Introduction
Establishing a company in Malta can be a beneficial step. Malta offers attractive tax regulations and good business connections within the EU. The process of setting up a company is relatively simple and does not require a personal visit. However, it is important to be well-prepared and understand local legislation.
Types of Companies in Malta
In Malta, the most popular form of company is a Limited Liability Company (LLC). You can also establish a public or partnership company:
- Limited Liability Company (LLC) – requires a minimum share capital, suitable for small and medium-sized enterprises.
- Public Limited Company (PLC) – appropriate for larger ventures, higher capital requirements.
- Partnership Companies – great for partnership activities, no mandatory minimum capital is required.
The key is to choose the appropriate legal form. Each has its specifications and registration requirements.
| Type of Company | Capital Requirements | Application |
|---|---|---|
| LLC | 1,164.69 EUR | Small and medium-sized enterprises |
| PLC | 46,587.47 EUR | Large ventures |
| Partnership Company | No mandatory minimum | For partnership activities |
Company Registration Process
To register a company in Malta, you need to go through several steps. First, choose a company name, ensuring it is available. Next, prepare the memorandum and articles of association, which must be signed by all directors and shareholders. The next step is to submit the required documentation to the Malta Business Registry. These include the registration form, copies of the memorandum and articles of association, and proof of share capital deposit.
Taxation and Tax Benefits
Malta is known for its favorable tax system. The basic corporate tax rate is 35%, but after applying the refund system, the effective rate can drop to about 5%. Tax refunds are available for shareholders conducting business outside of Malta, as well as in cases of dividends and capital gains. This makes Malta an attractive place for tax optimization.
Opening a Bank Account and Administrative Matters
The next step after registration is opening a bank account. However, it is not required before submitting registration documents but recommended for future operational activities. To open a bank account, identification documents of all shareholders and proof of address are required. It is also important to maintain mandatory accounting and comply with local anti-money laundering regulations.
Summary
Establishing a company in Malta is a process that requires good preparation. It is important to choose the right legal form. Registration involves several key steps but offers numerous tax benefits. The final steps include opening a bank account and ensuring all administrative procedures comply with the law. Malta, due to its strategic location and favorable regulations, can be an excellent place for business development.
