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Requirements and Conditions of Malta Limited Liability Companies

General Information

Legal system

Common Law

Economy

Most significant  source of income for Malta is the tourism sector.

Currency

Euro

Language

Maltese and English are official languages.

Time zones

GMT + 1 hrs

 

Information on Companies

Malta Company forms

Maltese International Trading Company
Maltese International Holding Company

Malta Company Law

Companies Act 1995. Company law, maritime law as well as tax law are modelled after British law.

Minimum capital requirement

Private Company: €1.165,00 out of which 20 % need to be paid in.
Public Company: €46.590,00, out of which 25 % need to be paid in.

Restrictions

Maltese companies may not offer financial services unless a respective permission is given. ITC and IHC may not pursue business activities within Malta.  

Taxation

The general corporate tax rate in Malta is 35%. However, companies with beneficial owners being not tax-resident in Malta do receive, upon application and under certain circumstances, a tax return of generally 6/7 of the corporate tax paid, resulting in an effective tax rate of 5 %. Dividend income is not taxable in Malta.
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Double Taxation Treaties

Malta has signed Double Taxation Treaties with 36 states.

Annual tax filing

yes.

Annual Audit 

Yes.

Annual License Fees

No.

Registered Company address and agent for incorporation

Registered company address must be in Malta. Agents for the incorporation are not necessary.

Company secretary

At least one natural person who is resident in Malta must be appointed as company secretary.

Malta Company Directors

At least one. Nationality and country of residence are of no importance. Natural or legal person.

Malta Company Shareholders

At least two in cases where shareholders are natural persons. At least one in cases where the shareholder is a legal person.

Confidentiality

Confidentiality can be achieved through the appointment of trustees.

Disclosure of the ultimate beneficial owner

Confidentiality can be achieved through the appointment of trustees. 

Directors publicly known 

Yes. Anonymity can be achieved through the appointment of a company as trustee.

Shareholders publicly known 

Yes.

Malta Company Bearer Shares

No.

Control of foreign currency

Not given.

Name of the company

Name can derive from any language with Latin characters.

Name restrictions

Terms such as „Royal“, „Imperial“, „Bank“, „Insurance“, „Trust“, as well as offensive and obscene names, names which suggest an involvement with the government, are not permitted.   

Name affixes

Limited or Ltd.

Language of Company documents

English

Duration of incorporation

5 working days.

Malta Shelf companies

Very rarely available.