Malta is an extremely attractive jurisdiction to consider having your company set up in or moving your business to. Setting up a business in Malta is a popular choice for owners because of the beneficial and unique tax system, which can offer foreign shareholder’s a possible refund on tax suffered by the company. As an example a company set up in Malta that carries out trading activities could be entitled to a 6/7th refund of the tax paid. The Malta Tax refund system also allows for further refunds, which scale downwards from 6/7th’s on tax suffered on other types of income streams. An added point of interest for a company set up in Malta is that it may also be able to take advantage of a number of double tax treaty agreements that Malta has in place. Malta Company Set Up - Considerations The business could be a completely new start up or could be a continuation of operations in a newly opened Maltese subsidiary if part of a bigger group. Once the business owner is clear in their mind on setting up a business in Malta, it is a relatively simple process once all of the customer due diligence has been collected and processed. If the owner has a name in mind for the company set up in Malta, then this can be reserved with the Malta Registrar. If the business is being set up as a private limited company, the initial share capital will have to be deposited into a company bank account. However, should the company bank account not be in operation, the initial deposit can be provided to the corporate service provider whom will issue a practitioners certificate to the registrar alongside proof of receipt. As part of the Malta Company set up process all relevant documentation is drafted such as the Memorandum of Articles and when everything is in order it is presented to the Malta Registrar whom will inspect before accepting and issuing a company registration number and an incorporation certificate.
