Malta is chosen as a business destination by many foreign entrepreneurs
who are attracted by the low company formation costs, the tax efficient
jurisdiction and the business opportunities in this small country, close to two
continents – Africa and Europe. For registering
a company in Malta, no matter its size, you may contact a local lawyer who knows
the legal steps and can help you incorporate your company in just a few days,
after you submit all the required documents.
For registering a company in Malta, based
on Companies Act that came into force in 1995, you need a memorandum of association
that contains the following information:
- the name of the company that
must be unique;
- the type of company you want
to register;
- the address of the registered
office in Malta;
- the economic activities it
will perform;
- the amount of share capital to
be paid for the registration and the total amount of share capital;
- the name of the subscribers of
the memorandum, their addresses and also the number of shares owned by each of
them;
- the number of directors and information
about each of them (name, address etc.);
- details about the company
secretary;
- representation of the company
- who is entitled to represent the
registered entity.
Trade Register is the local authority that handles the
company registration procedure.
Benefits of incorporating a company in Malta
An investor who chooses to register a company in Malta can
benefit from a refund if the shareholder of the company is a non-resident in
this country. There is also a tax refund for a company registered in Malta
that holds a participating interest in another non-resident company. Another
benefit is that the distribution of profits to the non-resident shareholders is
exempt from withholding taxes and stamp duties. The dividends can be
expatriated with no restrictions to the non-resident shareholders.
No comments:
Post a Comment