Formation and Registration

Company Registration in Malta: A Comprehensive Guide

1. Introduction This guide provides an overview of the process, requirements, and benefits of registering a company in Malta.

2. Types of Companies in Malta

·         Private Limited Liability Company (Ltd) – The most common type, requiring at least one shareholder and a minimum share capital of €1,165.

·         Public Limited Liability Company (PLC) – Suitable for larger businesses; requires a minimum share capital of €46,587.

·         Sole Proprietorship – Operated by a single individual with unlimited liability.

·         Partnerships (General and Limited) – Formed by two or more persons, with limited liability options available.

·         Branches of Foreign Companies – Foreign entities can establish a branch in Malta with certain reporting obligations.

3. Steps to Register a Company in Malta

1.      Choose a Business Structure – Determine the appropriate legal structure for your business.

2.      Reserve a Company Name – Ensure the desired name is unique and complies with Maltese regulations.

3.      Prepare Statutory Documents – Draft the Memorandum and Articles of Association.

4.      Deposit Share Capital – Open a corporate bank account and deposit the minimum required capital.

5.      Register with the Malta Business Registry (MBR) – Submit incorporation documents and pay registration fees.

6.      Obtain a Tax Identification Number (TIN) – Register with the Inland Revenue Department.

7.      VAT Registration – If applicable, register for VAT with the Commissioner for Revenue.

8.      Social Security and Employment Registration – Register employees with Jobsplus and the Social Security Department.

4. Compliance and Reporting Requirements

·         Annual Returns – Must be submitted to the MBR.

·         Financial Statements – Companies must prepare audited financial statements annually.

·         Tax Filings – Corporate tax returns must be filed yearly with the Inland Revenue Department.

·         AML and KYC Compliance – Companies must adhere to anti-money laundering and know-your-customer regulations.

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