THE MAIN CHARACTERISTICS OF MALTA COMPANY

General

Type of entity Private Limited Liability Company
Type of law Civil
Political stability Good
Our time to establish a new company 2-3 days
Corporate Taxation 35%, of which 31% are reimbursed to shareholders 6 months later or effective tax rate may be reduced to 0%-10%
Double taxation treaty access/td> Yes

Share Capital or Equivalent

Standard currency EUR
Permitted currencies Any convertible currency
Minimum amount of capital to be free 20% at the constitution
Share Capital common EUR 1165

Directors

Minimum number One
Local required Not
Local required Not
Publicly accessible records Yes
Location of meetings Anywhere

Shareholders

Minimum number Two
Publicly accessible records Yes
Location of meetings Anywhere

Company Secretary

Required Yes
Local or qualified Yes

Accounts

Requirement to prepare Yes
Audit requirements Yes
Requirement to file accounts Yes
Publicly accessible accounts Yes

Other

Annual Return Yes
Annual Return Fees EUR 100

Presentation of jurisdiction

Malta is an island country in Southern Europe. It is a unique crossroads of the Mediterranean archipelago, where the intertwined different nations, cultures, religions, languages – it is the richness of the island, or simply an open air museum. Malta’s economy is based on tourism service and international trade industrial electronic equipment and appliances. And even though, Malta is a Civil Law Jurisdiction, all modern legislation including company tax and maritime laws are modelled on their UK counterpart, still Malta has its own features that set it apart from the UK for offshoring solutions.

Who should choose Malta`s Company: Malta Offshore and for which activities?

Who?

  • Entrepreneur;
  • Consultants;
  • Stockbrokers.

Which activities?

  • International trade;
  • Inheritance purposes;
  • Holding of intellectual property rights (IP);
  • Protection of movable and immovable property;
  • E-Commerce.

INTEREST OF THE JURISDICTION OF MALTA

Advantages of a company in Malta:

  • Companies registered in Malta are considered resident in Malta, wherever ownership or management exists or business is carried out.
  • Anonymity (Nominee services offered ensures your personal anonymity).
  • No withholding taxes, stamp duties or exchange control restrictions apply on distribution to non-resident shareholders.
  • Dividends can be expatriated without any restrictions.
  • Limited liability with minimal paid up capital requirement (min. EUR 250).
  • Companies can be redomiciled to Malta.
  • Annual and general meetings of the Maltese Company may be held outside Malta.
  • Tax exemptions.
  • Full tax exemption on participating holdings.

Disadvantages of a company in Malta:

  • 5% implied tax on profits from the trading activities (possibility of lowering it).
  • Annual and general meetings of the Maltese Company may be held outside Malta.
  • Malta Companies may hold funds in banks outside Malta.
  • The company formation procedure in Malta typically takes 48 hours.
  • Companies can be redomiciled to Malta.

How to proceed

Provision of the following documents for incorporation of the company:

  • A completed application form signed by the company or representative of the party;
  • Copy of valid passport for each party;
  • A personal bill which is less than 3 months old from the date of the application;
  • Payment of our fees.

Note: additional documents may be requested depending on the chosen offshore bank.

Set-up time: From the moment we are in possession of all required documents:

  • Incorporation of a company or purchase of an existing company: no 3 days;
  • Delivery of the original company documents: 15 days;
  • Offshore Bank: offshore bank account opening: 3 weeks.