Register Company in Malta

“Fionza Consultants: Your Premier Partner for Malta Company Registration

Are you looking to establish your business presence in Malta? Look no further than Fionza Consultants, your trusted partner for seamless Malta company formation. Our comprehensive service package includes not only Malta company registration but also expert assistance in opening corporate bank accounts in Malta and navigating the intricacies of financial license applications. At Fionza Consultants, we offer a one-stop solution to help you kickstart your business operations in Malta with full legal compliance. Get started with us today!”

Malta

Company Registration – 3 Week
Local Director? – No
Bank Account Opening – 4 Weeks
Travel Required – No

Register company in Malta

“Streamline Your Malta Company Registration Process with Fionza Consultants

Registering a company in Malta can be a hassle-free experience, provided you have the right guidance. With Fionza Consultants by your side, you can redirect your time and resources towards more critical aspects of your business.

Our efficiency-driven approach ensures a smooth and efficient journey throughout the entire Malta company formation process. Our primary objective is to ensure your Malta company is fully operational within the agreed-upon timeframe.

Our comprehensive service package encompasses all the essentials for your company formation in Malta, including:

Company Registration with Malta Business Registry
Local Company Secretary and Registered Address
Facilitating Local or International Corporate Bank Account Setup
License Applications (if needed)
Annual Accounting and Tax Services

How long does it take for setting up a company in Malta and open a corporate bank account?

“At Fionza Consultants, we are committed to expediting the Malta company registration process for you. With our expertise and dedication, we aim to have your company registered in Malta within a swift 3-week timeframe, provided we receive all the necessary due diligence documents. The best part? You won’t need to make any overseas trips during this process.

Next, when it comes to establishing your corporate bank account, our team will assess your business needs, transaction volume, and nature of operations. Depending on these factors, we’ll efficiently set up your corporate account with either a reputable local bank or a trusted overseas institution. You can anticipate having your banking solutions in place within just 4 weeks following your company’s registration.

As a result, you can expect your company to be fully operational and capable of issuing invoices within a total of 7 weeks from the moment you engage Fionza Consultants.

Moreover, if your business activities require specific licenses in Malta, rest assured that we’ve got you covered. We can assist you in securing various licenses, including the Virtual Financial Assets license for cryptocurrency ventures and gaming licenses for online gambling or casinos.

For a comprehensive, step-by-step guide to setting up a company in Malta, don’t hesitate to reach out to Fionza Consultants. We’re here to provide you with all the information and assistance you need to make informed decisions about your business expansion in Malta.”

What types of companies are there?

“Despite its status as one of the smallest members of the European Union (EU), Malta stands out as an exceptionally cost-effective destination for establishing offshore companies. This Mediterranean gem has become a favored hub for businesses operating in industries like cryptocurrency and remote gambling.

What makes Malta particularly attractive is its robust regulatory environment, which includes a range of licenses and regulatory frameworks. These measures allow high-risk businesses to operate legally and securely within the country.

When it comes to structuring your business in Malta, you have a variety of options to choose from, including:

Limited Liability Company
Malta Freeport Company
Public Limited Company
Branch Office
Representative Office

Limited Liability Company (LLC): A Limited Liability Company is the preferred business entity for many small and medium-sized enterprises (SMEs) considering company registration in Malta. SMEs can benefit from various tax incentives, potentially reducing the corporate tax rate from 35% to as low as 10%. An LLC is a separate legal entity, and shareholders are not personally responsible for the company’s debts. For most business activities, Fionza Consultants typically recommends setting up an LLC to leverage these tax benefits. The requirements for establishing an LLC, as per the Malta Business Registry, are minimal:

2 shareholders of any nationality
1 director of any nationality
1 Maltese company secretary
Malta registered office address
Minimum share capital of at least €1,200.

For certain business sectors like financial services, gambling, or cryptocurrency, specific licenses may be required, along with additional requirements such as higher capital or local economic substance.

Malta Freeport Company: If you plan to engage in logistics or export-oriented industries, Fionza Consultants recommends registering your company in the Malta Freeport. This allows you to benefit from reduced corporate income tax rates, lower VAT rates, and investment tax credits. Registering a Malta Freeport company does not involve additional requirements, as it is essentially a Limited Liability Company within the Malta Freeport. It is important to note that the Malta Freeport company is governed separately under the Malta Freeports Act, distinct from the Malta Free Zones Act.

Public Limited Company (PLC): For those considering raising capital through Initial Public Offering (IPO) or shares issuance, Fionza Consultants suggests considering a Public Limited Company (PLC). With a PLC, you can list your company on the Malta Stock Exchange. To establish a PLC, you’ll need:

2 shareholders
2 directors of any nationalities
1 Maltese legal representative or company secretary
A legally registered office address
Minimum issued share capital of approximately €46,600, with at least 25% paid up before company registration.

