Declaration on Beneficial Owners

Companies and other commercial partnerships registered in Malta prior to 1st January 2018 are required, in terms of regulation 8 of the Companies Act (Register of Beneficial Owners) Regulations, 2017, to set up their own register of beneficial owners by the end of June 2018. These companies are furthermore required to submit to the Registrar…

Issue of shares for consideration other than in cash – Capitalisation of Loans

The attention of company directors and company practitioners is being drawn to the provisions of article 73 of the Companies Act which are applicable also to cases where an amount due by a company to shareholders or third parties, as loans or other credit amount, is capitalised through the allotment of new shares. As regards…

Important Notice to company directors and company service providers

Attention is drawn to the recently issued Legal Notice regarding information on the beneficial ownership of commercial partnerships. The Companies Act (Register of Beneficial Owners) Regulations, 2017 will come into force on 1st January 2018 and will implement the relevant provisions on beneficial ownership information of Directive (EU) 2015/849 of the European Parliament and of…

The Companies Act (Register of Beneficial Owners) Regulations, 2017 – Registration of new companies as from 1st January 2018

As from 1st January 2018 the documents to be delivered to the Registry of Companies for the registration of a new company are to include a declaration, in the form prescribed (Form BO1), containing information on the beneficial owners of the company. This declaration is to be signed by two of the proposed directors of…

Information on Reliability of Registered Documents

All documents and statutory notices submitted by companies for registration are signed/authenticated by the signature of a director or company secretary of the company. Documents and statutory notices are received by the Registrar of Companies in good faith. The company officer signing is responsible for the content of the document. It is a criminal offence…

Change in Fees

Please note the following fees as amended by the Companies Act (Fees) (Amendment) Regulations, 2017. Applicable as from 20 July 2017. Every copy per sheet (regarding order of documents)€0.50 Certificate regarding true copies: in unbound form€5 Certificate regarding true copies: in bound form €10 For a certificate regarding the directors of a company (list of…

Evidence of paid up share capital – New Companies in Formation

It has been noticed that often banks are issuing receipts for the deposit of initial paid up capital in respect of new companies in formation without the company name being indicated on the document. This type of "bank slip" is not proper evidence of the paid up capital. Furthermore bank slips without the company name…

Notice to Company Officers

The Registry of Companies Online System is currently being upgraded. One of the new features of the system will be the possibility of issuing automated electronic reminders to all registered companies concerning the due dates and deadlines regarding the filing of the annual returns and annual accounts of companies. For this purpose we need to…

Notice on Penalties

The Registry of Companies wishes to notify authorised representatives of all Companies registered in Malta that following an extensive and thorough enhancement of its software, an upgraded system will go live as from the 23rd January 2017. The system will, on the basis of companies’ records held at the Registry of Companies, generate the following…

Notice to Company Directors

Company directors should be aware of new accounting rules which have become applicable for financial years commencing on or after 1st January 2016, relating to the preparation and presentation of annual accounts. It is the responsibility of directors to ensure that annual accounts in respect of their company are prepared and filed with the Registrar…