Malta Company Formation – Key Facts

Share Capital

The minimum authorised share capital is EUR 1,165. Minimum paid up share capital is EUR 1,165.

Classes of Share Available

Registered shares, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares

Not permitted.

Restrictions on Trading

Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Office Required

Each BVI Company must have a Registered Office in Malta.

Directors

A Malta Company requires a minimum of one director is required. Director can be of any nationality and need not be resident in Malta. Corporate directors are permitted.

Shareholders

A Malta Company requires a minimum of one shareholder.

Publicly Accessible Records

Yes.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

The corporate tax rate is currently stands at 35%. When dividends are paid by trading companies to the shareholders, these shareholders become entitled to claim refunds 6/7ths of the Malta tax paid by the company. taking into account such refunds, this results in an effective rate of Malta tax is 5%.

VAT

Maltese company trading from Malta may be registered for VAT purposes and the VAT prefix will be ‘MT’.

Double Taxation Treaty Access

Yes.

Requirements to File Accounts

Yes.

Requirement to File Annual Return

None.

Audit Requirements

Yes.

Exchange Control

None.

Language of Name

English.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust”, “Trustee” etc. will require justification.

Name of a Company

The words “Limited”, or Ltd must be part of the name of every Malta company.

Time to Incorporate

5-10 days.