Setting up business or setting up a company in Malta provides an effective, EU-based solution. We specialise in providing tailor-made corporate services and packages for start-ups, medium and large entities.
Our team of dedicated professionals will help you with your company structuring and ongoing corporate structuring requirements including Banking Support, Accounting and International Tax Planning.
Contact our experienced and specialised team for assistance.
Incorporating a Malta Company
Malta’s competitive tax system, extensive network of Double Taxation Agreements, and its English-speaking educated workforce make it an increasingly popular business vehicle for companies from all over the world to register a company in Malta. Whether one is in need for a Malta holding Company (to be used as part of an effective asset-holding structure), a Malta trading Company, a ship-owning Company, an investment vehicle or a captive insurance company, Malta provides several solutions to accommodate such requirements.
Malta Company Incorporation Overview
|Company Law||Malta Companies Act 1995|
|Type of Company||Limited Liability Company|
|Language of Legislation and Corporate Documents||English|
|Length of Time to Incorporate||2 to 3 working days, following receipt of all original documents required|
|Government Registration Fee||€245 for an authorised share capital of up to €1,500|
|Shelf Companies Available||No|
|Name Restrictions||Names identical or similar enough to ones already registered or offensive or otherwise undesirable or misleading|
|Endings and Abbreviations Required||Limited Company, “Limited” or its abbreviation “Ltd.”|
|Length of Time to Verify Name Availability||Up to 1 working day|
|Reservation of Names Permitted||Yes, at a fee|
|Language of Name||Must be written in English alphabet|
|Name of Banks, Insurances, Investment Funds, Trust Companies or their Equivalents Require Consent, Approval or Licence||Yes|
|Minimum Number of Shareholders||1 or 2 in case where a corporate Director is appointed to the Board|
|Corporate Shareholders Permitted||Yes|
|Local Shareholders||Not necessary|
|Disclosure of Ultimate Beneficial Owners||Yes|
|Minimum Authorised Share Capital allowed||€1,164.69|
|Bearer Shares Permitted||No|
|Registered Shares Permitted||Yes|
|Number Par Value Shares Permitted||No|
|Minimum Number of Directors||1|
|Minimum Number of Company Secretaries||1|
|Corporate Directors Permitted||Yes|
|Corporate Company Secretaries Permitted||No, unless on Public Companies|
|Disclosure of Directors / Company Secretary||Yes|
|Disclosure of Directors / Company Secretary||Yes|
|Appointment of Subsequent Directors / Officers||Yes|
|Annual General Meeting of Shareholders Required||Yes – notice to be given to every member of the company and its auditor|
|Board Meeting of Directors Required||Yes, quarterly – for place of effective control and management|
|Location of Directors and Shareholders Meetings||Malta – for place of effective control and management|
|Registered Office Address||Yes|
|Operational Office||Not a legal requirement, however, recommended i Malta – for place of effective control and management|
|Register of Directors / Officers to be kept at Registered Office Address||Yes|
|Company Seal Required||No|
|Copy of Minutes to be kept at Registered Office Address||Yes|
|Copy of Share Register to be kept at Registered Office Address||Yes|
|Minimum Annual Government Fee||€100 where the authorised share capital of the Company does not exceed €1,500|
|Requirement to File Annual Return||Yes|
|Requirement to file Audited Financial Accounts||Yes|
|Requirement to file Annual Tax Return||Yes|
|Member of Apostille of the Hague Convention||Yes|
|Increase or Reduction of Share Capital||By extraordinary resolution|
|Appointment or Resignation of Director(s) and Company Secretary(ies)||By ordinary resolution|
|Removal from Registry||Following dissolution & consequential winding up|
|Corporate Tax||35% however refunds may apply to the shareholder(s)|
|Double Taxation Agreements||Yes|
Company Types & Company Name
- Private Limited Liability Company;
- Public Limited Liability Company.
The name of a private Company must end with the words ‘Ltd.’ or ‘Limited’ whereas a public Company must have ‘p.l.c.’ at the end.
When we decided to open a company in Malta we turned to CSB. I think it was the best decision! Sacha and his team made everything seem easy and understandable regardless of the complexity of the issue. Always attentive, always available – they went out of their way to make it happen fast and hassle-free.
