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Company registration in Malta

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Advantages of choosing Malta for company formation and registration

Company registration in Malta offers several advantages, including:

These factors make the jurisdiction an attractive destination for Malta company formation, especially for businesses looking to expand within the EU and Mediterranean region.

Malta Company Registration Services

We can provide a wide range of services to assist businesses in registering a company in Malta. Here's a list:

By providing these services, we can greatly facilitate the process of setting up and running a business in Malta, helping to ensure compliance with local laws and optimizing for business success.

Types of Maltese companies

Below is the overview of company types available in Malta

Malta Company Formation Requirements

Malta company registration procedure entails several requirements that must be met. These include:

Malta Company Incorporation: Legal and Taxation Insights

Company formation in Malta offers a range of legal and taxation advantages, making it a favorable jurisdiction for business operations. Here are some key insights:

Legal Insights:

EU Compliance. As an EU member state, Maltese corporate law is harmonized with EU directives, ensuring a stable and predictable legal environment.

Types of Companies. The most common company forms are the private limited liability company (Ltd.) and the public limited liability company (plc). There are also options for partnerships.

Corporate Governance. Maltese law requires a minimum of one director for private companies and two for public companies. A company secretary is mandatory for all types.

Registration and Documentation. Companies must be registered with the Malta Business Registry, and key documents include the Memorandum and Articles of Association.

Flexibility in Company Structure. Malta offers flexibility in structuring a company, including the use of nominee shareholders and directors for confidentiality

Legal System. Malta’s legal system, based on both civil law and common law principles, is well-regarded for its robustness and fairness.

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Taxation Insights

Corporate Tax Rate. The standard corporate tax rate is 35%. However, effective rates can be significantly lower due to Malta’s full imputation system and tax refund system.

Tax Refund System. Shareholders of Maltese companies can be eligible for significant tax refunds on the tax paid by the company, potentially reducing the effective tax rate to between 5% and 10%.

No Withholding Taxes. Malta does not impose withholding taxes on dividends, interest, and royalties paid to non-residents, with some exceptions.

Double Taxation Relief. Malta has an extensive network of double taxation treaties with over 70 countries, minimizing tax liabilities for international businesses.

EU Parent-Subsidiary Directive. As an EU member, Malta applies the EU Parent-Subsidiary Directive, exempting dividends received from EU subsidiaries from Maltese tax.

Participation Exemption. Profits derived from a ‘participating holding’ (a shareholding in a non-resident company) are often exempt from Maltese tax.

VAT Compliance. Businesses must comply with Maltese VAT laws, which are aligned with EU directives. VAT registration is mandatory for certain thresholds of turnover.

Understanding these legal and taxation aspects is crucial for anyone considering incorporating a company in Malta. The country's favorable conditions offer compelling advantages for business, particularly for those looking to operate within the EU or seeking an efficient tax structure.

Ongoing Corporate Compliance and Governance

For a Maltese company, ongoing corporate compliance and governance involve adhering to local laws and regulations, maintaining accurate financial records, submitting annual returns and financial statements to the Malta Business Registry, holding annual general meetings, ensuring tax compliance, and upholding standards of corporate governance as per Maltese law. This ensures the company operates transparently, ethically, and in line with regulatory requirements.

Malta company formation process

If you want to register a company in Malta, you have to follow a determined process. The process of forming a company in Malta is relatively straightforward and involves several key steps:

Choosing a Company Type. As a first step within the Malta company formation process, you have to decide on the type of company to be formed, typically either a private limited liability company or a public limited company.

Company Name Reservation. Select a unique company name and get it approved by the Malta Business Registry. This ensures that no other company is registered under the same or a similar name.

Drafting the Memorandum and Articles of Association. As a part of the process of incorporation of company in Malta, you will have to prepare these key documents. The Memorandum must include details such as the company name, registered office in Malta, objectives of the company, share capital, and details of the shareholders. The Articles of Association outline the company’s internal regulations.

