Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
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2650.00 USD | 2430.00 USD | 1 | 35.00% | 240.00 | Yes |
Malta Company FormationRepublic of Malta with its capital city of Valletta is a tiny, beautiful country with gorgeous architecture and hospitable population. Malta is a part of the Maltese archipelago, situated in the central part of the Mediterranean Sea. It has direct proximity to the North African coast (230 km) and Sicily (90km). Until 1964, Malta was under the British rule. Now being an independent republic, it has the status of a neutral state in military terms. The Head is the president. The country's population is about (470,000) Four hundred and seventy thousand people. The bulk of the residents practices Catholicism. The official language is Maltese but you will probably hear English in the streets, and sometimes - Italian or French. The lack of rivers and mountains is typical for the Maltese landscape, plowed fields separated by stone walls spread out on the hillsides. The climate of Malta is very warm and favorable. The natural phenomena like cold winds, severe frosts, fogs or snow don’t occur in Malta. Nowadays, the improved tax system in Malta is the most attractive for representatives of international business in Europe. COMPANY FORMATION IN MALTA: THE MAIN ADVANTAGES OF HAVING A BUSINESS IN MALTA
The activity of company in Malta is regulated by the ‘Companies Act 1995’. FORMS OF BUSINESS CORPORATION ALLOWED IN MALTAA business can be registered in Malta in the following forms:
The most popular among foreign investors is private or public limited liability company (LLC). The main advantage is the limitation of liability for shareholders. CHARACTERISTICS OF LLC COMPANY IN MALTA
A private company in Malta is €1164.69, of which at least 20% is to be paid-up front; A public company in Malta is €46,587.46 of which at least 25% must be paid-up.
For a public company, it is two (2); while for a private company, it is one (1).
There are exceptional cases when one member is permitted
Obtaining special license is a necessary condition for conducting gambling business, providing banking, investment and insurance services in Malta. BUSINESS IN MALTA: TAXATION
MALTA COMPANY REGISTRATION FAQs
The cost of registering a company in Malta is 2900USD. The total cost of registration includes comprehensive review, company registration, service and certificate.
It takes about 2 (two) weeks to register a company in Malta.
Yes, Malta can be considered as an offshore jurisdiction.
No, Malta isn’t a tax free country but their tax rates/policies are one of the lowest in the world. Why incorporate with Law&Trust International?
READY FOR COMPANY FORMATION?If you are interested in setting up a company in Malta, lawyers of Law and Trust International can help. Write us an email or simply call now to take the next step in your business! |
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Nominee director and shareholder | |
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Square | 316.00 |
Population | 470 000.00 |
Capital | Valletta |
Unemployment | 13.30 |
State polity | Republic |
Telephone code | 356 |
Place in the world in corruption | 39 |
location | Southern Europe |
Climate | Mediterranean; mild, rainy winters; hot, dry summers; avg. maximum temperature (August) +35°; avg. minimum temperature (January) +12° |
Literacy rate | 92.80% |
Ethnic groups | Maltese (descendants of ancient Carthaginians and Phoenicians with strong elements of Italian and other Mediterranean stock) |
National currency | Euro |
USD exchange rate | 0.75 |
GDP per capita | 53 |
Official language | Maltese, English |
Credit rating | A |
The judiciary | Constitutional Court; Court of First Instance, the Court of Appeal |
Executive authority | Head of government: Prime Minister. Government: Cabinet appointed by the president on the recommendation of the Prime Minister |
Legislative authorities | The House of Representatives (usually 65 seats) |
Opportunity to purchase ready-made companies | Yes |
Legal system | Civil Law |
The use of the Cyrillic alphabet in the name | No |
Local registered office | Yes |
Organizational and Legal Forms | Public Limited Liability Company, Private Limited Liability Company, General partnership, Limited partnership, International holding company, Trust |
Terms of registration | 3-4 days |
Prohibited expressions in the name | Fiduciary, Nominee, Trustee |
Local registered agent | No |
The information required to be kept at the registered office | Register of shareholders, register of debenture holders, book reports of general meetings, books protocols board meetings, as well as accounting documents |
Standard currency | Euro |
The minimum amount of paid-in capital, nat. currency | 240 |
The minimum amount of the issued capital | 1164.69 |
Bearer shares | No |
Terms of payment of the issued capital | At the time of registration |
The usual size of the authorized capital | 1200 euro |
Terms of capital payment | No restrictions |
Usual nominal value of shares | 1 euro |
Possibility to issue shares without par value | No |
VAT | Yes |
Basic corporate tax rate | 35.00% |
Capital gains tax | Yes |
Withholding tax | Dividends - none; interest and royalties - 0% if the recipient meets certain criteria |
Currency control | No |
The tax on personal income | Progressive scale with rates up to 35%, the first € 9,100 are not taxed |
Corporate tax rates details | 35% (there are lower rates of 15%, 10% and 12%). Update February 2018: Certain categories of income may be taxed at reduced rates of 2%-15%. |
Stamp duty | Yes |
Other taxes | Social insurance contributions |
Minimum number of directors | 1 |
The requirement for residency directors | No |
Director of legal entities are allowed | No |
The data reveals to the local agent | Yes |
Data field to the public registry | Yes |
Meeting / regularity / place | No restrictions |
The requirement for the presence of the Secretary | Yes |
Requirement to the residense of the Secretary | Yes |
Requirements to qualification of the Secretary | No |
Legal entity as the Secretary | Yes |
Minimum number of shareholders | 1 |
Data is entered in the public register | Yes |
Shareholders residency requirement | No |
Information about the beneficiary is disclosed | Yes |
Information may be disclosed to the local agent | Yes |
Shareholders-legal entities are acceptable | Yes |
Meeting / regularity / place | Yes / annually / no restrictions |
The requirement for filing reports | Yes |
Open access to reports | No |
Statutory audit | Yes |
The requirement for filing Annual Return | Yes |
Open access to the Annual Return | Yes |
The requirement for reports | Yes |
Treaty on avoidance of double taxation (States which signed) | 70 |
Membership in the OECD | Yes |
Is it offshore according to Russian legislation | No |
TM Comprehensive Study | TM Registration Request | TM Registration Certificate | Total | ||||
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First Class | Additional Class | First Class | Additional Class | First Class | Additional Class | First Class | Additional Class |
100.00 | 100.00 | 630.00 | 620.00 | 0.00 | 0.00 | 730.00 USD | 720.00 USD |
«TRADEMARK» refers to «Wordmark» or «Logo» | |||||||
100.00 | 100.00 | 1220.00 | 1140.00 | 0.00 | 0.00 | 730.00 USD | 1240.00 USD |
«TRADEMARK» refers to «Wordmark+ Logo» | |||||||
Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary. Цены включают в себя все юридические и официальные пошлины. Наши цены могут варьироваться в процессе регистрации только в случае изменений, касающихся официальных пошлин или обменных курсов. |