Corporate & Tax
Malta Solutions offers various Corporate services including the below but not limited to:
We can assist you as well with Tax services:
Tax restructuring exercises
Tax planning exercises for groups of companies
Personal and corporate Malta tax advisory services
Applications for tax rulings and tax interpretations from the authority
Application for VAT rulings on particular transactions
Review of income tax computations
Preparation and submission of corporate income tax return documentation;
Preparation and submission of claims for tax refund
Transfers of company shares
Attainment of tax and duty exemptions where applicable
Registration of foreign shareholders for refund purposes
Application for tax refund due to foreign shareholders
Application for first-year tax exemptions
Malta is a well-regulated EU jurisdiction boasting an attractive tax regime and an open market economy, meeting the demands of the global market and succeeding over the years in establishing strong and long-standing links with Europe and North Africa, through a liberal foreign investment policy and double taxation treaties with forty-eight countries.
Maltese law provides for several forms of corporate entities, the most frequent form is by far the limited liability company, which may have the status of a public or private company. Furthermore, private companies may be either exempt or non-exempt. Companies may have multiple activities including those of a ‘holding’ and ‘trading’ nature. The Companies Act (Chapter 386 of the Laws of Malta) provides for a straightforward and cost-effective process with respect to company registration and maintenance.
We offer a vast array of corporate services in Malta that will meet the needs of both new and established companies. We provide company formation and administration, back office services, company secretarial services and registered office facilities. We also offer the introduction, support and liaison with local and international banks.
Malta’s economic climate is constantly changing. Both national and international law and regulatory practices are becoming ever more complex. Our experienced in house lawyers use their expertise to advise and guide our clients in situations that require specific judicial experience.
We put our clients’ needs first and commit to providing a swift, professional and detailed response to client’s requests.
Company Registration in Malta
Registration of a company in Malta mainly involves the reservation of the company’s name, the deposit of the issued share capital into a local bank account opened in the name of the company and the submission with the Maltese Registrar of Companies of a memorandum and articles of association signed by the shareholders or their representatives. Provided that all the necessary documentation is in hand, incorporation of such a company normally takes between twenty-four to forty-eight hours. The documentation to be submitted to the Registrar of Companies, prior to the incorporation of the company varies in accordance with the nationality of the nationality of the directors and shareholders.
Share Capital and Shareholders
The share capital of the company may be denominated in any currency. The minimum issued share capital is €1,200. At least 20% of the issued share capital (€240) must be paid up at the time of incorporation and deposited into a bank account in Malta. The shares in a limited liability company are usually subscribed by at least two shareholders, however, the Companies Act also provides for an exception to the general rule that each limited liability company must have at least two shareholders. Such a company is commonly known as the single member company. A single member company is however subject to additional restrictions provided in the Companies Act, including that it must specify its main trading activity.
The company must have a registered office in Malta that may also be used as the business address of the company. A registered address in Malta with related back-office services can be provided either by CSA Group or by our affiliate fiduciary company Bastille Malta Trustees Ltd.
Board of Directors and Company Secretary
A company must have at least 1 director (a corporate entity may act as director of a company). It is not necessary to have Maltese directors although having a resident director in Malta may be relevant for the purpose of securing a place of effective management and control in Malta for tax purposes. CSA Group and Bastille Malta Trustees Ltd, provide the service of directorship in a Maltese company. The company must have a company secretary who must be an individual. We offer company secretarial services.
Company Compliance and Company Maintenance
A company is required to fulfill the following on-going and annual compliance matters:
To register for income tax purposes upon registration and submit a tax return every year.
To submit an annual, company return (containing information about the company, its shareholding, shareholders and officers) with the Maltese Registrar of Companies.
To prepare annual financial statements in accordance with the International Accounting Standards and to have the financial statements audited.
Malta Company Registration Costs
The official company registration fee due to the Registrar of Companies is calculated in accordance with the authorized share capital of the company, ranging from a minimum registration fee of €245 where the authorised share capital does not exceed €1,500 up to a maximum fee of €2,250 where the share capital exceeds €2,500,000.
The above fees are payable to the Registrar of Companies at the time of registration.
Official Annual Company Costs
An official fee due to the Registrar of Companies is payable every year upon the filing of the statutory company return showing details about the company, its shareholders, its directors etc.
The annual fee is similar to the registration cost, calculated in accordance with the authorized share capital of the company, ranging from a minimum fee of €100 (for companies with an authorised share capital of up to €1,500) up to a maximum fee of €1,400 (where the authorised share capital exceeds €2,500,000).