Branch Office: A branch office is an extension of the parent company aiming to conduct business activities in Malta. The parent company is fully liable for the debts incurred by the Malta branch office. There are no restrictions on investment amount or ownership, but a branch representative in Malta must be legally appointed to manage operations. Additionally, Malta does not impose branch remittance taxation.

Representative Office: Representative offices are intended for foreign investors who do not plan to conduct business in Malta. They are only allowed to engage in limited and non-commercial activities such as market research and marketing activities for their parent company. Representative offices are a popular choice for foreign investors seeking to establish a presence in Malta and explore the potential market before committing to full-scale operations.

How to register company in Malta?

“Registering Your Business in Malta: A Step-by-Step Guide

Step 1: Choose the Right Business Structure When considering business registration in Malta, it’s crucial to select the most suitable business structure. Malta offers several options, including:

Limited Liability Company (LLC)
Malta Freeport Company
Public Limited Company (PLC)
Branch Office
Representative Office

Our team at Fionza Consultants starts by understanding your unique business model, needs, and objectives. Based on our assessment, we recommend the ideal business structure for your venture. For many smaller businesses, the Limited Liability Company (LLC) is a popular choice due to its tax advantages. We’ll also provide guidance on paid-up share capital, company structure, relevant legislations, and any necessary licenses.

Step 2: Reserve Your Company Name Once you’ve chosen a business name, Fionza Consultants will assist in reserving it with the Malta Business Registry. Upon approval, your reserved name will be valid for up to 3 months.

Step 3: Prepare Supporting Documents Before proceeding with company registration in Malta, you’ll need to furnish a list of required Know Your Customer (KYC) documents, including director names and identification proof. Additionally, you’ll need to complete an application form. Fionza Consultants will use these documents to draft and notarize the company’s Memorandum and Articles of Association. Depending on your business activity and structure, we’ll also prepare articles of incorporation, a business plan, and other relevant incorporation documents.

Step 4: File for Registration Fionza Consultants will handle the registration process with the Malta Business Registry, submitting the application form online. Once approval is granted, we’ll courier the company registration certificate, Memorandum and Articles of Association, and other essential documents to your chosen address.

Step 5: Open a Corporate Bank Account Post-registration, Fionza Consultants will guide you through the process of opening a corporate bank account. We have established partnerships with reputable banks in Malta and globally. Our team will introduce your business to relationship managers and compliance teams to facilitate the account setup.

Step 6: Manage Financial Reporting and Taxation Obligations Continuing to legally conduct business in Malta means staying compliant with financial reporting and taxation requirements. Fionza Consultants offers comprehensive accounting and tax services to ensure your compliance with regulatory obligations. Our dedicated consultants will handle tasks such as preparing financial statements, corporate tax returns, and managing bookkeeping on your behalf. In Malta, the corporate tax rate is 35%, and the VAT rate is 18%. Our consultants are available to address any queries you may have regarding your company’s obligations.

Documents required to register company in Malta

“When embarking on the company registration process in Malta, you should be prepared to provide a set of essential documents, which typically include:

Memorandum and Articles of Association
Identification documents for shareholders, directors, and company secretaries
Registered office address within Malta
Registers of shareholders and directors
Confirmation of company name reservation
Payment of the company formation fee
Ultimate Beneficial Owner disclosure form (Form BO1)
Relevant incorporation forms (e.g., Form CO1, Form CO2)
Application for a Tax Identification Number (TIN)

It’s worth noting that this list represents the core documentation required, but additional materials may be necessary depending on your company’s specific circumstances and activities. For a comprehensive understanding of your unique requirements and to ensure full compliance, we encourage you to consult with our team of experienced business setup consultants. We are here to guide you through the process with expertise and efficiency.”

Annual accounting and tax considerations for company registered in Malta

“Annual Accounting and Tax Considerations for Malta Registered Companies

Financial Statements: Companies in Malta are mandated to prepare annual financial statements adhering to either International Financial Reporting Standards (IFRS) or the General Accounting Principles for Smaller Entities (GAPSE). These statements must accurately depict the company’s financial position, performance, and cash flows.
Auditing Requirements: In Malta, companies typically require an audit of their financial statements conducted by a certified auditor. Some size-based exemptions may apply, but auditors play a vital role in independently reviewing and verifying financial statements’ accuracy and compliance with accounting standards.
Tax Returns and Payments: Malta-based companies must submit an annual tax return to the Inland Revenue Department, detailing financial information such as income, expenses, and any tax credits or incentives claimed. Timely submission is essential to avoid penalties. Additionally, companies are obligated to make quarterly advance tax payments based on estimated tax liability.
Tax Compliance: Malta operates a territorial tax system, with taxation focused on income earned in or remitted to Malta. To ensure compliance, companies must maintain accurate records, appropriate supporting documentation, and adhere to transfer pricing rules if applicable.
The corporate tax rate in Malta stands at 35% on chargeable profits as reflected in audited accounts. However, Malta offers a tax refund system that provides substantial fiscal benefits to shareholders. This system can reduce effective tax rates to 0% for holding companies and 5% for trading companies. Specific legal conditions must be met for shareholders to qualify for these tax refunds.

