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Company Formation in Malta: Requirements and Process Explained

Company Formation in Malta: Requirements and Process Explained
by
April 15, 2023
in Banking, Finance News, NEWS Malta, Taxation
231

Are you considering setting up a company in Malta? Malta is a great destination for entrepreneurs and businesses looking to establish themselves in the European Union. The country offers a range of advantages, including its strategic location, favorable tax regime, and simple company formation process. In this article, we will explain the requirements and process for company formation in Malta.

Introduction

Malta is a small island nation located in the Mediterranean that has become a popular destination for entrepreneurs and businesses looking to establish a presence in the European Union. The country offers a range of advantages, including its strategic location, favorable tax regime, and simple company formation process.

Why Choose Malta for Company Formation?

There are many reasons to choose Malta for company formation, including its strategic location at the crossroads of Europe, North Africa, and the Middle East. Malta also offers a favorable tax regime, a skilled and educated workforce, and a stable political environment that is committed to supporting businesses and economic growth.

Requirements for Company Formation in Malta

To form a company in Malta, you will need to meet the following requirements:

  • A minimum of one shareholder and one director
  • A registered office in Malta
  • A company secretary
  • A minimum share capital of €1,165 (for private limited companies)
  • Registration with the Malta Financial Services Authority

 Step-by-Step Process for Company Formation in Malta

The process for company formation in Malta can be completed in just a few days and involves the following steps:

  • Choose a company name and check its availability with the Malta Business Registry.
  • Draft the memorandum and articles of association.
  • Register your company with the Malta Financial Services Authority and pay the necessary fees.
  • Appoint a director, shareholder, and company secretary.
  • Open a bank account and deposit the minimum share capital.
  • Register for tax purposes with the Inland Revenue Department.

Benefits of Company Formation in Malta

There are many benefits to forming a company in Malta, including:

  • A favorable tax regime with a corporate tax rate of just 35%
  • Access to the European Union market
  • A simple and efficient company formation process
  • A highly skilled and multilingual workforce
  • A stable political environment
  • Low business costs compared to other European countries
  • A well-regulated banking system
  • A high quality of life

 Conclusion

Malta is a great destination for entrepreneurs and businesses looking to establish themselves in the European Union. The country offers a range of advantages, including its strategic location, favorable tax regime, and simple company formation process. By following the step-by-step process outlined in this article, you can easily form a company in Malta and take advantage of its many benefits.

FAQs

What types of companies can be formed in Malta?

Private limited companies, public limited companies, and partnerships can be formed in Malta.

What is the minimum share capital required to form a private limited company in Malta?

The minimum share capital required to form a private limited company in Malta is €1,165.

Can a foreigner own a company in Malta?

Yes, foreigners can own and operate companies in Malta.

Is it necessary to have a physical office in Malta to form a company?

Yes, a registered office in Malta is a requirement for company formation.

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

The process for company formation in Malta can be completed in just a few days.

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