Company formation on Malta, Legal and taxation aspects
Company Type: International trading Company
Name: | The company name must end with “Limited” or “LTD” |
Capital: | Standard capital 1 500 US$, 20% of which must be paid up. |
Shares: | Bearer shares are not permitted. |
Shares Index: | Yes |
Registered Agent Requirement: | Yes |
Registered Headquarters: | Yes |
Entry in the public Register: | Yes, the must be entered in the commercial register. |
Shareholders: | Minimum 1 (if the director is a natural person) Minimum 2 (if the director is corporate) |
Directors: | Minimum 1 |
Secretary (Commissary): | Yes |
Incorporation Period: | 3-4 days |
Disclosure of Beneficial Owner: | No |
Disclosure of Shareholders: | Yes, Anonymity can be retained through nominees. |
Disclosure of Directors: | Yes |
Trading Restrictions: | Trading in Malta or with residents of Malta is not permitted. |
Taxation: | Initially profits are taxed at the normal rate. Following the distribution of dividends, however, tax paid is partially refunded, resulting in an effective tax rate of 4.17%. |
State Tax: | No |
Charges Double Taxation Agreements: | Yes, 36 |
Financial Statements: | Yes |
Tax Returns: | Yes |
Accounting: | Yes |
Annual Reports: | Yes |
Acquisition Fees (ITC) : | Reasonable Cost |
General Information Area: | 315,6 sq km |
Capital: | Valletta |
GDP per capital: | 11 330 € |
Unemployment Rate: | 7% |
Population: | 397 000 |
Language: | Maltese, English |
Currency: | Maltese Lira |
Rate of Inflation: | 2.9% |
Political Risks: | None |
Cost of Living: | Law in comparison to Europe |
Communications: | Good |
Residence Permit: | Easily acquired |
Legal Systems: | Based on English law and the French code Napoléon, company Act of 1996 |
Exchange Control: | No |
Patent Law: | Yes |