Legal System |
Common law. The established system of national substantive and procedural law, formed under the influence of English common law, with additions from the local legislation. |
The System of the Common State Registrar |
The company records (name, registration date, shareholder, director, secretary, address) are kept by the public registry.
The registering authority is Malta Registry of Companies. |
Registration Procedure |
Documents are submitted to the Registrar on paper.
The beneficial owner is not required to be present at the registration and filing procedures. |
E-Registration |
Available. |
Pre-incorporation Procedures (statement of compliance, affidavit, etc) |
Not Applicable. |
Company Name |
Prior approval of the name is required. The name may be in a language that uses the Latin alphabet. Company name must be ended in LIMITED or LTD.
The words: "Fiduciary", "Nominee", "Trustee" are not allowed. |
Incorporation Documents |
Memorandum & Articles of Association. Original documents shall be drawn up and kept in the English language. |
Share Capital |
The minimum share capital is EUR 1.164.69.
Most common: EUR 1200 divided into 1200 shares with par value of EUR 1 each.
Bearer shares are not allowed. |
Beneficial Owner |
The beneficial owner can be any physical person. Information about the beneficiary is not reflected in the Registrar. |
Shareholder |
At least two shareholders (physical person or legal entity). Maximum - 50 shareholders for private companies.
Transfer of shares into trust and use of nominee shareholder is allowed. |
Director |
At least one director.
The director may be a physical person or a legal entity. |
Secretary |
A secretary is required.
A physical person must be the secretary. |
Registered office |
A registered office Malta is required. |
Residency |
Is determined by the place of management of the company. |
Income Tax |
35% |
Taxes on Dividends |
0% |
Taxes on Capital Gains |
0% |
Taxes on Interest |
5% |
Tax Withheld at Source |
None. |
VAT |
18% |
Specific National Taxes and Levies |
Stamp Duty (SD) is 3,5 - 5%. |
Reporting |
Each year is fully reported in accordance with the IFRS. |
Audit |
Mandatory annual audit and reporting to the tax authorities and Registrar. |
Cost Accounting Rules |
Costs must be justified and documented. |
Tax Administration |
Formal, in accordance with the requirements of the law. |
Use of Tax Treaties |
Over 45 countries. |
Terms of Use of Tax Preferences |
Tax residency. |
Controlled Foreign Corporation in Jurisdictions with Low Tax (CFC) |
Not Applicable. |
Disclosure of Information |
There are official channels of information disclosure. Information about beneficiaries is revealed by the decision of a Court. |
Language |
Maltese and English. |
Registration of Company |
From EUR 5 230. |
Administration of Company |
From EUR 3 400 per year. |