Malta: Company formation process in 2024
Malta, a small island nation in the Mediterranean Sea, has a rich history as a trade and financial center. Since joining the European Union in 2004, Malta has become an attractive jurisdiction for international business. The country offers a stable political and economic environment, a favorable tax system, and a strategic location between Europe and Africa. Over the past decades, Malta has significantly modernized its corporate legislation to meet international standards and attract foreign investment.
Taxation
Malta offers an attractive taxation system for companies:
- Standard corporate tax rate: 35%
- Tax refund system: shareholders can receive a refund of up to 6/7 of the tax paid, effectively reducing the tax rate to 5%
- No capital gains tax for non-residents
- Extensive network of double taxation agreements (more than 70 countries)
- Exemption from tax on dividends and interest for non-residents
- No property tax or wealth tax
Documents for Company Registration
- Memorandum and Articles of Association
- Confirmation of registered office address in Malta
- Details of directors and shareholders (copies of passports, proof of address)
- Confirmation of paid-up share capital
- Form BO1 with information on beneficial owners
- Business plan (may be required for certain types of activities)
The process of registering a company in Malta usually takes 2 to 4 weeks. It's important to note that the timeline may increase if additional permits or licenses are required for specific types of activities.
How to Register a Company in Malta
Registering a company in Malta offers a number of advantages, including a favorable tax regime, a stable legal system, and access to the European market. However, the process requires careful preparation and compliance with all legal requirements. We recommend that you contact IT-OFFSHORE specialists to ensure a smooth registration process and compliance with all regulatory requirements.
