Malta – Company

Introduction to setting up a Company in Malta

Malta has a range of beneficial factors encouraging foreign investment into the country. Being a member state of the EU and a member of the Eurozone, Malta is particularly attractive for EU investors or for non-EU investors as a gateway into the EU. English is the national business language and with a European time zone, skilled workforce and modern telecommunications infrastructure, Malta is a country of choice when expanding your business abroad.

What are the main requirements for a Maltese Company?

As with all companies established in Malta, the setup of a subsidiary is regulated by the Malta Companies Act. Some preliminary requirements for the registration of a subsidiary in Malta include:
– The Memorandum & Articles of Association of the subsidiary detailing the company’s intended activities
– A minimum share capital amount of €1,165
– The nomination of at least one company secretary and one director
– A registered office in Malta

All required documents must be officially apostilled and translated into English by an authorised translator.

What are the accounting requirements of a Maltese Company?

The Malta Institute of Accountants and the Maltese Accountancy Board monitor the national accountancy requirements.

Malta subsidiaries would typically be required to adhere to IFRS (International Financial Reporting Standards) as adopted by the European Commission by virtue of the Accounting Regulation 1606/2002 or to General Accounting Principles for Smaller Entities (GAPSE).

Every Maltese company is required to keep proper accounting records detailing its transactions and financial position at one year intervals. The accounting records are generally kept at the registered office of the company.

Registration with the Inland Revenue Department to obtain a tax registration number is required by Malta subsidiaries for taxation purposes. VAT registration is also required depending on the subsidiaries activities. VAT returns should be filed quarterly and tax returns annually.

Exemption from stamp duty levied upon a transfer of the subsidiary’s shares may be applicable.

Please contact us in order to discuss your accounting requirements.

We will handle every aspect of the Company formation for you. Using our expert knowledge we can offer a company formation package in which we take care of company registration, issue of the certificates of registration, local directors, local representative and place of business in Malta, tax registration, VAT registration, and translation of documents into English (if required).

Our unique one stop solution for all European formation requirements also offers formation packages to set up multiple companies. The benefits for establishing multiple companies include further increased exposure and global presence, and we can organise everything for you.

A summary of Maltese Corporate Taxes is available here.