Company Formation is also a term used to describe company registration / company incorporation / firm or business registration. Incorporating a company gives legal authority and ownership of a business.
Now when we look at company formation in Malta, basically a business owner can register his business under the following legal terms:
LLC – Limited Liability Company
Public Limited Company
Private Limited Company
International Trading Company
Among these types of company registrations, Private Limited Company (PLC) is most preferred by most individuals and business owners to do business in Malta.
A Private Limited company must have at least two shareholders and one director. ( Possibility of one shareholder is also available, provided that certain conditions are being met ). It must also have a company secretary and registered office.
If you are looking for Public Limited Company formation, the fulfillment criteria are to have two shareholders, two directors and the company must have shares in the Maltese Stock Exchange.
Companies that are looking to leverage tax benefits can also make use of branch office operations by setting up their company as sole proprietorship business.
Business owners involved in commodity, imports and exports and general trade can setup their business under International Trading Company or General Partnerships.
In order to setup a company in Malta, the owner is not needed to be present to complete the incorporation procedure. This greatly benefits the foreign nationals and company owners to open their branch or completely start a new company in Malta easily.
The Key information / documents needed to form a company in Malta are as following:
- Company incorporation booklet (to be provided by us) – this shall include all company details
For each director and shareholder:
- Certified passport copy
- Certified copy of a recent utility bill (not older than 3 months)
- Detailed Curriculum Vitae
- Bank reference from a reputable bank
Malta is a great destination for foreign investors, the main attraction being the tax benefits, double tax treaties, tourism, location, language, flight connectivity and high quality labour and work force.
Maltese government have signed legal treaty with 50 nations which when combined with the tax refund system, it makes it the lowest corporate taxation nation in entire European Union. Strategically located in between Africa and Europe, Malta is culturally strong.
Capital city Valletta is declared as world heritage destination and has been awarded the title of European Capital of Culture 2018. The entire nation is known for tourist destination with superbly sunny weather, beautiful beaches, a thriving nightlife and 7,000 years of intriguing history.
Official languages are Maltese and English, however many people are fluent in other languages, such as Italian. This gives a unique advantage for companies that need multilingual workforce. The quality of living is also high and low costs make it easy to give employees best accommodation and workplaces. Education system is international standard with most graduates ready to be employed.
Malta is known as the best business destination due it’s political stability, climate (sunshine all year round, with best climate conditions), free trade zones, well connected ports and shipping hubs.
One can set up his / her company in Malta in various sectors, such as:
- Information Technology
Malta attracts investors with its special incentives. Entrepreneurs and start-up companies can get a lot of benefits by choosing Malta to incorporate their company.
More and more international clients are looking to set up companies in Malta to take advantage of the 5% effective tax rate (the lowest in the EU), the friendly, professional and affordable local staff, the low running costs and the ready access to the European Value Added Tax (VAT) system. This makes Malta, a unique hub for both European, and International investors.
As a regulated Maltese Corporate Services Provider, Setup in Malta is able to provide a full range of corporate services including the setup and management of Maltese operating companies.
We can also assist in setting up and managing offshore companies in other jurisdictions.
We can handle every aspect of setting up in Malta. From initial advisory and registration of a Maltese company to its eventual liquidation; we offer a one-stop-shop for corporate services.
Contact us for more information. We are happy to assist you in the most efficient and friendly manner.
Lets make your company formation in Malta Simple, Easy and Secure.