SIOUX Malta Ltd.
Malta Company Incorporation – Shareholders
Every Private Limited Company must have, at least, one (1) shareholder who may either be an individual person or a corporate entity. Meanwhile as Company formation agents offering a wide range of Corporate Services, we can also offer holding shares through CSB Trustees & Fiduciaries Limited which is a member of CSB Group that is licensed by the Malta Financial Services Authority (MFSA) in order to provide such services. CSB Trustees & Fiduciaries has also announced the extension of the authorisation so as to act as an administrator of private foundations.
Malta Registered Office
Every company must have a registered office address situated in Malta. CSB Group provides registered office facilities to companies registered in Malta.
Company Formation in Malta – Fees
Malta Company Formation expenses are payable to the Registrar of Companies upon incorporation of the company. Currently, they vary from a minimum of EUR 245.00 to a maximum of EUR 1,750.00, depending on the value of Authorised Share Capital. A minimum, annual fee of EUR 100.00 is payable together with the submission of an Annual Return and this is normally coordinated through our offered secretarial, directorship and back office services.
The share capital may be divided into ordinary shares and preference shares and classes or variants thereof. In Malta, bearer shares are not allowed. Ownership of company shares or debentures is evidenced by their entry in the Company’s register of members or of debentures and by the issue of a share or debenture certificate.
Time Required to Set Up a Company In Malta
The length of time required to set up a company in Malta depends on the type of company involved and on the timely submission of all information and documentation to our offices. The process can take as little as 48 hours.
CSB Group have been our service providers for the last few years and have assisted us in a range of services including accounting, payroll, legal and corporate services. In our experience, CSB has proved to be of great use.
Taxation & Double Tax Treaties
Malta is currently signatory to almost 70 Double Tax Treaties and some interesting opportunities exist when putting into place the appropriate corporate structure. Corporate tax in Malta is calculated at a flat-rate of 35% on the gross profits based on the audited financial statements of the company. However through the availability of a tax refund system granted to shareholders of Malta-registered companies, the overall net effective tax rate could be reduced to 0% in the case of holding company structures, and 5% in the case of trading companies. In either case, there are specific legal requirements that must be satisfied in order for shareholders to benefit from such tax refunds. Licensed shipping organisations which own or operate tonnage tax ships are exempt from taxes in Malta.
Accounting & Auditing Requirements
Malta-registered companies are required to keep proper accounting records and have their financial statements audited at the end of each financial year in accordance with the Malta Companies Act, 1995 and International Accounting Standards. Financial statements should include the directors’ report, the auditors’ report, balance sheet, profit and loss account, notes to the financial statements, together with schedules to the profit and loss account. Fully-fledged accounting services and payroll services are offered by CSB Group in Malta. We also assist clients with the coordination of the auditing of financial statements by third party auditors.
Forming a Company in Malta
New company registrations in Malta are constituted by Memorandum & Articles of Association (M&A) that are subscribed to by the shareholder/s; and a certificate of registration that is issued by the Malta Registrar of Companies in respect thereof. The M&A would state the name of the company; the name, address and official identification of the subscribers; whether the company is a private company or a public company; the registered office address of the company in Malta; the activities of the company; details regarding the authorised, issued and paid-up share capital; the number of directors and their particulars, the number of company secretaries and their particulars, and the manner in which the legal and judicial representation of the company is to be vested.
Exchange Control and Share Capital
Maltese Companies are not subject to any exchange control restrictions.
The authorised and issued share capital of a private company shall be of a minimum of €1,164.69 of which at least 20% is to be paid-up front.
In the case of public companies, the minimum authorised and issued share capital shall be of €46,587.46 of which at least 25% must be paid-up. Companies may have their share capital denominated in € (Euro) or any other major currency.
We have worked closely with CSB Group since February of 2015. They have been instrumental in helping us establish our Malta office and continue to aid us with their stellar legal and accounting services. Malta has proven to be an excellent location to establish our business, however, setting up a company with many international shareholders has been a complicated task. CSB Group has guided us along this process and we are quite satisfied with the results.
AQblue Limited | Tom Druk, CEO