A minimum share capital of approximately 1,200 EUR that can be denominated in any currency.
Shares may be of different classes, having different voting, dividend and other rights. All shares must be registered. A private company is not permitted to issue bearer shares.
- Public companies: at least two directors.
- Private companies: one directors.
Foreign directors are also allowed. It is not required for the director to be a resident of Malta. Directors details are available for public viewing at the Companies Registry.
Shareholders can be individual or corporate are accepted.
All information concerning the identity of the beneficial owners will be maintained by the Registry of Companies on its own register of beneficial owners, which register shall be limitedly accessible as from the 1st April, 2018 by the persons indicated in the Regulations being:
- Relevant competent authorities;
- Persons subject to obligations relating to the prevention, combating and detection of money laundering and combating of financing of terrorism;
- Other persons and organisations who submit a written request and show a legitimate interest in the information they seek to access.
Malta also offers a very attractive tax system that can be highly beneficial to companies registered or resident here.
Tax is charged at a standard rate of 35% on the chargeable income of the company.
Malta is the only EU member state that applies the full imputation system; shareholders of a Malta Company are entitled to claim a refund of the tax paid by the company whenever a dividend is being distributed, so as to avoid the double taxation of corporate profits.
A registered Malta company is required by law to submit an annual return to the Registrar of Companies, and to have its annual financial statements audited.
A Maltese company must appoint a Company Secretary who is responsible for keeping the statutory books, we can provide this required service for your Maltese company. Every Maltese company must maintain a registered office in Malta. Any changes made to the company's registered office must be notified to the Registrar of Companies.
Double Taxation Agreements
Malta has entered into treaties for the avoidance of double taxation with close to 70 countries (most of which are largely based on the OECD Model Convention), grants relief from double taxation using the credit method.