Published
4 вер. 2023 р.
Updates:
24 груд. 2024 р.
Malta
Price:
Delivery:
Legal forms:
Payment methods:
6 weeks
LLC, LLP, PLC
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Malta
$
1500
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Location
Capital
Official languages
Population
Currency
ISO 4217
Valletta
Malta
Maltese, English
535,064
EUR
Euro
Delivery
-
Certificate of incorporation
-
Articles of association
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Meeting minutes
-
Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Malta
Q: What is the process for company formation in Malta?
A: The process for company formation in Malta involves several steps, including obtaining necessary licenses and permits, registering the company with the Malta Business Registry, obtaining a tax identification number, and registering for social security contributions.
Q: What are the requirements for company formation in Malta?
A: The requirements for company formation in Malta include a minimum of two shareholders and two directors, a registered office address in Malta, and a minimum share capital of €1,165 for a private limited liability company.
Q: What types of companies can be formed in Malta?
A: Companies that can be formed in Malta include private limited liability companies, public limited liability companies, partnerships, and sole proprietorships.
Q: How long does it take to form a company in Malta?
A: The time it takes to form a company in Malta varies and can take up to several weeks, depending on the complexity of the registration process.
Q: What are the tax implications for companies in Malta?
A: Companies in Malta are subject to a corporate income tax rate of 35%. However, there are tax incentives available for certain types of companies, such as those involved in research and development.
Q: What is the legal system in Malta?
A: The legal system in Malta is based on civil law, with influences from English common law.
Q: What is the currency used in Malta?
A: The currency used in Malta is the euro (EUR).
Q: Can foreign nationals own a company in Malta?
A: Yes, foreign nationals can own a company in Malta. There are no restrictions on foreign ownership of companies in Malta.
Q: Are there any specific regulations for foreign-owned companies in Malta?
A: Foreign-owned companies in Malta are subject to the same regulations as domestically-owned companies. However, there may be specific regulations related to foreign investment in certain industries.
Q: What are the benefits of forming a company in Malta?
A: Some of the benefits of forming a company in Malta include a strategic location in the Mediterranean, access to the European Union market, a favorable tax system, and a highly skilled and multilingual workforce. Additionally, Malta has a stable political and economic environment, making it an attractive location for businesses.
Malta has a strong and growing economy, with a GDP of $14.3 billion in 2019. This is a 4.2% increase from 2018, making it one of the fastest growing economies in the European Union. The country has a low unemployment rate of 4.2%, and a high employment rate of 72.2%. The country also has a low inflation rate of 1.2%, and a high GDP per capita of $32,845. The country has a strong banking sector, with a total banking assets of $25.3 billion in 2019. The country also has a strong tourism sector, with over 2.7 million tourists visiting in 2019. Malta also has a strong manufacturing sector, with exports of $2.3 billion in 2019. Overall, Malta has a strong and growing economy, with a GDP growth rate of 4.2% in 2019.
Taxation in Malta includes both corporate and personal taxes. Here is an overview of the taxation system in Malta:
Corporate Taxation:
- Companies registered in Malta are subject to a corporate income tax rate of 35% on their worldwide income, but certain exemptions and deductions may apply.
- A full imputation system is in place, meaning that shareholders receiving dividends are entitled to a tax credit for the corporate tax already paid by the company on the profits out of which the dividends are paid. This results in a reduced effective tax rate for shareholders.
- Corporate tax returns must be filed annually, within 9 months from the end of the company's financial year.
- The payment of corporate income tax is due in two equal installments: the first installment by April 30 and the second installment by December 31 of the tax year.
Personal Taxation:
- Residents of Malta are subject to a personal income tax rate ranging from 0% to 35%, depending on their income level.
- Non-residents are only subject to tax on their Malta-sourced income.
- Personal income tax returns must be filed annually, by June 30 of the year following the tax year.
- Personal income tax payments are generally made through monthly withholding by employers or quarterly advance payments by self-employed individuals.
Value Added Tax (VAT):
- The standard rate of VAT in Malta is 18%, with reduced rates of 7% and 5% applicable to certain goods and services.
- VAT returns must be filed every three months, by the end of the month following the end of the VAT period.
Tax Payment Process:
- Taxpayers in Malta can make tax payments through banks or online payment systems.
- Taxpayers must file their tax returns and make their tax payments by the deadlines mentioned above.
- The Maltese tax authorities may conduct audits to ensure compliance with tax laws.
In summary, companies in Malta are subject to a corporate income tax rate of 35%, but certain exemptions and deductions may apply. Residents of Malta are subject to a personal income tax rate ranging from 0% to 35%, and non-residents are only subject to tax on their Malta-sourced income. VAT is also imposed at a standard rate of 18%, with reduced rates applicable to certain goods and services. Taxpayers must file their tax returns and make their tax payments by specific deadlines, and audits may be conducted to ensure compliance with tax laws.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
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