Business Organisations in Malta can be any of the following:
- Sole Proprietor
- Limited Liability Company
- Cooperative Society
The most common form of Business organisation is the Limited Liability Company.
Limited Liability Company
A company can be private limited company or public limited company
A maltese company can be incorporated within a couple of days after all documentation is presented to Malta Financial Services Authority.
The minimum authorised share capital is €1,165 or the equivalent in any major currency. At least 20% of the share capital has to be paid up. In the case of a public company the minimum authorised share capital is €46,588. At least 25% has to be paid up.
The minimum number of shareholders is normally two, however a ‘single member company’ may also be registered in Malta. A public limited company can have unlimited number of shareholders.
Every company registered in Malta must have a registered office in Malta.
Every public company must have at least two directors whereas private company must have at least one director.
Every company must have a company secretary and must hold an annual general meeting.
Every company must keep proper accounting records and have their accounting records audited at the end of each financial year.
The personal details of a Maltese company’s registered shareholders is public information
Cost Of Incoporating
The costs of incorporating and maintaining a Maltese company depends on the share capital, the work involved in setting up the company and on the level of legal assistance required. Our policy is to provide an estimate of costs before we start the assignment.
Registration fees payable to Malta Financial Services Authority are calculated according to the company authorised share capital.
The minimum Charge is €245 on an authorised share Capital of €1,500 increasing up to a maximum of €2,250.
The annual company fee payable is also dependent on the amount of authorised share capital. The minimum fee will be €100 and the maximum €1,400.
Why incorporate in Malta?
Due to Malta’s tax efficient regime, companies are incorporated in Malta for international tax planning purposes. Non resident shareholders of a company registered in Malta are entitled to claim certain type of refunds. After the refund is claimed the effective tax rate will be 5% or 10%.
Following the incorporation of the company we can provide a full range of corporate and business advisory services to keep the company in line with local corporate legislation.