Understanding the Procedure of Malta Company Formation and Registration

Malta stands out as an island with one of the most effective tax systems in Europe. It is a member of the European Union and a gateway to Africa. The country also lies in the Schengen zone. With this landscape, Malta boasts a positive attitude towards business and entrepreneurs. The island has many benefits for those who want to incorporate a company in the country.

After you have decided to initiate a Malta company formation, the next step is to choose a name for your business to register it with the Registry of Companies of Malta Financial Services Authority or MFSA. The MFSA will check if your chosen name is compliant and different from other company names. You will also need to get a document of Memorandum and Articles of Association and a deposit of the paid share capital required to form the company. Once you submitted all the necessary documents with the MFSA, it will take two days to incorporate a company in Malta.

As a business owner, you may require a PE number to register employees, a VAT number and a Tax Identification Number to register with the Employment and Training Corporation. Finally, you will enroll your company for data protection. If applicable, your business site might also need planning authority permits. The best part is that anyone meeting the necessary financial and legal requirements can form and register a company in Malta and enjoy its benefits.

The structure of a Maltese company also varies from the type of business you want to start. If it is a private company, it will have at least one director. Public companies, on the other hand, should have more than one executive. Both public and private companies should have a secretary and two shareholders. You will also have to take care of the renewal of company registration every year by submitting an annual return.

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