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January, 8 2019
December, 18 2018
Company formation and Registration in Malta
Malta is being ranked among the prosperous countries and has an advanced economy according to the International Monetary Fund. Over the years, Malta has become highly competitive with focus in areas such as taxation, multilingual employees, tourism, financial sector and Information Technology. Malta is therefore attracting countless foreign investors, companies and entrepreneurs to form a company in Malta. The foreign investment is boosting the Maltese economy and this has encouraged the Government to bring different incentives for Malta company tax deduction and schemes. Most of the schemes introduced are best for forming a new company.
Company formation procedures:
Like most of the countries, the main document requirement for forming a company in Malta, is memorandum and articles of association, which includes the below listed details. This can be done with the help of top law firms in Malta:
- Name of the company
- Type of company
- Name and residential details of each and every share holder
- Location of the registered office in Malta
- Share capital
- Name and other details directors
- Name and residence address of the company secretary
- Malta has always been quite easy with foreign investors or citizens, and hence they are not required during the formation procedures.
Other important requirements according to Maltese laws
After concluding the registration process, business license should be the company’s next priority. Applying for tax identification number (TIN) and, also registering for VAT is mandatory. Employer identification number and Employment training Corporation is also a must.