Malta Companies Act
The Malta Companies Act is modelled on its UK counterpart and allows for a straightforward procedure for the incorporation of companies. A Malta company may be registered within a working day from receipt of all required documentation, information and funds.
There are no restrictions on the nationality and residence of the shareholders, directors and the company secretary of Maltese companies. Furthermore, there are no restrictions on the types of activities that Maltese companies may carry out, although the activities of certain Malta businesses may be regulated by local regulatory authorities such as the Malta Financial Services Authority (MFSA) and the Malta Lotteries and Gaming Authority (LGA).
In terms of the Maltese Companies Act, the minimum share capital of Maltese registered companies is €1165, of which at least 20% must be paid up upon subscription and deposited in a bank account in the name of the company.
A Malta Company must have at least one director, who in certain cases may also act as company secretary. In the Malta Company you can occupy both the office of director and be a shareholder of the company. The director can also be a body corporate; however the company secretary must be an individual.
Although the law generally requires that a company has at least two shareholders, it is possible to register a company with one shareholder if certain conditions are satisfied. Shareholders can be either individuals or corporate bodies. At least one members’ general meeting must be held annually. It is possible for the shares in the company to be held by an authorised fiduciary, thereby keeping confidential the identity of the beneficial owners.
A registered Malta Company is bound to submit an annual return to the Registrar of Companies as well as to have its annual financial statements audited.
A Malta registered company can benefit from Malta’s very attractive tax system. For more detailed information on Malta Companies, Malta Tax or anything else related to business in Malta.