Malta is one of the most prolific countries in the European Union registering a steady economic increase in the last few years. Among the industries supporting the economy is the real estate segment which is backed up by a strong construction sector. Foreign investors interested in opening a company in Malta can safely choose the construction industry given the incentives offered by the government to support this sector. Entrepreneurs also have plenty of projects to choose from: from large ones, like building office spaces or hotel buildings, to smaller ones dedicated to the residential real estate market.
Our company incorporation agents in Malta can offer information on the laws governing the construction industry.
Legislation related to the construction sector in Malta
Opening a company in the construction industry in Malta implies respecting various laws. Among these the Company Law which refers to the company registration procedure in Malta, followed by the laws related to the construction segment. Among these are:
- – the Development Planning Law;
- – the Building Regulations Act;
- – the Environmental Management Construction Site Regulations;
- – the Energy Performance of Building Regulations;
- – the Avoidance of Damage to Third Party Property Regulations.
It should also be noted that the Maltese construction industry has its own Code of Practice. Also, the Building Regulations Law underwent several changes in 2016.
Registering a construction company in Malta
Foreign investors who want to establish companies in the construction sector in Malta must first register the company with the Trade Register followed by complying with the requirements imposed by the Building Regulation Office and the Malta Environment and Planning Authority (MEPA). The latter is also the authority issuing the necessary licenses for construction companies or contractors in Malta.
Apart from obtaining the special licenses issued for this industry, construction companies in Malta must also comply with the Employment Law which provides for special provisions related to the safety of workers on building sites.
For complete information on all the requisites for opening a company in the construction sector in Malta, please contact us. Our company formation consultants in Malta can also assist with the company registration process.