Minimum Share Capital. Deposit the minimum share capital in a bank account. For a private limited company, the minimum share capital is €1,165, with 20% paid up. For a public limited company, it's €46,588, with at least 25% paid up.

Registering the Company. Submit the Memorandum and Articles of Association, along with proof of share capital deposit and other documents, to the Malta Business Registry.

Appointment of Directors and Company Secretary. Appoint the required number of directors and a company secretary. Their details will be included in the company’s registration documents.

Registration Fee. Pay the necessary registration fee to the Malta Business Registry. The fee varies depending on the company’s share capital

Receiving the Certificate of Registration. Once the Malta Business Registry processes and approves the application, the company will be officially registered, and a Certificate of Registration will be issued.

Tax and VAT Registration. Register the company with the Maltese tax authorities for income tax and, where applicable, Value Added Tax (VAT).

Opening a Corporate Bank Account. Open a corporate bank account for business transactions.

Appointing an Auditor. Appoint an auditor after the company's registration.

Ongoing Compliance. Ensure ongoing compliance with Maltese corporate laws, including filing annual returns and financial statements, holding annual general meetings, and maintaining proper accounting records.

Additional Business Services in Malta

Except for company formation, we can help you with legal advice on corporate and tax structuring, compliance and regulatory matters, assist with opening a bank or other account for the Maltese company, and obtaining of a gaming license.

InteliumLaw's advantage in company registration in Malta

Expertise in Maltese Law

We have a deep understanding of Maltese corporate law, ensuring compliance and efficient handling of the registration process.

Streamlined Registration Process

We offer a streamlined and simplified company registration process, which can be particularly advantageous for foreign investors unfamiliar with local procedures.

Tailored Legal and Tax Advice

The firm could provide tailored legal and taxation advice, helping companies optimize their operations in line with Maltese laws and tax regimes.

Network and Connections

We have established networks within Malta’s business, legal communities as well other Malta company formation agents and that is a significant advantage, facilitating smoother business operations for clients

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FAQ

How much does it cost to set up a company in Malta?

Malta company formation cost can vary depending on several factors such as the type of company being registered, its share capital, and the services used for the registration process. Generally, the Malta company registration fees paid to the Malta Business Registry are based on the company's authorized share capital. Contact us and we will provide you with a fee quote.

What other fees do I need to consider except for Malta company formation fees?

When forming a company in Malta, you should anticipate several additional costs beyond the initial formation fees. These include legal and professional fees if you engage in services like lawyers, accountants, or corporate service providers. If you lack a physical presence in Malta, there will be expenses for a registered office service. Opening a corporate bank account might involve certain bank charges. For businesses requiring specific licenses or permits, there will be associated fees. Ongoing compliance with Maltese corporate law, such as filing annual returns, also entails certain costs. Regular expenses for auditing, accounting, and operational activities like rent, utilities, and salaries (if you're setting up an office or hiring staff in Malta) are additional considerations. Insurance costs, depending on your business type, may also add to your overall expenses. It’s crucial to budget for these aspects to ensure the smooth operation and compliance of your business in Malta.

Why do companies set up in Malta?

Companies are drawn to set up in Malta due to its strategic Mediterranean location, serving as a bridge between Europe and North Africa. As an EU member, Malta provides access to the European single market. The country offers a favorable tax regime with potential for significant reductions in effective tax rates, supplemented by a wide network of double taxation treaties. English being an official language simplifies international business communications. Malta's skilled, multilingual workforce is attractive, particularly in sectors like technology and finance. The business-friendly environment, bolstered by a robust legal and regulatory framework, is conducive to sectors such as financial services and iGaming. Additionally, Malta's high standard of living and stable economy make it an appealing destination for businesses seeking growth and stability within the EU.

Can a foreigner start a business in Malta?

