Incorporate in Malta
Background & General Outline
The Republic of Malta is situated in the centre of the Mediterranean, south of Sicily, east of Tunisia and north of Libya. Malta gained its independence from the United Kingdom in 1964 and became a republic in 1974. Since 1964 it has been a member of the United Nations and in 2004 it joined as a member of the European Union. Malta is also party to the Schengen Agreement and in 2008 it became part of the euro-zone.
The legal system is Civil code with many Common Law influences.
As a member of the EU, the Euro is used.
Disclosure of the Beneficial Owner
When you Incorporate in Malta it is required to disclose details of the Beneficial Owner to the Government Authority.
Income Tax is the only tax imposed on the profits of companies. The standard corporate rate of income tax is fixed at 35% of taxable income, which is the net profit (accounting profits) as reported in the companies’ audited financial statements, subject to certain adjustments. All expenses incurred wholly and exclusively in the production of the income are considered deductible for tax purposes.
A shareholder would be entitled to a refund of 6/7ths of the tax suffered by the Maltese registered company on profits allocated to the company’s Foreign Income Account or Maltese Taxed Account and out of which dividends were distributed (thus reducing the combined overall Malta effective tax rate in respect of such profits toa maximum of 5%)
Double Tax Treaties
Malta’s has a large and expanding network of double tax agreements comprising 62 treaties in force to date. Malta’s double tax treaty network as well as other domestic methods for relieving double taxation on cross border transactions, and Malta’s full imputation system and its refundable tax credit system provide an excellent base for establishing tax efficient structures
Maltese companies trading from Malta may be required or entitled to be registered in Malta for VAT purposes and the VAT prefix will be ‘MT’.
Any name that has already been incorporated, or is so similar as to cause confusion. Any name which in the opinion of the Registrar is considered undesirable, obscene or offensive.
There are no specific restrictions on trading imposed on Maltese Companies. However, companies involved in particular spheres of economic activity may require a license before commencing their activities. Such activities would include investment services, insurance business, other financial services and also gaming activities, to mention a few.
Summary & Features
Incorporation in Malta takes approximately 1 week once the required due diligence documents and required agreements are signed.
A Maltese Corporation is free to engage in many types of business activities, both in Malta and in other countries.
Local laws require that a yearly audit be completed and financial and taxes files. This is all handled with us through our offices. Please note, even without income it is still necessary to conduct the audit and file the documents and pay the government it’s annual fees.
Incorporate in Malta
OUR Malta Offshore Company Formation Package Includes:
- name check
- preparation of memorandum
- preparation of articles
- preparation of registration forms
- filing with the registrar of companies
- payment of filing fees
- certificate of incorporation
- Local Secretary & Secretarial service.
- share certificates
- minutes of board meeting
- register of directors
- register of shareholders
- 1st year registered office
- 1st year government administration and maintenance