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Malta

Malta

Key benefits of Maltese company include:

  • Malta has been a full EU member since 2004 andentered the Eurozone in 2008.
  • Malta is a highly reputable jurisdiction with laws in line with applicable European Union legislation.
  • English is used throughout the island and all documents produced are in English.
  •  Corporate income tax is subject to a flat rate which currently stands at 35% however Malta is currently the only member which allows a full imputation system to eliminate the double taxation of company profits, therefore tax charged to the company is imputed to the shareholder upon dividend distribution by the company. Since the tax rate of 35% applicable to companies is also the highest tax rate in Malta, shareholders will not suffer any additional tax on the receipt of dividends. The shareholder may even receive a tax refund if his income falls to be taxed at a lower rate of tax than the 35% tax rate incurred by the company.
  • A system of tax refunds is in place so that upon dividend distribution,depending on the nature of the taxable profit, a 6/7ths, 5/7ths or 2/3rds taxrefund of the corporate tax paid by the company, may be paid to theshareholder. The effective tax rate is therefore reduced to 5%.
  • Furthermore, Malta’s tax system grants a fullparticipation exemption with respect to dividend income derived from aparticipating holding and to capital gains derived from the transfer of saidholding; several anti-abuse conditions must be satisfied before a company maybe classified as a participating holding.
  • Malta has a highly professional workforce.

To commence incorporation of a Maltese companythe following is required:

  • Company Name
  • Director/s full name, date of birth, address and nationality
  • Shareholder/s full name and address

Required documentation:

  • Proof of identity. Either passport, nationalidentity card, photographic driving licence
  •  Proof of residential address. Gas/electricity bill or credit/debit card bank statement dated within the last 3 months.

A Maltese company must have at least one director, they may be an individual or corporate body and do not need to be Maltese nationals.

  • Nominee Director:
    In order to obtain a Maltese bank account, the company requires a resident Nominee Director. Eltoma Corporate Services may provide this service. However, Directors/Shareholders residency is not required to establish resident status for the purpose of the treaties.
  • Shareholders:
    A minimum of two shareholders are required who may be corporate or individual. The personal details of a Maltese company’s registered shareholders are public information but, anonymity can be retained by the use of Nominee Shareholders. The maximum number of shareholders for a private company is fifty (50). The minimum number of shareholders is normally two (2); however, a single member company may also be registered under the Maltese Companies Act. A single member company is a private limited liability company, which qualifies as an exempt company and which is incorporated with only one member.
  • Company Secretary:
    A Maltese company must have a company secretary. It is the duty of the directors to take all reasonable steps to ensure that the company secretary is an individual who appears to them to have the requisite knowledge and experience to discharge the functions of company secretary. The law does not require that the company secretary be resident in Malta.
  • Registered Office:
    Every Maltese company must maintain a registered office in Malta. Any changes to the company’s registered office must be notified to the Registrar of Companies. Eltoma Corporate Services may provide this service.

Detailed Service Price List- Malta Company Incorporation

Service
Fees (EUR)
Consultation regarding company structure and general registration in  Malta
Free
Company registration in Malta
From €2500
Obtaining of a registration certificate
From €250
Provision of a legal address (for a period  of 1 year)
From €600
Obtaining of a share certificate for a company in Malta
From €250
Registered agent, i.e., a person representing the company and  interacting with government agencies in Malta
From €300
Obtaining of a company seal and registering it in accordance with the  laws of Malta
From €120
Affixed apostille certifying the authorised bodies of Malta
From €120
Obtaining of  VAT number (mandatory requirement)
From €350 (charges may be levied)
Appointment of a Nominee Director (for a period of 1 year)
From €1000
Appointment of a Nominee Shareholder (for a period of 1 year)
From €800
Power of attorney
From €300
Bank account opening for a company in Malta
From €900
Shelf company in Malta
Upon request

If you have any questions regarding incorporation in Malta, please contact our specialists: info@eltoma-global.com

* The Service fees placed on the website are intended for general information purposes only and may differ from the final quotation
**Some of the information stated may no longer reflect the most current legal developments

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