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Malta

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Guide to Company Incorporation in Malta

May 12, 2011, 12:16 pm
BridgeWest

1. What is the minimum share capital of a Private Limited Company in Malta ?
The Private Limited Company is designated for small to medium sized businesses therefore the minimum required capital is as low as 1.200 EUR.

2. What is the minimum share capital for a Public Limited Company in Malta ?

Maltese Public Limited Companies are designated for business at a large scale; therefore the minimum requirement for the initial capital is 46.600 EUR, with at least 25% paid prior to registration of the company.

3. Are there any special requirements for establishing a Maltese Limited Liability Company?

In order to set up a Maltese Private Limited Liability Company at least one member, natural person or legal entity, citizen of Malta or not is needed. The Private Limited Liability Company is the most preferred vehicle for business. The Maltese Limited Company is established by submitting certain documentation along with the Memorandum and Articles of Association at the Registry of Companies in Malta. The Memorandum and Articles of Association need to be signed by the subscribers, or their attorneys, without being signed in front of a notary public. Therefore a Maltese company can be incorporated without having to physically come to Malta. There is no requirement as to the citizenship of the company directors, however in certain cases additional identification documents of the founders is required. The Maltese Law imposes a registered office for any Maltese company; therefore the directors must take in consideration acquiring an address in Malta.

4. How can I register for VAT in Malta?
In Malta a company is required to register for VAT if the total value of goods acquired in a calendar year exceeds 10.000 EUR. In order to register for VAT the tax manager of the company must submit certain documentation at the Tax Authorities of Malta. If the application for registration is accepted the Maltese Tax Authorities issue the VAT number in a matter of days.

5. How can I open a bank account in Malta?
The banking system of Malta allows an entrepreneur to open any number of accounts in any currency. A Maltese company is required to open a bank account to deposit the initial capital and use it for future transactions. A business owner may choose a bank in Malta and outside of Malta. Therefore the actual presence of the company shareholder is not required. Also a local bank account can be opened by a representative of the company authorized to do so by power of attorney.

6. How can I recruit personnel in Malta ?
Malta offers qualified and competitive workforce. A newly established company can create company accounts on job websites, post announcements and select the most appropriate candidates for interviews. Another possibility for a company to hire employees is collaborating with a recruitment agency in Malta that can offer the best candidates following the requirements of the company.

7. What is the average salary in Malta?
The Maltese average net salary ranks around 1.400 EUR.

8. What is the overall economical situation in Malta?
Malta has a favorable geographical location and productive labor force. The economy is dependent on foreign trade, has limited freshwater supplies and energy resources. However the country ranks above middle of the European countries in terms of economy growth and has a rather low unemployment rate with satisfied workers and a good average salary. The government has taken initiatives to revive the less productive business sectors, offering incentives for foreign investors. The incentives include loans, tax deductions and certain grants. The Maltese government has pursued a policy of economic privatization and liberalization, encouraging a good relationship between public and private business sectors. Foreign investors are welcomed, being equally treated and even offered tax deductions and other incentives in some business sectors.

BridgeWest offers Company Formation in Malta.




Open Business in Malta
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