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.
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