Malta

 

 

Main characteristics of the Malta Private Limited Company

 

 

General

Type of company	PLC
Disclosure of Beneficial Ownership to Government Authorities	No
Tax on Profits	35% (5% – special conditions apply)
Corporate Legislation	Companies Act, 1995

 

Corporate

Min. No. of Directors	1
Min. No. of Shareholders	2
Min. Share Capital	€ 1165
Corporate Directors Allowed	Yes
Nominee Directors Allowed	Yes
Nominee Shareholders Allowed	Yes
Company Secretary Required	Yes
Min. Paid up Capital	20% from € 1165
Bearer Shares Allowed	No

 

Local

Local Registered Office	Yes
Local Registered Agent	No
Local Company Secretary	Yes
Local Directors	No
Local Shareholders	No
Local Meetings	No
Government Register of Directors	Yes
Government Register of Shareholders	Yes

 

Annual

Annual Return	Yes
Annual Accounts	Yes
Tax Return	Yes

 

Restrictions

• Can not do banking, insurance without special license.
•  Naming Restrictions – In line with global norms, prohibited words include, for example, “Bank” and “Building Society”, and the registry has discretion to reject names that are indecent, offensive or misleading.

 

Advantages of using Malta PLC

• Fast incorporation procedures and simple ongoing administration.
• Reasonable formation and maintenance fees.
• Confidentiality.
• Directors and Shareholders can be either corporate entities or natural persons, residents of any country.
• 5% taxation of profit if special conditions are applied.
• Malta has entered into 57 double taxation treaties.
• Malta is a member of the EU and Malta Companies are subject to EU Parent-Subsidiary Directive.