Yes, a foreigner can start a business in Malta. The country is known for its business-friendly environment and offers a straightforward process for foreigners to establish a company. Malta's entry into the European Union and its strategic location in the Mediterranean make it an attractive location for international business operations

What are the documents required to incorporate a company in Malta?

An application form for the company needs to be completed, accompanied by necessary due diligence documents such personal identification documents.

How long does it take to incorporate a company in Malta?

A few days after the submission of the documents to the authority.

Is it possible to proceed with the Malta company formation online?

it is possible to proceed with Malta company formation largely online. The Malta Business Registry offers online services that allow for the electronic submission of documents required for company registration. However, some stages still require interaction with physical documents.

What is the minimum share capital for a private company in Malta?

The minimum share capital for a private company in Malta is €1,165. However, it's important to note that only 20% of this amount needs to be paid up at the time of incorporation. This means that the actual minimum paid-up capital required at the time of setting up the company is €233

Do I need to have a local address to register a company in Malta?

Yes, to register a company in Malta, it is required to have a local registered office address within the country. This address serves as the official legal address of the company and is used for all formal communications and legal notices. The registered office address does not necessarily need to be the place where the company conducts its business activities, but it must be an address in Malta where official documents can be legally served. For businesses without a physical presence in Malta, it's common to use the services of a local corporate service provider who can offer a registered office address.

Are there any special requirements for non-EU residents to form a company in Malta?

Non-EU residents can form a company in Malta, but there are a few additional considerations and requirements compared to EU residents such more complicated due diligence requirements

Is it mandatory to have a local bank account for a Maltese company?

Crucially, Maltese companies are not legally bound to open bank accounts exclusively with banks that are licensed in Malta. They have the flexibility to set up bank accounts in any jurisdiction.

How many directors and shareholders are required in a Maltese company?

In a Maltese company, at least one director and one shareholder are necessary.

What is the corporate tax rate in Malta?

The corporate tax rate in Malta is set at 35%. However, due to Malta's unique tax system, the effective tax rate can be significantly lower for shareholders, particularly foreign shareholders, who can benefit from Malta's tax refund system. This system often results in an effective tax rate that is considerably lower than the nominal rate of 35%.

Is Malta an offshore?

Malta is not considered an offshore jurisdiction in the traditional sense. It is a member of the European Union and adheres to EU regulations and standards, particularly in financial services, taxation, and anti-money laundering measures. Unlike typical offshore jurisdictions, Malta has a more transparent and regulated financial system, and it actively complies with international tax laws and cooperation agreements.

