Malta Company Formation – A Straightforward Guide
Why Set-Up a Company?
The main benefit of conducting business through a company stems from the doctrine of limited liability, which provides for a legal distinction between the patrimony of the owner of the company (“the shareholder”) and the patrimony of the company. Thus, shareholders enjoy a great degree of financial protection since their liability is limited to the amount unpaid on any share capital, if any.
Registration Procedure
Preparation of Initial Company Formation Documentation
The first step involves preparing the Memorandum and Articles of Association (M&AA), the Beneficial Ownership Form, an Organisation Structure and other documents required by the Malta Business Registry (MBR).
Depositing the Initial Share Capital
The shareholders must also deposit the initial share capital of the company. The Malta Business Registry will require proof that the initial share capital of the company is readily available, either in a company-named account or through the services of a Company Service Provider (CSP).
Submission to the Malta Business Registry
The shareholders must submit all prepared company formation documentation and proof that the initial share capital is readily available to the Malta Business Registry. Once all necessary documentation has been submitted, the Malta Business Registry will issue a Certificate of Registration.
Post-Registration Procedure
Registering with Tax Authorities
Once registered, the Company must register with the Tax Authorities to obtain a Tax Identification Number (TIN). If the Company supplies goods or services, it must register with the VAT Department within 30 days of supplying goods and services for the first time.
Maintaining the Company in Good Standing
The Company will need to prepare and maintain adequate registers and issue share certificates to all shareholders. Furthermore, the Company Secretary will need to notify the Malta Business Registry of any changes in the company organisation.
Financial Reporting
The Company will need to prepare and maintain adequate trade books and financial statements. The financial statements must be audited and submitted to the Malta Business Registry.
Other Procedures (If Applicable)
Registering with Employment Authorities
Companies which intend to employ persons in Malta must register with Jobsplus and apply for a PE Number.
Registering with Regulatory Authorities
Certain business activities (such as air operations, investment services, banking, etc) require prior licensing or authorisation from competent regulatory authorities.
Contact Us
Zeta Corporate & Management Services Limited can assist in incorporating your company, maintaining your company and registering with tax and other competent authorities.