Malta is an island at the foot of Italy, a natural stepping stone between Europe and North Africa.
Malta is a honeycomb for ex-pats who are drawn to its mild Mediterranean climate and English-speaking citizens.
This beautiful island is also decidedly pro-business — particularly for foreign businesses. There’s the Malta Startup Residence Programme, offering non-EU startup entrepreneurs medium-term residency in Malta.
This 3-year residence permit (renewable for 5 years after the third year is up) allows entrepreneurs to reside in Malta while launching and scaling their startups. Eligible founders and co-founders (plus dependents) also enjoy visa-free access to Schengen countries for business networking and travel — a great deal for UK businesspeople in a pro-Brexit world.
Sounds good? Ready to register your Maltese company? Read on.
To register a company in Malta, you need to:
The name should not be a duplicate, offensive, or misrepresent the nature of the business. Certain words may require special permission.
This includes the Memorandum and Articles of Association, which provide important details about the company, such as type, subscribers, registered office, share capital, directors, etc. Form BO1 may be required for corporate shareholders. You will need to also provide evidence of paid-up share capital which can be in the form of bank deposit advice.
The amount depends on the authorised share capital.
If all documents are accepted, the Registrar issues a certificate that confirms the company’s existence and authorisation to conduct business.
Once you’ve registered the company, you must register for Value Added Tax (VAT) at 18% if it is a trading entity. The process varies depending on the applicant’s status (sole proprietor, company legal representative with a Maltese ID, or foreigner).
To register a company in Malta, a registration fee must be paid to the registrar of companies. The fee is based on the authorised share capital of the company.
For companies with an authorised share capital under € 1,500, the fee is € 245, while for companies with an authorised share capital over € 2.5 million, the fee is a maximum of € 2,250. Investment Companies with variable share capital (SICAVs) typically used for collective investment schemes have a standard fee of € 1,750.
The required documents for company registration in Malta include:
All copies of documents must be certified by a notary or lawyer.
For the registration of an overseas company in Malta, the necessary documents include:
Certainly. In Malta, company formation and registration are accessible to all, without any restrictions on foreign ownership. Malta boasts a business-friendly environment, making it effortless for businesses to establish and run in Malta. The preferred choice for foreigners starting a business in Malta is often a Limited Liability Company (LLC).
Before commencing business operations in Malta, it’s essential to consider various factors, including:
Malta lies in the EU, but it’s no industrial powerhouse. Presumably, your suppliers are overseas — whether in Eastern Europe or South East Asia. You’ll need a multi-currency account primed for global trade, with low forex fees and Tier-1 security.
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Malta offers several benefits for companies:
When setting up a company in Malta, you have the following options to choose from:
The standard value-added tax (VAT) rate in Malta is 18%. This rate applies to most goods and services unless they qualify for exemptions, a 0% rate, or reduced VAT rates.
There are two reduced VAT rates: 7% and 5%. The 7% rate applies to tourist accommodation and the use of sports facilities. The 5% rate is applied to various items, including confectionery and similar food products, medical equipment, printed materials, electricity, equipment for disabled individuals, and the import of artworks, collectors' items, and antiques.
Certain supplies and services are subject to a 0% VAT rate. This includes standard supplies like exports, food products (excluding catering services) and certain pharmaceutical products.
Additionally, there are VAT-exempt supplies, such as health services, education, and sports activities.
Income tax in Malta is a fixed rate of 35% that applies to all income earned within and outside the country, regardless of the profit amount.
The company tax rate is 35%. However, Maltese-registered companies may apply for tax deductions and potentially receive a refund of 6/7, 5/7, 2/3, or even the full amount paid — depending on specific conditions that need to be met.
It takes about two weeks to register a company in Malta.
Yes, a registered office is mandatory for a Malta company, and it must be a physical address located within Malta.
For a private company in Malta, the minimum capital needed is € 1,164.69, while for a public company, it is € 46,587.47. At least 20% of the issued share capital must be paid up for a private company at the time of signing the Memorandum of Association (20% for a public company).
At least one director and one shareholder are required.
Each year, the Maltese authorities require the submission of audited financial statements, corporate tax returns, and an annual return.
The chosen name must be unique and not include offensive words. Additionally, the company name must accurately reflect the nature of the business.
The Malta Business Registry registers new commercial partnerships, processes documents related to commercial partnerships, issues certified documentation including certificates of good standing, reserves company names, collects registration and other fees, publishes notices, conducts investigations of companies, and maintains the company and partnership registry.
The Malta Business Registry registers companies in Malta.
To check if a company is registered in Malta, you can verify through the “Company Search” feature on the Malta Business Registry official website.
Companies choose to register in Malta because it offers:
Malta is also part of the visa-free Schengen zone and has a strategic geographical advantage and a Mediterranean climate.
Absolutely! There are no limitations based on nationality or residency. Both non-resident individuals and corporate entities can establish companies in Malta.
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