Other services

Incorporation of Companies Abroad

Business registration abroad

The main task of every entrepreneur is the development of his business. And the main condition for the realization of this goal has always been an increase in sales. A successful solution will be to increase profitability thanks to entering the foreign market. And for this, an entrepreneur must understand how to open his own company abroad so that it fully meets the requirements of the local legislation. Advantages of registering a company abroad Registering an enterprise in another country has many advantages. Many states care about attracting entrepreneurs from other countries. Therefore, the local government introduces special privileges and creates the most loyal conditions for the activities of foreign companies. The modern market dictates new conditions to entrepreneurs. One of the main trends in it is a very high level of competition. Therefore, company owners are often forced to enter foreign markets in order to be able to continue business development and increase profitability. Sometimes the choice of a foreign jurisdiction for conducting business may be determined by the specifics of the business itself and its regulation in the relevant state (for example, obtaining licenses). Among the main benefits for entrepreneurs, the following can be noted: selection of a jurisdiction with optimal conditions and legal basis for the company; an opportunity to attract more investors; increasing the number of buyers and clients; the ability to find markets with minimal competition; the opportunity to use benefits from the state; favorable taxation systems. When a business owner chooses a jurisdiction, it is important for him to consider all the nuances of the company’s activities. For some, the most important are the registration deadlines and the absence of bureaucratic complications. For others, the most important thing is a wide range of registration forms. Some businessmen are looking for opportunities to remotely manage and open virtual offices. For some, a loyal taxation system is a priority. Most often, favorable competitive conditions are offered in Asian countries. Incompletely developed markets make it possible to bring the company to a fairly high level of profitability in a short period of time. Also, in Asian countries, you can count on the provision of various grants and loans on preferential terms. Each Asian country offers different conditions. For example, in Malaysia, entrepreneurs will have the lowest costs for establishing and developing a business. In general, the costs of maintaining a company here are among the lowest. The markets of European countries are already fully developed. But businessmen in this region are most attracted by the stability of the country’s economy, protection by local legislation, as well as the jurisdiction’s reputation in the eyes of potential partners. How to quickly and easily open a company abroad? It is quite difficult to implement this task on your own. Help will be needed even at the initial stage – during the selection of a jurisdiction. After all, how efficiently your company will work in the future depends on this. Our company performs Incorporation of Companies Abroad on optimal terms. Professionals will analyze your company’s activities and select the state with the best conditions. At the same time, they necessarily take into account all the wishes of the customer and the peculiarities of local legislation. Our experienced lawyers know all the nuances of this procedure. Therefore, business owners do not have any problems with the preparation of documents or obtaining the necessary permits. By contacting our company, you will not only get a great opportunity to scale your business, increase profits and reduce costs, you will relieve yourself of troubles when performing these tasks. Our specialists will provide professional support and help you achieve the desired result. Leave Us A Message And we wil get back to you Contact Us Our cases Other services Leave a request for a service The accumulated experience and tracking of future changes in this area allow us to be proactivefor our clients and develop the most adapted business structures to modern conditions. By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.

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Bank and merchant accounts opening

Inteliumlaw has a developed network of foreign banks and non-banking financial institutions, as well as payment aggregators around the world to offer our clients tailored Payment Solutions for Business. We help our clients with the selection of an institution for opening an account that meets their goals and wishes and fully support the account opening process, including bank compliance stage. We provide services for opening personal and corporate, current, savings and wealth management accounts, merchant accounts, accounts in crypto-processing, which allow our clients to accept payments in crypto-currencies. Corporate accounts well-functioning Corporate Bank Account is an important element for any type of businesses, regardless of jurisdiction or industry. Company exists only on paper if it does not have a bank account. It could not be a fully-functional market participant, conduct its activities, accept incoming and make outgoing payments, accumulate earned funds, and distribute profits. Even working with cryptocurrencies, in order to organize transparent activity of your business, increase economical substance, etc. your company will need a bank account, as well as solutions allowing processing of crypto-payments on your web-site and conversion of cryptocurrencies into fiat. Based on the analysis of your business, our firm will advise you on payment solutions the most suitable for your business needs and help you to Open Bank Account with a Foreign Bank. It could be a traditional account with a foreign bank and/or account with non-banking financial institutions (Electronic Money Institutions, Payment Institutions), integration with payment aggregator or crypto processing. Process of opening accounts in banking institutions is becoming an increasingly complex. Banks are ready to consider the most transparent businesses with a low-risk level, in particular traditional offline businesses. The nexus approach becomes more popular, as a result just limited number of banks accept foreign companies (not incorporated in/tied to the country of bank location). Given all the difficulties with opening accounts in traditional banking institutions, accounts in non-banking financial institutions (EMI or PI) are considered as solutions for online businesses – software companies, eCommerce, digital marketing, online gambling and others. At the same time, it should be noted that due to the tightening of global legislation in the field of combating the financing of terrorism and money laundering, passing the Know Your Client (KYC) procedure during the acceptance of clients has become more difficult not only in banks but also in non-banking financial institutions. To open an account, it will be important for the client to show the business plan for the project / business, justify the source of wealth for the business and beneficiaries, ideally, disclose the experience in the chosen business field, the planned first contracts with clients, and so on. Inteliumlaw will be happy to assist you with selection of a relevant payment solution for your business, support the process of account opening and make it to the extent possible smooth and easy. If you have any questions or require assistance, please contact our specialists. Personal bank account Opening personal accounts in reliable banking jurisdictions for the placement of distributed profit, saving and disposing of personal funds is a matter of particular importance that every business owner faces. The choice of a bank in this case can significantly affect the level of asset protection. Depending on the goals pursued by the client, it is possible to open two types of accounts: current account and savings account. It should be note that today only few banks are ready to consider foreign clients for the purpose of current accounts opening. In this regard, accounts in non-banking payment institutions (Electronic Money Institutions, Payment Institutions) are becoming increasingly popular, which, due to their functionality, can fully replace ordinary banks. Savings accounts It should be note that today only few banks are ready to consider foreign clients for the purpose of current accounts opening. In this regard, accounts in non-banking payment institutions (Electronic Money Institutions, Payment Institutions) are becoming increasingly popular, which, due to their functionality, can fully replace ordinary banks. Today, the process of personal account opening is no less complicated than the process of opening a corporate account. Banks carefully check the candidacy of potential clients within the KYC procedure. Among others, the key aspects of the research are the source of origin of clients’ funds, its history, reputation, etc. If you are interested in opening of a personal current or savings account, please contact our specialists, we will be happy to help you with your query. Leave Us A Message And we wil get back to you Contact Us Other services Leave a request for a service The accumulated experience and tracking of future changes in this area allow us to be proactivefor our clients and develop the most adapted business structures to modern conditions. By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.

