The Republic of Malta is a Southern European island country in the Mediterranean Sea.
Since joining the European Union, Malta has had to adapt from their traditional Off-shore company formation to what is now known as a non-resident company. The most popular of these being the Private Limited Liability Company (LLC).
With Malta’s very flexible tax system it has maintained much of the previous foreign financial businesses which were formed as traditional off-shore companies.
Malta is a reputable jurisdiction in a fantastic location and with an international, highly rated banking system and rebates and credits, which are achieved through their tax imputation system, companies which are structured correctly can manage to pay lower corporate taxes.
Malta offers the option of a private exempt LLC, which allows for single member ownership. There are also a number of differences between a private a public liability company, such as the fact that the Malta Private LLC has restrictions on the rights to transfer shares, off the public any of its debentures or shares, as well as a limit on the number of employees which it may have, which is currently, only under 50.
- Single member Ownership Permitted
- Re-domicile permitted
- Corporate Tax Benefits
- Administrative Flexibility
- Asset Security
- Non-resident companies many of the benefits of resident companies
- Modern legislation
- European Union ease of access
- EU Member Country
- Access to over 70 Double Tax Treaties
- Holding Company
- Holding of Intellectual Property Rights
- Online Gaming
- International Trading Company
- Maritime vessel ownership
A Malta Private LLC has no trading restrictions, however a company which seeks to own real estate must be given the appropriate authorisation.
A few of the requirements to form a LLC in Malta are the following: – Confirmation of the acceptance of the proposed company name, a registered office address. The names and address for each Shareholder and Director, as well as certified copies of valid passports or national ID cards, such as those issued in the European Union. These need to be certified by either a Notary Public, Bank or by the issuing country’s Embassy, each of the above also require a bank reference.
These are all submitted to the Companies Register.
|Company Type||Private Limited Liability Company (LLC)|
|Country Law||Civil Law (with Common Law influence)|
The Companies Act, 1995 (as amended)
Additional financial legislation:-
Business Promotion Act 1988
Trusts and Trustees Act 1988
Malta Financial Services Authority Act, 1994
Banking Act 1994
Investment Services Act 1994
Financial Institutions Act 1994
Financial Markets Act 2002
|Registered Office Required||Yes|
|Local Registered Agent Required||No|
|Shelf Companies Permitted||No|
|Migration Of Domicile||Yes|
|Average Time To Form Company||5 to 7 Business Working Days|
|Minimum Government Formation Charge||€245 EUR to €2,250|
|Recurring Minimum Annual Company License Fee||€245 EUR|
|Annual Return Filing Fee||€100 – €1400 Dependant on authorised capital|
|Access to Double Taxation Treaties||Yes - 70|
Maltese companies may be registered for VAT purposes. The Value Added Tax rate of 18% is applicable to companies who are trading within the EU. The VAT prefix is ‘MT’
Please the Taxation section for further information regarding Corporate Tax in Malta.
|Minimum Required Directors||1|
|Local Director Required||No|
|Board Meeting Location||Anywhere in the World|
|Corporate Directors Permitted||Yes|
|Privacy - Publicly Available Records||Yes|
There is a minimum requirement of one Director. Directors can be either individuals or corporate bodies of any nationality and resident of any country.
|Local or Qualified Position||No|
A secretary is required but is has to be an individual. In the instance of the Director being an individual (not a corporate body – Corporate Director), they may also be the secretary.
|Standard Currency||EURO €|
|Permitted Share Currency||Any|
|Minimum Paid Up Shares||€250 EUR|
|Usual Authorised||€1,165 EUR|
|Bearer Shares Permitted||No|
|No Par Value Shares Permitted||No|
Permissible share for a Maltese LLC are, ordinary shares, registered shares, redeemable shares and preference shares.
|Shareholders - Members|
|Meeting Locations||Can be held anywhere in the world|
|Privacy - Publicly Available Records||Yes|
|Requirements To Prepare||Yes|
|Keep Financial Records||Yes|
|Requirement To File Accounts||Yes|
|Requirement to File Annual Return||Yes|
|Accounts Publicly Accessible||Yes|
Malta’s Tax System is not straightforward but offers many benefits such as no inheritance, wealth or annual property tax, as well as no tax on dividends or interest. Corporate income tax is at the rate of 35%.
With Malta’s tax system, it is comprehensible to establish a very tax efficient structure. Malta’s many double taxation agreements are also very favourable.
It is advisable to consult with an International or Maltese Tax Consultant or Accountant to see if the Malta LLC is suitable for your business needs.
|Location||Southern European island country, in the Mediterranean Sea|
|Size||Approximate area of 316 sq. km|
Main and Official Languages
Manufacturing - electronics and pharmaceuticals
Road - Driving on the Left
Summer (DST) - CEST (UTC+2)
|International Dialling Code||+356|
Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.