Meeting these requirements allows shareholders of holding companies to enjoy full tax exemption on distributed profits, while shareholders of trading companies benefit from a reduced tax rate of 5% on distributed profits. These tax refunds promote investment and economic growth in Malta.

To maximize these fiscal advantages and optimize tax positions, companies and shareholders must seek professional guidance and comply with all legal obligations outlined in Maltese tax legislation.
VAT Reporting: Companies registered for Value Added Tax (VAT) must fulfill relevant reporting obligations, including timely submission of VAT returns, payment of VAT liabilities, and maintenance of proper VAT records. Certain companies may be eligible for VAT refunds or special VAT schemes, such as the Malta Gaming Goods and Services VAT Scheme.

Navigating Malta’s accounting and tax landscape requires attention to detail and adherence to regulations. Seeking professional assistance is recommended to ensure compliance and capitalize on available tax incentives.”

Why choose to register company in Malta?

Before proceeding to register company in Malta, it is important to understand the business landscape of the jurisdiction. This is to ensure that your newly established entity will be able to safely and legally conduct business, while striving towards your long-term business goals.

Political Environment

Transparency International’s Corruption Perceptions Index ranks Malta as the 50th least corrupt country globally.

Economic Landscape

The official currency in Malta is the Euro.
The corporate tax rate in Malta is 35%, but there are significant tax incentives that can effectively reduce the rate to nearly 10%.
Malta has signed over 60 Double Taxation Avoidance Agreements (DTAAs) to prevent double taxation in international trade.
Malta holds a competitive edge with a score of 68.55% in the World Economic Forum’s Global Competitiveness Report, making it the 38th most competitive economy globally.

Social Characteristics

Malta boasts a high literacy rate of 94.5%.
A remarkable 88% of the Maltese workforce is proficient in English, minimizing language barriers when interacting with local authorities and banking institutions.
The country’s small population of approximately 500,000 attracts investors primarily interested in offshore ventures rather than domestic markets.

Technological Advancements

Malta’s government introduces Malta Virtual Financial Assets (VFA) licenses, creating a regulated and secure environment for cryptocurrency businesses.
The presence of numerous gambling businesses, overseen by the Malta Gaming Authority, allows companies to apply for gambling licenses and operate legally.

Legal Framework

According to the World Bank’s annual ratings, Malta is ranked 88th globally for ease of doing business. This rating reflects some challenges related to the response time provided by the Maltese government during the company registration process.

Environmental Standing

Malta holds an impressive 4th place in the Environment Performance Index, reflecting its commitment to environmental stewardship.”

Looking to register company in Malta?

Contact us to find out more about how to register company in Malta. Our team of experts will revert within the next 24 hours.

FAQ

Can a foreigner register a company in Malta?

Yes–a foreigner can register a company in Malta. More crucially, a foreigner can have 100% ownership in their companies.

Why do companies register in Malta?

The Government of Malta has incorporated laws that are geared towards the optimal operation of businesses in the country. Some of the pertinent advantages of registering a business in Malta include: Tax Optimization; Reduced Business Costs; International Business Expansion; Access to Offshore Banking; and Asset Protection.

How much does it cost to register a company in Malta?

The engagement fee depends on the services you require from Fionza Consultants. Prior to each engagement, our team will fully understand your business needs and inform you of the exact services you require.

Fionza Consultants’ fees include government fees such as business name reservation charges, company registration fees and tax registration costs

What are the requirements for the registration of a company?

To register a company in Malta, we have simplified the process as follows: 1.) Select a Suitable Business Structure; 2.) Reservation of Your Company Name; 3.) Preparation of Supporting Documents (such as list of directors along with identification proof); 4.)Filing for Registration; 5.) Opening of Corporate Bank Account; 6.) Financial Reporting and Taxation Obligations

Throughout these processes, Fionza Consultants will guide you through each step–making this arduous process hassle-free for you!

How to set up a company in Malta?

In order to set up a company in Malta, you will first need to register your company (see FAQ on How to register a company in Malta). Thereafter, you will need to set up a corporate bank account. Ultimately within 6 weeks, your business will be fully operational

What is the Malta Company Tax rate

The corporate tax rate in Malta is 35%, while the VAT rate is 18%.