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Incorporate Company in Malta to Produce Promising Results and Drive Investments and Partnering Opportunities
Malta’s location contributes majorly to the country’s economy because of the commercial Mediterranean Sea lanes. To incorporate company in Malta, the process has been made easy than ever. Now, More than 200 foreign companies are in Malta that employs 2000 workers and showing results of $1 billion in sales each. The principal growths are in the following industries.
- Shipbuilding
- Construction
- Textiles
- Manufacturing electronics
- Aviation services
The business in Malta contributes $11 billion approximately for the European economy and purchasing power is high. For the citizen of Europe incorporation of company in Malta is processed within 48 hours while for the non-EU companies this may take little longer.
Points to Note About Registered Companies
Malta company law only permits the formation of limited liability companies in the country. Therefore, any foreigner registering a company in Malta can choose between private or public limited companies. The owner must pay a minimum share capital of EUR 1165 for a private limited company. A public limited company’s required 20% (approximately EUR 40,000) share capital is deposited in a bank.
Company Name
Companies incorporated or opened in Malta must apply for and reserve a company name. This is handled at the Malta Commercial Registration Office, which requires a director who will also act as the company’s secretary.
Company Shareholders
Incorporating a company in Malta requires two shareholders, which is mandatory, but one shareholder can also establish a company under certain conditions.
Documents Required for Company Registration:
- Company name, type of business of the company
- The company’s registered address in Malta
- Reference to company share capital documents;
- Name of the company’s board of directors and proxy
- The name of the company secretary and his residential address in Malta
- Submit a copy of the passport of the director to the Malta Trade Registry
The Malta Financial Services Authority (MFSA) handles the registration process. You do not need to be physically present for the registration, which is a great reason to establish your company in Malta. However, you must apply for an agent or representative to make the process smoother. Once the registration process is over, you must register with the Malta tax system immediately.
3E Accounting Will Assist You
3 Ears Accounting Services has a team of experts, including lawyers, consultants and financial advisors, to help you set up a company in Malta or individuals planning to establish a business base here. Will be able to complete the process quickly and provide cost-effective solutions for your business. For more information, don’t hesitate to get in touch with us.
