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 |
