Frequently Asked Questions about Malta
The following are some of the most frequently asked questions about Malta Company Formation: |
How long does it take to incorporate a Maltese company?
Setting up a Maltese company is quick and easy, only taking up to ten days once all required information and documents have given to us. |
Is it easy to open a corporate bank account for a Maltese company?
It is very easy to open a corporate bank account with a reputable international bank in Malta. |
Am I required to visit Malta to incorporate a company there?
No. Healy Consultants can legally incorporate your Maltese company without you needing to travel. |
What is the minimum number of directors required for a Maltese company?
A Maltese international trading company (ITC) needs a minimum of one director. |
Is a resident director required?
A resident director is not required.
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What is the minimum number of shareholders required for a Maltese company?
A Maltese international trading company (ITC) requires a minimum of two shareholders. |
Are shareholder/director details available for public viewing?
Yes. |
What are the minimum capital requirements for a Maltese ITC?
A Maltese ITC requires a minimum capital of US$1,500. |
Is a Maltese company required to submit financial statements?
A Maltese company is obliged to submit annual accounts to the Maltese government. Also a Maltese company is unlikely to be considered a tax-avoidance vehicle, as it is required to submit annual audited accounts. |
How much tax does a Maltese company pay?
A Maltese company is not required to pay tax and Malta is not perceived as a tax haven jurisdiction. A Maltese company is required to register for VAT in Malta if the total value of goods acquired in a calendar year from a VAT-registered EU company exceeds 10,000 Euros (US$13,500). Malta's VAT rate is 18%. |
Is a Maltese ITC allowed to trade in Malta?
A Maltese ITC is not allowed to trade in Malta. An ITC may be used to purchase Maltese goods for export. An ITC is not permitted to hold foreign investments. |
Contact Us |
For more information on any of our Malta corporate services, please email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com
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