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ICO in Malta

2018-10-05

The Republic of Malta is a country of the European Union. This island nation is located in the Mediterranean. Registering a business in this country is beneficial for entrepreneurs. In the spring of this year, there was news that the island nation plans to make legal work with the BTC cryptocurrency. In connection with this event, registration of a legal entity in Malta under the ICO is relevant, according to experts.

What is needed for the implementation of the procedure

For registration you will need to organize a number of events. Only after they have been completed can an ICO company be launched.

List of required procedures:
• When choosing the name of a legal entity, you need to make sure that the name is available for registration. To save time, it is recommended to choose three options;
• Subsequently, you must obtain the relevant documents for the operation of the company;
• An application is made to the MFSA;
• Tax payments are paid;
• Registration is in progress;
• Fees are paid;
• Registration is paid.

When registering a company, it should be noted that in each company, under existing laws, a secretary and director must be appointed.

Registration Features

To open a company in the EU country Malta, a presence in the registration process is not necessary. To carry out this procedure is possible only if there is a local address. Each company must file a tax return electronically, even if it does not trade, and profits are not considered taxable.

If the firm pays taxes, it has the right to apply for a refund. This is necessary to refund a portion of the paid payment. So, for a 35% tax, you can return some of the funds in the amount of 30%. Each company is subject to mandatory audit.

If you have questions after registration, it is recommended to contact lawyers. With the help of specialists, you can carry out the procedure faster and also open an account in a bank in a European state. It is possible to provide other related services related to the work of the company.