Republic of Malta

After the European Union accession in 2004 and vast experience as offshore jurisdiction, The Republic of Malta has become widely recognized international business and financial centre. Malta accepted Euro as its legal tender in 2008. Among the biggest advantages also belongs the fact that English is the official language.

Maltase companies is widely used for holding of international investments with potential of dividend and royalties’ distribution, in contemplation of capital gains profit and wide tax treaty network. Maltese legislation recognizes various types of companies: Limited Liability Company, General partnerships or trusts. Maltese Private Limited Liability Company is recommended for international transactions.

The capital city of Malta is La Valletta lying in the northeast of the island. The city bearing the name of the Grand Master of the Order of Knights Hospitaller Jean Parisot de la Vallette since 1566 was built with a very clear aim. There are a total of 5 islands; the largest and most populated is Malta, followed by the picturesque island Gozo, the small Comino with sparse habitation and the uninhabited Cominoto and Filfla.

Legal formPrivate Limited Liability Company (Ltd.)
LegislationInitially based on Roman law, influenced also by Italian Civil law and English Common law
The Companies Act 1995
Foundation timeOnce received all required documents from a client, a new Ltd. incorporation takes usually 3 – 5 days and documents are delivered within 3 weeks.
ShareholdersMinimum required and maximum permitted: 1-50 Form: physical person/corporate body (both possible) Nationality: Any (Maltese nationality not necessary)
DirectorsMinimum directors required: 1 Minimum secretaries required: 1 Form: physical person/corporate body (both possible) Nationality: Any (Maltese nationality not necessary) Other: Local director/secretary suitable for tax purposes
Share capitalMinimum share capital 1,250EUR (paid-up at least 20%)
Bearer sharesNot allowed
TaxesCorporate income tax rate: 35% (if refundable tax credit system applied, could be substantially reduced often up to 5%) Withholding tax: no withholding taxes on payments of dividends, interest and royalties irrespective of recipient, no taxation on the profits from the sale of securities VAT: registration obligatory if certain turnover threshold exceeded Other: Filing of annual returns required; extensive network of double tax treaties
AccountancyFiling of accounts required
AuditRequired
Anonymity and confidentialityThe companies register is publicly accessible
OtherRegistered office: Must be maintained in Malta General meetings: at least once a year, for tax purposes suitable if carried out in Malta

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