Due to relaxed legislations and tax advantages granted to foreign investors, Malta has become a popular business destination. Investors are attracted even more due to the stable economy and valuable business environment in the country. However, before you think about pulling investments, you need to know how exactly you can register your company in Malta. Read below to find out more.
- Companies that qualify for registration
Whether you are a local or a foreigner looking to open your own company, you have several choices. Here are the legal entities that can be registered in Malta.
- General or limited partnerships.
- Private or public limited liability companies.
If you want to only establish a small business for now, you can also opt to register as a sole trader. But, if you belong to a foreign company, you will have greater advantages and resources at your disposal.
- Steps for Malta company registration
The following requirements must be met if you want to set up a company in Malta.
- Register an office in the country.
- Have a minimum share capital of EUR 1,165 if you are opting to set up a private company.
- Open a bank account and transfer the minimum share capital in it.
- In the case of public companies, you will need a minimum of EUR 46,600 as your share capital. 25% of this will need to be paid at the time of incorporation.
- Once the Certificate of Incorporation is in your hands, you need to register your company for tax purposes.
The registration procedure will only be complete once you are able to obtain a license for operation and registered for tax. You will also need to inform VAT and other relevant Maltese authorities. Until you complete all the steps, you cannot open for business. Good luck!
