Malta Company Formation & Incorporation
The process of company formation and incorporation in Malta is set out by The Malta Companies Act which is modelled on its UK counterpart. Maltese business owners can therefore enjoy a simple, straightforward Malta company incorporation procedure. When a Malta business is formed, the company may be registered within a day of receiving all required Maltese company documentation, information and funds from the Registry of Companies in Malta.
There are numerous financial and operational benefits associated with registering a business in Malta. If you’re a Maltese business director, or are considering the formation of a Malta registered company, read on to find out just what to expect from your swift and smooth business incorporation process:
Requirements & Restrictions of company formation and incorporation in Malta
Malta company law does not impose any restrictions on the nationality and residence of the shareholders and directors of a Maltese business, or that of the company secretary. Furthermore, provided the business operation in question is legal, there are no restrictions on the types of activities that a company in Malta can carry out following its successful registration and incorporation. However, the activities of certain Maltese businesses may be regulated by local authorities such as the Malta Financial Services Authority (MFSA) or the Malta Lotteries and Gaming Authority (LGA).
The Maltese Companies Act states that the minimum share capital of a company registered in Malta is €1165. At least 20% of this must be paid upon subscription, and deposited in a bank account under the name of the Malta registered business.
When forming a Maltese registered business, bear the following conditions in mind:
- A Malta company is required to have at least one director, who may also act as the company secretary in certain cases.
- It is possible for a body corporate to act as the director of a Malta business, although the role of company secretary must be filled by an individual.
- Maltese business laws also state that an individual can be both a company director and shareholder.
For successful Malta company formation and incorporation, Maltese law generally requires that a business has at least two shareholders; however, it is possible to successfully register a Maltese company with only one shareholder provided the company fulfils certain conditions. Shareholders in Maltese businesses can be either individuals or corporate bodies, and it is possible for the shares in a Malta company to be held by an authorised fiduciary, thereby keeping the identity of the beneficial owners fully confidential. A Maltese company is also required to hold a members’ Annual General Meeting (AGM) at least once every year.
A registered Malta company is required by law to submit an annual return to the Registrar of Companies, and to have all annual financial statements audited.
For a Malta company formation process that is quick and straightforward, turn to EMD’s group of Maltese business experts. EMD’s Malta business experts can advise and assist you with your Malta company incorporation procedure, so you can be sure of meeting the legal requirements for successfully establishing a Maltese company and becoming a Malta business owner.