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Incorporation of Company

Onshore Jurisdictions
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Malta

Malta has been a member of the EU since 2004.The corporate tax rate in Malta is 35 % but the law provides for a tax refund. After the financial statements are filed, the tax to the government is paid and a decision on the profit distribution is taken by a company, the shareholders receive a tax refund in the amount of 6/7 of the amount paid, which results in an actual tax rate of 5%. The tax refund is made within 2 months on average.

Malta’s tax system is one of the most favourable in the EU. Along with the actual corporate tax rate of 5%, the income received as a capital gain or dividends are fully exempt from taxation. The conditions for these types of income to be exempt from tax (Participation Exemption), is that a Maltese company must hold a capital share in a foreign company of not less than 10%.

Moreover, in Malta there is no withholding tax on the repatriation of dividends, interest or royalties, regardless of the country they are paid to. Losses from previous years may ported forward and be deducted from profits of the subsequentperiods without time limitation.

Principal Corporate Legislation: The Companies Act, 1995 as amended.
Type of Law: Civil.
Language of Legislation and Corporate Documents: English
Type of Company for International Trade, Investment & Tax Planning: Private Limited Liability Company.

 

 

Malta Company

Share Capital
The minimum authorised share capital is EUR 1,165. Minimum paid up share capital is EUR 1,165.
Classes of Share Available
Registered shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in Malta.
Directors
The minimum number of directors is one. Director can be of any nationality and need not be resident in Malta. Corporate directors are permitted.
Shareholders
The minimum number of shareholders is one.
Publicly Accessible Records
Yes.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Disclosure of Beneficial Ownership to Authorities
No.
Personal Presence Required
No.
Taxation
The corporate tax rate is currently stands at 35%. When dividends are paid by trading companies to the shareholders, these shareholders become entitled to claim refunds 6/7ths of the Malta tax paid by the company. taking into account such refunds, this results in an effective rate of Malta tax is 5%.
VAT
Maltese companies trading from Malta may be registered for VAT purposes and the VAT prefix will be 'MT'.
Double Taxation Treaty Access
Yes.
Requirements to File Accounts
Yes.
Requirement to File Annual Return
None.
Audit Requirements
Yes.
Currency
Euro.
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as "Assurance", "Bank", "Building Society", "Royal", "Trust Company", "Trustee Company" etc. will require justification.
Name of a Company
The words "Limited", or Ltd must be part of the name of every company.
Time to Incorporate
5-10 days.

 

Cost of Formation: Request a quotation

 

Card PMT provides the following services in Malta:

  • Maltese Company Formation
  • Registered Office Services
  • Company Secretarial Services
  • Nominee Shareholder/Nominee Director
  • Opening of Bank Accounts
  • Full Company Administration Services
  • Mailing Address
  • Virtual Office
  • Book Keeping & Audit
  • VAT Registration
  • EORI Registration
  • Trademark Registration

Please contact us for your free initial consultation.

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Please contact us for additional information about incorporation of companies in other offshore jurisdictions.

 

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