The basic statutory
requirements for the formation of a Malta Company and its principal
characteristics are as follows:
|
Corporate Requirements
for Malta Companies |
|
Standard
issued share capital |
EUR1,250 (approx.
USD1500)
(in any foreign currency) |
|
Minimum
paid up share capital on incorporation: |
20% (EUR250
- approx. USD300)* |
|
Minimum
number of Shareholders required: |
One
shareholder (if the company director is a natural person) or
Two
shareholders (if the director is corporate).
(At least one
non-resident shareholder) |
|
Nominee
shareholders permitted: |
Yes |
|
Minimum
number of directors: |
One. In
certain cases, director may also act as company secretary. |
|
Local
directors required: |
No, but
strongly recommended |
|
Corporate directors permitted: |
Yes,
resident directorship services provided |
|
Local
company secretary required: |
Any
nationality,
company secretarial services provided |
|
Local
meeting required: |
No |
|
Meetings: |
At least
one General Meeting each year, in addition to any other
company meetings. |
|
Local
Registered office required: |
Yes. We
offer
registered office services to Malta Companies. |
|
Exchange
Control: |
No exchange
control regulations - may conduct business in any currency |
|
Average
timeframe to set up a new company |
24-48 hours
(depending on availability and adequacy of
documentation/information provided) |
* except where the
Malta Company makes use of nominee directors.
Confidentiality
Shares may be held on behalf
of an undisclosed beneficiary by
Claris Trustees & Fiduciaries Ltd, our
trust management and nominee company licensed by the
Malta Financial Services Authority.
Exemption from
Exchange Control Regulations
In view of Malta's EU
membership, exchange control laws have long been abolished.
Expatriate Employees
Company may operate an office
in Malta and employ skilled expatriates in Malta. Foreign employees paid
in Malta will be subject to National Insurance and local Income tax
regulations. Tax rates vary between 0 - 35%, depending on the declared
salary of the employee. We are able to assist you with applications for
work permits in Malta.
Bank Accounts
Malta companies may hold bank
accounts in Malta or elsewhere. We enjoy very healthy banking
relationships with the main banks in Malta, including major
international banks. Cheque books and credit / debit cards are
availability in a wide choice of currencies. Resident and
non-resident bank accounts are available with comprehensive
telephone, internet and mobile banking facilities are available.
International commercial and trading finance facilities are excellent.
Documentation Requirements
for Company
Formation
A full documentation package
and details of fees and costs will be provided on request.
