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Malta Companies
| Company type | Private Limited Liability Company or Public Limited Liability Company |
|---|---|
| Share Capital | Private limited company: €1,200; Public limited company: €46,600 |
| Shareholders | Private limited company: 2-50; Public limited company: 2 or more |
| Incorporation time | 7-10 days |
| Company secretary | Must have at lease 1 company secretary |
| Annual Return | Required to file an annual return |
| Annual General Meeting (AGM) | Required to hold an AGM every year |
| Retention of books and records | Must be maintained and available if required |
Malta Companies
Introduction
Officially known as the Republic of Malta, Malta is a Southern European is land located in the central of Mediterranean Sea with an area of about 316 square kilometres and a populations of approximately 450,000. Malta has been a member of the European Union since May 2004. The official languages of Malta are Maltese and English.
Why Choose Malta as A Location for International Business and Investment?
Malta’s competitive tax system, extensive network of Double Tax Treaties, and its English-speaking educated workforce make it an increasingly popular business vehicle for companies from all over the world to register a company in Malta. Malta is currently signatory to almost 70 Double Tax Treaties and some interesting opportunities exist when putting into place the appropriate corporate structure. Corporate tax in Malta is calculated at a flat-rate of 35% on the gross profits based on the audited financial statements of the company. However, through the availability of a tax refund system granted to shareholders of Malta-registered companies, the overall net effective tax rate could be reduced to 0% in the case of holding company structures, and 5% in the case of trading companies. In either case, there are specific legal requirements that must be satisfied in order for shareholders to benefit from such tax refunds.
Type of companies available
- Private Limited Liability Company;
- Public Limited Liability Company;
- General Partnerships;
- Limited partnerships.
Company Name
Names identical or similar enough to create confusion, offensive or otherwise will not be eligible for registration. A public limited company has its name ending in ‘p.l.c.’, while a private limited company’s name ends in ‘Limited’ or its abbreviated version ‘Ltd.’. Any language using the Latin alphabet will be acceptable.
Share Capital
The minimum share capital for a private limited company is approximately €1,200, of which 20% must be paid up, while the minimum share capital for a public limited company is approximately €46,600 of which 25% must be paid up.
Directors
The minimum number of director for a private limited company is 1 and those for a public limited company is 2. Corporate director is permitted.
Company Secretary
The company must have at least 1 company secretary and the company secretary must be a natural person.
Shareholders
Typically 2 or more shareholders and shares may be held, amongst others, by individuals, corporate entities, trusts or foundations. The maximum number of a private limited company is 50 while there is no upper limit of a public limited company.
Registered Office
Every company must have a registered office address situated in Malta.
Incorporation Time
Upon receipt of all information, due diligence documents and remittance of funds, incorporation of a company in Malta usually takes between 7 to 10 days.
Annual Return
Every Company, irrespective of whether it is a private or public company, must file an Annual Return to the Maltese Registry of Companies on a yearly basis with its annual return fee. The annual return must be filed within 42 days after the date to which it is made up, i.e. its anniversary date of incorporation.
Annual General Meeting (AGM)
It is mandatory to hold Annual General Meeting every year and it should be held not more than 15 months between the date of one annual general meeting of the company and that of the next.
Accounting
It is required to file an audited financial statements prepared under International Financial Reporting Standards (IFRSs) with the Maltese Registry of Companies within 10 months plus 42 days after the end of the relevant accounting reference period. Tax return is required to file on an annual basis.
Retention of Books and Records
Malta-registered companies are required to keep proper accounting records and have their financial statements audited at the end of each financial year in accordance with the Malta Companies Act, 1995 and International Accounting Standards. The books and records should be retained for at least 10 years.
Other Advantages
- No withholding taxes apply on distribution of dividends to the shareholders;
- Stamp duty and capital gains exemptions apply to the transfer of shares in a Malta company by non-residents;
- No taxes or restrictions on the distribution of the dividends from the Malta company;
- No transfer pricing rules;
- No withholding taxes on interest and royalties to non-residents;
- No wealth taxes.
Services
Malta Company Incorporation
- Incorporation of a Malta company
- Advice on the incorporation procedures
- Preparation of incorporation documents
- Submission of incorporation documents to the Registered Agent of Malta
- Advice on options and procedures of opening a corporate bank account
- Preparation of one company chop, one seal, minute books, registers of directors and secretaries, Memorandum & Articles of Association and share certificates
Annual Maintenances of Malta Company
- MT Company Domiciliation including Registered Office & Company Secretarial Support;
- MT Annual Return Registry filing fee;
- Corporate Directorship;
- Secretary.
Providing proposed company name(s)
Check for availability
Providing company structure
E.g. issued shares, Director(s) and shareholder(s)'s info, passport copy, address proof within 2 months
Completing the payment
Preliminary stage
Preparation of the incorporation documents
2-4 working days
Submission of signed incorporation documents to the Registered Agent of Malta
Set up Malta company
7-10 working days
Why work with us?
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