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.
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.
Our company formation forms pack and our Schedule of Fees for company formation and annual maintenance fees are available on request.