Malta

General Information

Area – 316 sq. km

Population – 429,344 people

Capital – Valletta

Official language – Maltese, English

Official currency – Euro (EUR)

Key Aspects

A special permission is required to perform banking, insurance and trust activity. Malta concluded 57 bilateral treaties for the avoidance of double taxation, including with the countries as follows: Austria, Belgium, Bulgaria, Great Britain, Germany, Greece, Denmark, Ireland, Italy, Canada, China, Norway, Poland, Romania, Singapore, Slovakia, USA, France, and Sweden. A company has the right to carry out is activity only outside Malta.

Company Type

The most popular company type is a Maltese Private Limited Company, i.e. a limited liability company.

Corporate Legislation

Companies Act 1995

Main Requirements for Company Directors and Shareholders

There should be at least two founders and two shareholders in a company.

Residence – they may be residents of any country.

Status – a natural person or a legal entity.

There should be at least one director.

Status – a natural person or a legal entity.

Residence – one of the directors must be a resident of the Republic of Malta

There must be a secretary (a natural person or a legal entity).

*The registered office and must be in Malta.

Authorised Capital

The authorised capital of a company in Malta is EUR 1,500

Accounting

Annual financial accounts are submitted once a year (paid for separately).

Taxation

Value added tax – 18%

Corporate tax – 35% (30% possibility of tax return)

Dividend tax – 0%

Questions that need to be answered to prepare the incorporation documents

• Passport details of the founders
• Passport details of the directors
• Photocopy of the ID pages of the founders’ and director’s international passports
• Types of the firm’s activity
• Utility Bill of the directors and founders, current email addresses and phone numbers
• Several proposed firm names