Company registration in Malta - COREDO

Company registration in Malta

The Republic of Malta is a small island state located in the Mediterranean Sea. Since 2004, it has been a member of the European Union, and since 2008, the official local currency is the euro. This country is recognised as one of the most attractive European jurisdictions for conducting international business.

The Maltese economy is primarily driven by tourism, the electronics, textile, and food industries, ship repair and shipbuilding, and the production of decorative luxury goods. In recent years, crypto business and blockchain technologies have been actively developing here. Local authorities are keen on attracting foreign investments, leading to the development of numerous programs that offer preferential tax treatment for non-resident entrepreneurs.

ADVANTAGES OF REGISTERING A COMPANY IN MALTA

The attractiveness of this jurisdiction to foreign investors primarily stems from the business-friendly environment and the adaptability of tax legislation. Notably, under specific conditions, companies registered in Malta pay a tax rate of only 5% on profits. Other advantages of registering a company on the island encompass:

  • Prestige of the jurisdiction;
  • Advantageous geographical location, favourable living conditions;
  • Easy access to European markets;
  • Straightforward company registration process;
  • Exceptional banking services and well-established business infrastructure;
  • Non-residents can have 100% ownership of the business;
  • The presence of double taxation treaties with more than 70 countries;
  • Economic stability.

TYPES OF BUSINESS ORGANISATIONS AVAILABLE IN MALTA

Following Maltese legislation, foreign individuals have the opportunity to establish enterprises with various organisational and legal structures in the country. Among the most favoured options are:

  • LLC is a private or public limited liability company. It can be established by either an individual or a legal entity. The minimum authorised capital is 1,250 euros, with 20% required to be deposited into the account before the company’s registration.
  • LP — partnerships. In Malta, both full and limited partnerships can be established, differing primarily in the partners’ level of responsibility. This choice is often preferred for small and medium-sized businesses.
  • Trusts. Their activities are regulated by the Trusts and Trustees Act of 2004. Trusts in Malta are not legal entities and are exempt from taxation. The maximum term of validity for a trust agreement in Malta is 100 years from the date of its conclusion.

Foreign business entities also have the opportunity to register a branch or subsidiary in Malta.

FEATURES OF COMPANY REGISTRATION IN MALTA

The process of registering a company in Malta is not significantly different from that in other European countries. Initially, founders must compile a comprehensive set of documents, notarise them, and then submit them to the Trade Register of Companies. The presence of an account with a local bank and a legal address within the country are also mandatory requirements. It is noteworthy that every company must have at least one secretary.

Certain activities, including gambling, insurance, investing, and medical and financial services, necessitate obligatory licencing.

Typically, the registration of a new company in Malta takes 5-7 working days. To ensure that this process is as time-efficient and trouble-free as possible, COREDO company employees offer professional support at every stage, assisting in document processing and legal consultations on any matters of interest.

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