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Registration of a company
A Private Limited Company is the most common choice for small and medium-sized businesses that offer limited liability to their shareholders. It is also suitable for large enterprises seeking to list their shares on the stock market.
The incorporation process includes:- Reservation of the company name.
- Preparation and submission of the memorandum and articles of association.
- Registration with the Malta Business Register (MBR).
- Obtaining a company registration number.
- The minimum authorized capital is 1165 euros, of which 20% must be paid at the time of registration.
- At least one director and a company secretary are required. The director(s) can be of any nationality and do not have to reside in Malta, but having local directors may affect tax residency.
- The company secretary must ensure compliance with legal and regulatory requirements, and although not required by law, it is recommended that the secretary reside in Malta for practical reasons.
- The company must have a registered office in Malta, which will be its official address for legal notices and correspondence.
Bank account
Opening a corporate bank account in Malta is easy, with several local and international banks to choose from. Non-residents may need to provide detailed documentation for due diligence. Physical presence is not always necessary, but can facilitate the process.Taxes
- The standard corporate tax rate in Malta is 35%.
- Non-resident shareholders may be entitled to a tax refund, which can significantly reduce the effective tax rate, often to 0%-10%.
- Malta has an extensive network of double taxation treaties.
- VAT registration is mandatory for companies trading in Malta that exceed or are expected to exceed the VAT threshold. The VAT rate in Malta is 18%.
Compliance
Companies are required to file annual reports and audited financial statements with the Malta Companies Registry. Annual tax returns and payment of any taxes are also required. Compliance with the GDPR is mandatory for companies that process personal data.
When you set up a company with us, you don't have to worry about anything. We will always notify you in advance of the need to file reports.Laws on employment and labor
Employers must comply with Maltese labor laws, including minimum wage, working hours and social security contributions. Employment of non-EU nationals may require a work permit.Protection of intellectual property
- Malta offers robust IP protection in line with EU standards. Intellectual property rights can be registered with the Malta Intellectual Property Office.
- Tax benefits are available for intellectual property owners, making Malta an attractive jurisdiction for storing intellectual property.
We have registered dozens of trademarks and know all the nuances.
Data protection and privacy
Companies must comply with local data protection laws, including the GDPR, which applies to any company that processes personal data of individuals in the EU.Access to EU markets
Incorporating in Malta provides access to EU markets, ensuring the free movement of goods, services and capital. Malta's membership in the EU and the Eurozone offers a stable and predictable regulatory environment.Accommodation options for investors
- Malta offers various residence programs for investors, including the Malta Permanent Residence Program (MPRP) and the Malta Individual Investor Program (MIIP).
- These programs provide a pathway for non-EU nationals to obtain residency status in Malta. They have special requirements for investments in real estate, government bonds and contributions to the national development fund.
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E-mail: info@sherstiuk.legal
E-mail: info@sherstiuk.legal
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info@sherstiuk.legal
info@sherstiuk.legal
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