Payments made to the Registry of Companies

Kindly note that with effect from 1st July 2019, any payments in relation to the Registry of Companies Agency (ROCA) which are erroneously deposited to the Malta Financial Services Authority’s (MFSA) bank account will no longer be accepted and will be returned by the MFSA to the originator net of any applicable bank charges.  All…

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…

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…

Changes in Companies Act

Directive 2013/34/EU of the European Parliament and of the Council regarding annual financial statements of companies was transposed in Maltese laws by means of Legal Notice 289 of 2015 entitled “Accountancy Profession (General Accounting Principles for Small and Medium-Sized Entities) Regulations, 2015”, and amendments to the Companies Act, 1995. The changes will affect financial reporting…