INCORPORATION
MALTA
Company formation on Malta, Legal and Taxation Aspects
| Company Type: | International Trading Company |
| Name: | The company name must end with "Limited" or "Ltd.". |
| Capital: | Standard capital 1 500 US$, 20% of which must be paid up. |
| Shares: | Bearer shares are not permitted. |
| Shares Index: | Yes |
| Registered Agent Requirement: | Yes |
| Registered Headquarters: | Yes |
| Entry in the Public Register: | Yes, the company must be entered in the commercial register. |
| Shareholders: | Minimum 1 (if the director is a natural person) Minimum 2 (if the director is corporate) |
| Directors: | Minimum 1 |
| Secretary (Commissary): | Yes |
| Incorporation Period: | 3-4 days |
| Disclosure of Beneficial Owner: | No |
| Disclosure of Shareholders: | Yes; Anonymity can be retained through nominees. |
| Disclosure of Directors: | Yes |
| Trading Restrictions: | Trading in Malta or with residents of Malta is not permitted. |
| Taxation: | Initially profits are taxed at the normal rate. Following the distribution of dividends, however, tax paid is partially refunded, resulting in an effective tax rate of 4.17%. |
| State Tax Charges: | No |
| Double Taxation Agreements: | Yes; 36 |
| Financial Statements: | Yes |
| Tax Returns: | Yes |
| Accounting: | Yes |
| Annual Reports: | Yes |
Acquisition Fees (ITC)
| Incorporation Included: + Memorandum and Articles of association + National and international fiscal declaration + Application for Refund Tax Status & application for Advance Revenue Ruling Not included: + Registration fee for a share capital of 1.250,00 – 4.500,00 Euros + Registration fee for a share capital ex 4.500,00 Euros + Bank account | 2.900,00 Euros 420,00 Euros on request on request |
| TOTAL | 3.320,00 Euros |
Annual Fees (ITC)
| Included: + Administration of the company + Registered Office + Fiduciary shareholder + Director of the company + Secretary of the company Additional: + Annual Registration fee | 4.500,00 Euros 175,00 Euros |
| TOTAL | 4.675,00 Euros |
| Optional + Bookkeeping, minimum + Balance Sheet, minimum + Tax declaration, minimum | 750,00 Euros 1.400,00 Euros 800,00 Euros |
General information
| Area: | 315,6 sq km |
| Capital: | Valletta |
| GDP per capita: | 11 330 € |
| Unemployment Rate: | 7% |
| Population: | 397 000 |
| Language: | Maltese, English |
| Currency: | Maltese Lira |
| Rate of Inflation: | 2,9% |
| Political Risks: | None |
| Cost of Living: | Low in comparison to Europe |
| Communications: | Good |
| Residence Permit: | Easily acquired |
| Legal System: | Based on English law and the French Code Napoléon; Company Act of 1996 |
| Exchange Control: | No |
| Patent Law: | Yes |
