Company registration in Malta

General information

Island of Malta is located in the south of the Mediterranean. From the middle ages its convenient location attracted a variety of European country rulers, in result frequent changes in leadership. In 1894 Malta came under British rule and until 1964 remained under the auspices of the queens of the sea. Even after the independence of the island remains within Commonwealth.

At present, Malta is a parliamentary republic, the member of European Union. State leaders take full advantage of its favorable geographical location and, despite the lack of resources and shortage of space that would be suitable for food production, the economy is developing in good pace and the standard of living is quite high. The island is used as a transit point to Europe, as a local production center, and is very attractive for tourists. The main areas are the financial funds and trust activities, ships and aircraft registration, and gambling.

Type of company

The most popular type of companies is the – Malta Private Limited Company – Limited Liability Company.
In Malta to entrepreneurs are available following legal forms for companies:
– Limited Liability Company;
– Open Joint Stock Company;
– Company with unlimited liability;
– Company limited by shares;
– The branch of a foreign company;

Key specials

Malta has signed 57 the bilateral agreements to avoid double taxation. There are including the following countries: Austria, Belgium, Bulgaria, Great Britain, Germany, Denmark, Greece, Ireland, Italy, Canada, China, Norway, Poland, Romania, Singapore, Slovakia, United States, France, and Sweden.

Corporate law

The Companies Act (Companies Act 1995).

Share capital

Open Joint Stock Company – 17 000 Euro;
Limited Liability Company – 7500 Euro;

Bank account opening

For companies registered in Slovenia, we propose the opening of bank accounts in the following countries:
Latvia
Estonia
Lithuania
Switzerland
Cyprus
Denmark
Art. Vincent and the Grenadines
Belize
Seychelles
Tanzaniya
Bosnia
Hong Kong
Dubai

The main requirements for the directors and shareholders of the company

The legal status of – a legal entity
Founders, shareholders – at least two
The residence of – can be from any country
Status – private or legal person
Governments
The Director – minimum of one
Status – private or legal person
The residence of – one of the directors must be a resident of the Republic Malta
Secretary – must be (private person)
* Registered office address must be in Malta

Taxation

VAT (Value Added Tax) – 18%
Income tax is – 35%
Tax on dividends – 0%
Interest and royalties to 10%.

Accountancy

Companies registered in Malta should keep accounting records
-Annual report (income statement, statement of cash flows, statement of changes in equity)

Timeframes

New Company registration takes from 1 day.
Shelf companies are available.

For more information, please contact us.