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Ongoing Legal Support

The activities of any company must comply with the current legislation. It is difficult to imagine all processes without legal business support. The specialists of Intellium Law know all the peculiarities of work and legal regulation of various areas of business and have extensive experience in legal support of IT, gambling, e-commerce, cryptocurrency business, production, trade, restaurant business, telecommunications business, investment business, real estate business and other areas. This allows our specialists to provide high-quality business legal support services to companies of any size and form of ownership. Legal support and business protection: what is it? Complex legal support of business involves a whole series of measures aimed at supporting business in compliance with the necessary regulations. It also allows you to prevent and reduce legal and tax risks, protect the capital and interests of the owners of the company/group. The procedure involves legal management of operational activities, verification of counterparties, agreements and documentation. By agreement, legal support may include participation in the company’s litigation, which, in most cases, is not included in the usual package. Many business owners prefer to have an in-house lawyer. But subscription legal business support from law firms offers more advantages. Here are the most famous of them: Cost reduction. Usually, the services of a third-party firm are cheaper than paying the salary of an in-house lawyer on an ongoing basis. Collective support. One specialist will not be able to perfectly understand all the nuances of each process. A team of professionals will cope with any tasks much better. Diligence. One lawyer cannot always cope with a high workload and keep track of all changes in legislation. Speed. The team will be able to cope with a much larger volume of work in a shorter period of time than one specialist. Quality. Usually, in law firms, any task goes through several levels of review from a junior to a senior specialist and final approval by partners. In what cases are business legal support services required? Running a business without subscription legal service and support is a very risky activity. After all, the company carries out activities with a constant risk of violating the current law and is legally unprotected. Therefore, it should be emphasized that legal support of small businesses, medium and large enterprises is a daily necessity. The service of legal support for business purchase and sale agreements and investment projects is also very popular. In this case, the buyer has confidence that the company’s activities comply with the current laws and the criteria stated by the seller, and that the investment asset is properly registered and will not create any legal/tax risks for the investor. Leave Us A Message And we wil get back to you Contact Us Other services Leave a request for a service The accumulated experience and tracking of future changes in this area allow us to be proactivefor our clients and develop the most adapted business structures to modern conditions. By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.

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Leave a request for a service

The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.

By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.

LEAVE A REQUEST FOR A SERVICE

The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.

By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.