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practice groups  >  corporate services department  >  company types  Malta company formation

Malta Companies Malta International Companies

     

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Our Corporate Services Department

 

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Company Formation & Administration

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Our Corporate
Services Team

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Company Law
Library

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Company Types

 Limited Liability
 Companies

 

 Branches

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 Co-operatives

 

 General
 Partnerships

 

 Limited
 Partnerships

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Company Uses

     
     
  Related Services:  

Commercial Law  

Employment Law  

Tax Law  
     
     

See also:

Company Tax System

Collective Investment Schemes

Private Investment Funds

Malta Trusts

Manufacturing Companies

BPA Incentive Companies

Financial Services in Malta

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Malta Companies with Limited Liability

The Companies' Act distinguishes between a private limited liability company and a public limited liability company. A private company is one that, in its constitutive document, restricts the rights to transfer shares, limits the number of its members to fifty and prohibits any invitation to the public to subscribe for any shares or debentures of the company. A private company can further be established as a private exempt company or a single member private exempt company. 

By exclusion, a public company is defined as a company that is not a private company as defined.

The basic statutory requirements for the formation of a Malta Company and its principal characteristics are as follows:

Corporate Requirements for Malta Companies

Standard issued share capital

EUR1,250 (approx. USD1500)
(in any foreign currency)

Minimum paid up share capital on incorporation:

20% (EUR250 - approx. USD300)*

Minimum number of Shareholders required:

One shareholder (if the company director is a natural person) or

Two shareholders (if the director is corporate).

(At least one non-resident shareholder)

Nominee shareholders permitted:

Yes

Minimum number of directors:

One. In certain cases, director may also act as company secretary.

Local directors required:

No, but strongly recommended

Corporate directors permitted:

Yes, resident directorship services provided

Local company secretary required:

Any nationality, company secretarial services provided

Local meeting required:

No

Meetings:

At least one General Meeting each year, in addition to any other company meetings.

Local Registered office required:

Yes. We offer registered office services to Malta Companies.

Exchange Control:

No exchange control regulations - may conduct business in any currency

Average timeframe to set up a new company

24-48 hours (depending on availability and adequacy of documentation/information provided)

* except where the Malta Company makes use of nominee directors.

Malta Company Taxation

Malta Corporate tax rate:

35% (reduced to 5-10% after tax refunds to shareholders)

Malta Tax residence to benefit from Tax Treaty network:

Based on incorporation in Malta (Certificates of Tax Residence available)

Ordinary tax base:

Worldwide income

Withholding tax on interest:

None

Withholding tax on dividends:

None

Withholding tax on licence fees and royalties:

None

Double taxation treaties:

Treaties with 43 countries

Withholding tax on dividends

None

Value Added Tax rate (trading only):

18% - only for intra-EU trading

 

Disclosure and Reporting for Malta Companies

Disclosure of beneficial owner to Company Registrar

No (confidential nominee shareholding services provided)

Government register of directors

Yes (local director services provided)

Government register of shareholders

Yes (nominee shareholding services provided)

Annual return

Yes

Submission of accounts

Yes

Audit

Yes

Confidentiality

Shares may be held on behalf of an undisclosed beneficiary by Claris Trustees & Fiduciaries Ltd, our trust management and nominee company licensed by the Malta Financial Services Authority.

Exemption from Exchange Control Regulations

In view of Malta's EU membership, exchange control laws have long been abolished.

Expatriate Employees

Company may operate an office in Malta and employ skilled expatriates in Malta. Foreign employees paid in Malta will be subject to National Insurance and local Income tax regulations. Tax rates vary between 0 - 35%, depending on the declared salary of the employee.  We are able to assist you with applications for work permits in Malta.

Bank Accounts for Malta Companies

Malta companies may hold bank accounts in Malta or elsewhere. We enjoy very healthy banking relationships with the main banks in Malta, including major international banks.  Cheque books and credit / debit cards are availability in a wide choice of currencies.  Resident and non-resident bank accounts are available with comprehensive telephone, internet and mobile banking facilities are available.  International commercial and trading finance facilities are excellent.

Documentation Requirements for Company Formation

A full documentation package and details of fees and costs will be provided on request.

Malta Companies News

Chetcuti Cauchi partners to speak at Specialised Investment Funds Conference in Geneva & Luxembourg  [19/04/2011]

Jean-Philippe Chetcuti presents Malta's attractiveness as a tax planning and wealth management jurisdiction at Family Office Forum, London [14/04/2011]

Switzerland & Malta sign Double Tax Agreement  [25/02/2011]

Transcontinental Trusts 2010 - 25th Annual Conference 30/06/2010 - 01/07/2010

Malta-Isle of Man sign double taxation agreement [23/10/2009]

Malta-Georgia sign double taxation agreement [23/10/2009]

 

Practice Groups:

Art & Cultural Property

Aviation Law

Commercial Law

Company Law

Corporate Services

Employment & Labour

Financial Services

Lotteries & Gaming

Immigration & Relocation

Insurance

Intellectual Property

Media & Entertainment

Property & Development

Public Service

Shipping & Yachts

Tax

Technology & Telecoms

Trusts & Estates

 

 

 

  

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