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Malta

Introduction

Malta is officially known as the Republic of Malta. It is a Southern European island country consisting of an archipelago in the Mediterranean Sea. The country covers just over 316 km2(122 sq mi). Malta has a world - class information and communications technology infrastructure, English as an official language, good climate and its strategic location.

Population

Over 417,000 residents.

Official Languages

Maltese and English.

Political Structure

Malta is a republic whose parliamentary system and public administration are closely modelled on the Westminster system.

The country became a republic in 1974. It has been a member state of the Commonwealth of Nations and the United Nations, and joined the European Union in 2004; in 2008, it became part of the Eurozone. Administrative divisions: Malta has had a system of local government since 1993, based on the European Charter of Local Self-Government.

Economy

Currency

Euro (EUR).

Exchange Control

In 2003, the Exchange Control Act (Chap. 233 of the Laws of Malta) was overhauled and re-designated as the External Transactions Act as part of Malta’s legal and economic preparations to become a full member of the EU. There are no Exchange Control regulations in Malta.

Financial services industry

The financial services sector is now a major force in the country’s economy. Maltese law provides for a favourable fiscal framework for the provision of financial services, and endeavours to establish Malta as an attractive, regulated international business centre.

Nowaday, Malta is internationally recognised as a brand denoting excellence in financial services. It offers an attractive cost- and tax-efficient base for financial services operators looking for a European Union-compliant, yet flexible, domicile.

FinanceMalta was established to promote Malta as an International Business and Financial centre within, as well as outside, Malta.

It brings together the resources of the industry and government to ensure Malta maintains a modern and effective legal, regulatory and fiscal framework in which the financial services sector can continue to grow and prosper.

Malta has some significant strengths to offer the industry such as a well-trained, motivated workforce; a low-cost environment; and an advantageous tax regime backed up by more than 60 double taxation agreements.

Corporate Law/Act

Type of Company/Corporation

We are providing a Incorporation service in Malta for any business global investors. The type of Company/Corporation is Private Limited Liability Company.

Company Name

The company may adopt any name that is not already in use as long as it is

not found objectionable by the Registrar of Companies.

The name must include “Public Limited Company” or “P.L.C.” for a public company and “Limited” or “Ltd” for a limited liability company or a contraction or imitation thereof and which is not the name of a duly registered company; The Registrar may be asked to reserve a name or names for a company in formation. Under the Companies Act Chapter 386.

Under a name or title which contains the words "fiduciary", "nominee" or "trustee", or any abbreviation, contraction or derivative thereof, which is not the name of a company which is authorised to use such name as provided in sub-article.

Company Information privacy

A commercial partnership is obliged to disclose the details below in its business letters, order forms as well as internet websites:

  • Its name
  • Kind of commercial partnership
  • Its registered office
  • Its registration number

Incorporation Procedure

* Procedure to set up a Company in Malta.

A company is established by virtue of a memorandum of association, which must, as a minimum, contain the following:

  • Name of the company
  • Its registered office in Malta
  • Objects of the company, which cannot be described as trade in general
  • Description of the authorised and of the issued share capital – where the share capital is divided into different classes of shares, a description of the rights attaching to the shares has to be given
  • Particulars of the shareholders and their respective subscription
  • The number of directors and the particulars of the first directors
  • Particulars of the company secretary
  • The manner in which the legal and judicial representation of the company is vested and exercised
  • Terms and manner of issue and redemption of preference shares

Just 4 simple steps are given to incorporate a Malta Company so easily:

  • Step 1: Select basic information and other additional services which you want (if any).
  • Step 2: Register or login and fill in the company names and director/ shareholder(s) and fill in billing address and special request (if any).
  • Step 3: Choose your payment method (We accept payment by Credit/Debit Card, PayPal or Wire Transfer).
  • Step 4: We send the Company kit to your address and then Your Company is established and You are ready to do business in your favourite Jurisdiction.

* These documents required to Incorporate Malta company:

  • Passport of each shareholder/beneficial owner and director;
  • Proof of residential address of each director and shareholder (Must be in English or certified translation version);
  • The proposed company names;
  • The issued share capital and par value of shares.

Compliance

Capital

A minimum share capital of approximately 1,200 EUR that can be denominated in any currency.

Share

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.

Director

  • 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.

Shareholder

Shareholders can be individual or corporate are accepted.

Beneficial Owner

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.

Taxation

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.

Finance statement

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.

Company Secretary

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.

License

License Fee & Levy

  • Registration fee - paid to the Registry of Companies.
  • Initial Government licence fee payable on incorporation.

Payment, Company return date Date

  • Ensuring that your company is kept in good standing through payment of the annual government fee and filing of annual documents.
  • Registration and annual Malta Financial Service Authority (MFSA) fees depend on the amount of authorised share capital that the company is allowed to issue. Annual fees payable to the MFSA range from 100 EUR to 1,400 EUR, such annual fees are paid yearly with the presentation of the Annual Return which states the share capital, and lists the shareholders, directors and company secretary.

About us

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