Company Directors & the Companies Act
A private company must at all times have a minimum of one director.
Directors manage all the business of the company save for business that falls within the competence of general meetings.
The number of directors and the identity of the first directors of a
company are to be specifically included in the company's Memorandum of
Association. Subsequent directors are appointed by ordinary
resolutions at general meetings. Directors may either resign or be
removed or not have their terms renewed. A director is removed by
an ordinary resolution taken at a general meeting of the company.
Company Management & Local
Directorship Services
Chetcuti Cauchi is able to provide or procure resident directors for
companies registered in Malta ensuring the company's effective
management and control in Malta. Our associated companies organized under the laws of
and incorporated in Malta act are able to provide full management
services and act as Directors and Managers of Malta
companies.
The responsibilities of the resident Director / Manager include ensuring that
the Malta company operates in compliance with Maltese law and regulations
including the Companies Act, the Income Tax Act and the Income Tax
Management Act, and, where applicable, with the Remote Gaming Regulations 2004.
The Director is also responsible for liaising with the local authorities and
to procure local secretarial, accounting and legal services for the
company as necessary.
Further, our subsidiary
Claris Trustees & Fiduciaries Ltd is authorised by the Malta Financial Services
Authority (MFSA) to act as trustee and to provide general corporate
fiduciary services.
Costs and Fees
Our company formation forms pack and our Schedule of Fees for company
formation and annual maintenance fees are available on request.
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