Maltese company law is in conformity with EU directives. The principal legislation covering companies and partnerships in Malta is the Companies Act of 1995. Maltese Shipping companies are regulated by the Merchant Shipping Act. The company formation process can take as little as 48 hours to complete.
Malta offers significant advantages as a company domicile, offering fully EU-compliant, low effective tax rates, an excellent professional services infrastructure and a respected, well regulated legal jurisdiction.
Malta Limited Liability Company
The most commonly used corporate form in Malta is the limited liability company. Such is formed by means of subscription to capital divided into shares. As the name implies, in such a company the liability of the shareholders is limited to the amount, if any, unpaid on the shares held.
A Maltese company is required to have at least two shareholders. However, a private limited liability company may be formed as a single-member company, subject to certain restrictions. A least one director and a company secretary are also required. In the case of shipping companies, a company secretary is not a requirement.
The minimum share capital required in order to incorporate a company in Malta is €1,200 which amount can be either fully paid up or only 20% thereof paid up.
Share capital may be denominated in any currency. Maltese companies are not subject to any exchange control restrictions. This facilitates the use of Maltese corporate vehicles for international business. Exchange risk is further minimized by the fact that the company‘s income tax is paid in the same currency as the share capital. Any tax refunds are also given in the same currency.
Malta Company Registration
Company formation in Malta requires the submission of a valid Memorandum and Articles of Association (M&A) together with an identification document of the subscribers, and proof that initial share capital has been paid up. A certificate of registration is then issued by the Registrar of Companies. We assist by means of drafting of the M&A for their specific commercial requirement and also act as representatives for the incorporation of the company here in Malta.