Malta flag

MALTA


Despite the fact that Malta is not considered a classic tax-free jurisdiction, it is very profitable and prestigious to have a company there. It is possible to carry out any legal activity in the European Union. Malta may be suitable for establishing your business presence due to its strategic location, stable and developed economy with the possibility of entering many local markets. Companies in Malta are particularly attractive to ship owners owning boats up to 1,000 tonnes - they are exempt from personal income tax. If you are considering this jurisdiction as an option for you, a business presence there can be arranged in one of these forms. Another very important sector is gambling - Malta issues gambling licenses for online betting quickly and easily.


Advantages of Jurisdiction


If you are in doubt as to whether to choose the option of establishing a company in Malta or selected other jurisdictions, there are a number of arguments in favor of registering a company in Malta:

  • Financial and economic stability.
  • Easy and fast registration. The new company can be opened in two to three weeks.
  • No personal presence of the beneficiary in Malta is required.
  • Security of personal data. Authorized representatives resident in Malta will act on your behalf. This will ensure complete privacy for the beneficiary.
  • Fair tax legislation.


    • Basic forms of legal and business presence


    If you want to establish a company in Malta or organize your business presence in any other possible way, our specialists can offer you the following options in advance:

  • Limited Liability Company – a Maltese company where the liability of the shareholders is limited to the amounts of the contributions made. The minimum number of members of the company is two people. The maximum number of participants in such a company is limited to 50. In addition, the articles of association must contain restrictions on the transfer of shares and prohibit any solicitation of such shares to the public. The registration of this company in Malta requires the formation of authorized capital in the amount of 1200 Euro, 20% of which must be paid at the time of registration. This subject company must have a minimum of one director. Companies that operate in the form of a private limited liability company can carry out any activity recognized as legal by international law.
  • Public limited liability company – an entity where the liability of the shareholders is also limited to the amounts of contributions made. The minimum number of members of the company is two people. However, the company is allowed to offer its shares to the public. In order to register this company, a minimum share capital of 47,000 Euro is required and it must be fully deposited at the time of registration. A public company must have a minimum of two directors..
  • General partnership – this is a business option that unites partners who jointly carry out business and have unlimited liability for its results. The registration of such a partnership is required under Maltese law.
  • Limited Partnership - another form of partnership where there must be (i) at least one general partner whose liability for the partnership's business is not limited in any way and who manages the joint business of the partnership by default, and (ii) one or more limited partners whose liability is limited to the amounts of contributions made to such partnership.


    • Registration Requirements and Steps


    If you intend to register a company in Malta, the process must be completed by going through these preliminary stages:

  • Determining your business objectives that you will realize through the Maltese company.
  • Choosing, verifying and saving the business name for a future Maltese company.
  • Collection of information for shareholders, beneficial owners and future managers of the Maltese company.
  • Renting the registered office address for the future legal entity.
  • Deposit of minimum required amount of legal capital.
  • Drafting the memorandum and articles of association for the future Maltese company.
  • Formation and submission of the set of necessary documents to the registrar.
  • Registration for tax and social security purposes.
  • Obtaining licenses and special permits (if necessary).


    • The actual registration plan may vary slightly depending on the business objectives and context of the case. "Smart Startup UK" specialists can advise you more precisely on the matter.


    Legal and Regulatory Framework


    Malta has created very favorable conditions for doing business and investing. Local legislation is in line with European standards. Malta is a suitable jurisdiction for setting up flexible corporate structures that enjoy favorable tax conditions, including thanks to the existence of EU-based companies. The process of setting up a company in this jurisdiction is easy and does not involve many bureaucratic formalities. Accounting and filing of annual financial statements in the country is required for each company. The scope of the annual formalities includes the preparation of financial statements, annual reports, information on the number of employees and allocation of shares (if any) for the next audit. Certain areas of activity (investments, banking, gambling) require a license. "Smart Startup UK" specialists can help you effectively in these cases. The main legal acts regulating business matters are the Companies Act, the Financial Institutions Act, the Investment Services Act and the Commercial Service Providers Act. The main government authorities in the area of ​​doing business are the Malta Business Register and the Malta Financial Services Authority.


    Tax system of Malta


    If you are considering registering a company in Malta, these tax highlights may be helpful as you do so:

  • Corporate income tax rate – formally 35%, but actual 5%*
  • Personal income tax rate – 35%
  • Value added tax rate – 18%
  • Withholding tax (for non-residents) – (i) dividends - 0%, (ii) interest - 0%, (iii) royalty - 0%
  • Tax rates on capital gains - may vary depending on source of income and taxpayers.


    • *The corporate income tax rate established by local law is formally 35% and is calculated on the amount of all income received. But actually this rate is 5% for commercial companies. In the initial stages of doing business, he has to pay tax in the amount of 35% of the total income received. But in the following months, 6/7 of this amount is returned (ie 30%). For royalties and non-controlling interest, the amount of return is 5/7 of the amount of tax paid (actually 10% corporate income tax is paid by an enterprise). In some cases, it is even possible to be completely exempt from paying corporate income tax. Contact the lawyers at Smart Startup UK to get more details about the favorable tax terms that may be available in your particular business case.


    If you find the Malta company formation option suitable for you at the moment, Smart Startup UK's specialists can provide you with more detailed information on the jurisdiction in question and suggest alternatives. Our lawyers will gladly create a plan to establish your business presence in this jurisdiction, prepare all the necessary documents and organize the interaction with the local authorities. We will also be happy to open a corporate bank account for your future Maltese company, as well as to support its further activities in this country. Our professionals are experienced in dealing with common and unusual issues of doing business. Contact us soon for more precise discussions and proposals.


    CREATE A COMPANY


  • Checking and booking a company name in the MFSA
  • Registration of a company in the form of an LLC, including state fees
  • Memorandum of Association
  • Certificate of Incorporation
  • Company stamp
  • Opening a corporate account in traditional banks Bank of Valletta p.l.c., IIG Bank (Malta)
  • Obtaining a VAT number
  • Local secretarial services for one (1) year
  • Apostilled and translated company documents
  • Free consultation
  • Help with online trading and opening an account at viva.com for online trading
  • Accounting services - 12 months
  • Annual renewal (payable from the second year)

    • *Within 30 days


    IMPORTANT! We can provide you with the initial share capital (if the amount is over EUR 5,000) for the registration of your company in the form of a loan from our company. Please, if you are interested, make an inquiry to us.


    What is the procedure!

    1. You submit a request for company registration using the request form.

    2. We check if the registration company name is free and eligible for registration.

    3. Choose a bank that suits your company's needs from a list of Smart Startup UK partner banks provided.

    4. We send you a proforma payment invoice to pay to our bank account + the initial capital amount of your company.

    5. You receive all necessary company documents for verification.

    6. You receive details of your newly opened bank account.

    7. In the specified period (for Malta it is 30 days), you receive all the services included in the package.

    8. You can manage through our platform all the services included in the package, as our team works 24/7 and you can get help from us within up to 30 minutes. We have built an internal ticketing system for our customers through which we process your every support request.


    All services like management, accounting, request to open bank accounts, licensing, filing tax returns, paying taxes and more are done through your account on our platform, it makes it easy managing your business!