.
Contact Advisory Services has a dedicated Banking Services Division that possesses the essential expertise in providing assistance with the opening of bank accounts with local and international banks. We offer customized guidance to clients for efficient banking solutions with the right banking partner that can match their needs and goals.
As formal introducers with preferred local and foreign banks and electronic money institutions, our experts provide professional assistance throughout the process of opening and managing bank accounts.
Alternative banking options may be suggested to better cater for our clientele’s needs, when needed or upon request.
Our solutions extend to various sectors including iGaming, Fintech, and Shipping.

Our services include:

The provision of a list of banks and/or electronic money institutions together with a breakdown of their services

Introducing you to the bank/electronic money institution of your choice

Acting as an intermediary between you and the bank/electronic money institution

Assisting you in compiling and preparing all the bank’s application forms, documentation and due diligence requirements

Liaising with the bank/electronic money institution up to the opening of the account

Assisting with the opening of local personal and corporate bank accounts

Assisting with the opening of International Corporate bank accounts

Liaising with banking partners for the Provision of Debit and Credit Cards

Providing Assistance with Bank Accounts upkeep and continued support

Discover hassle-free banking solutions tailored to your needs and goals. Connect with us today and embark on a journey to a stronger banking foundation for your business.

04/12/2023

Office Space centrally located in Birkirkara

Managed Offices
350 sqm split into rooms/areas of different sizes to cater for various business needs.

Included
Water, Electricity
Shared Internet
Post incoming/outgoing
Use of boardroom
Equipped kitchen including free tea/coffee facilities
Common Bathroom/Shower room
Safe storage room.
Access card to own office and front door

Extra Services
Dedicated internet
Dedicated telephone line
Computer equipment
Telephone operator

Rates
Depending on your requirements :
€250 monthly - Hot desk
€600 monthly - One desk office
€1000 monthly - Two desk office
€1700 monthly - Five desk office

Contact Advisory Services Ltd. is the company that you can depend on for professional, across-the-board consultancy services in Malta. Specialised in the Remote Gaming Industry.

30/11/2023

Unlocking Business Opportunities in Malta: Your Ultimate Guide to Company Incorporation

INTRODUCTION:
Considering setting up a company in Malta? Look no further! Malta, a strategic business hub, beckons with its prime location, robust regulatory environment, and enticing tax benefits. This guide aims to unravel key insights into company incorporation in Malta, equipping you with the knowledge for a well-informed decision-making process.

WHY MALTA?
Discover the advantages Malta offers to entrepreneurs and businesses:

🌍 Strategic Location and Connectivity: Nestled at the heart of the Mediterranean, Malta serves as a gateway between Europe and Africa, providing convenient access to a wide range of markets for business expansion and international collaborations.

💼 Business-Friendly Environment: Malta embraces a business-friendly environment with a transparent and efficient regulatory framework that nurtures entrepreneurship, fairness, and institutional robustness. English, as an official language, simplifies international communications and ensures seamless integration for foreign companies.

🌐 Thriving Business Ecosystem: Malta has established itself as an international, world-class business ecosystem, fostering collaboration, innovation, and knowledge sharing. Hosting a diverse portfolio of industry players and service providers creates opportunities for networking and business growth.

📑 Supportive Regulatory Framework: The Malta Financial Services Authority (MFSA), renowned for its efficacy and expertise, provides a transparent and comprehensive regulatory framework. Flexible licensing options cater to various business operations, ensuring compliance with local laws.

🧑‍💼 Access to Talent: Boasting a talented pool of professionals, including experienced lawyers, consultants, accountants, and service providers, Malta ensures access to specialized knowledge necessary for the establishment and operation of businesses.

💰 Tax and Financial Incentives: Malta offers attractive tax incentives and financial advantages, encouraging foreign investment. The Maltese Fiscal Unit regime provides an effective corporate tax rate of 5%, fostering favorable tax conditions.

🛠️ Access to Service Providers: Malta hosts a wide array of service providers catering to various industries. From payment solutions to legal firms, these entities offer high-quality and specialized support to companies in various aspects of their operations.

🏛️ Strong Regulatory Infrastructure: With a robust framework for AML (Anti-Money Laundering) and regulatory compliance, Malta emphasizes high standards for a safe and secure business environment.

CONCLUSION:
Malta's combination of a business-friendly environment, strategic location, robust regulatory framework, tax incentives, and a sophisticated ecosystem is an ideal destination for foreign businesses. Whether establishing a B2C or B2B operation, Malta offers a thriving ecosystem, abundant opportunities for growth, and a strong commitment to high standards of regulatory compliance.

At Contact Advisory Services, we are dedicated to supporting both foreign and local companies in their journey to set up their business in Malta. Our team of seasoned professionals possesses extensive experience in various industries and can provide tailored solutions to ensure a seamless and successful entry into the Maltese market.

If you are considering establishing and/or expanding your business in Malta or seeking professional services, do not hesitate to reach out to us. We will go through the journey with you.

For further information, please refer to our website:
https://www.contact.com.mt/ or contact our Chief Commercial Officer on email: [email protected]

20/08/2021

https://www.mfsa.mt/news-item/mfsa-warns-regulated-entities-on-the-promotion-of-financial-products-or-services-linked-to-reward-or-giveaways/

As part of its role to protect consumers of financial services, the Malta Financial Services Authority recently issued a communication to regulated entities to remind them of their obligation towards...

05/08/2021

https://www.mfsa.mt/news-item/mfsa-appointment-of-chief-executive-officer/

The Malta Financial Services Authority (MFSA) Board of Governors has appointed Mr Joseph Gavin as the new Chief Executive Officer of the Authority, who will be formally taking on the...

29/01/2021

https://www.mfsa.mt/news-item/mfsa-publishes-document-on-ict-risk-and-cybersecurity-supervision/

On 28 January 2021, the Malta Financial Services Authority issued the third volume of ‘The Nature and Art of Financial Supervision’ series, focusing on ICT Risk and Cybersecurity Supervision. This...