Malta
NEWS
FACT FILE
Location Malta lies at the centre of the Mediterranean Sea, 93km south of Sicily and 288km north of Africa.
Time Zone Central European Time.
Population 416,046.
Capital Valletta.
Airport Malta International Airport, Luqa.
Language Maltese, English.
Currency Euro.
Dialing Code +356.
Centre's Expertise Corporate services, including holding company structures; investment services, including hedge fund domiciliation; captive insurance.
Political System Democratic republic.
Legal System Mixed legal sytem; company law and commercial laws mostly based on UK statutes and general property law based on a civil code.
Personal Income Tax Rates vary according to income brackets and whether computed jointly with spouse or individually.
Corporate Income Tax 35%.
Exchange Restrictions No, however in certain instances there may be a duty to notify the Central Bank of Malta for statistical purposes.
Tax Treaties For full details, please go to www.ifcreview.com/TIEA
Permitted Currencies Any convertible currency.
Minimum Authorised Capital €46,587.47 (plc); €1,164.69 (private company).
Minimum Share Issues €46,587.47 (plc); €1,164.69 (private company).
Shelf Companies Not used in practice in Malta as companies can be registered in a short time given the correct documentation.
Incorporation Time Scale Two to three working days.
Incorporation Fees An authorised share capital fee. The fees range from €210 to €2,250 depending on share capital and on whether registration is carried out in paper or electronic format.
Annual Fees Fees vary from €85 to €1,400 according to the authorised share capital of the company and according to whether registration of the annual return of the company is carried out in paper or electronic format. Furthermore, an annual return must be filled upon each anniversary of company's registration. Must be signed by at least one director or the company secretary and submitted to the Registrar of C
Minimum Number Two in the case of a public company; one in the case of a private company.
Residency Requirements None.
Corporate Directors Permitted (director may be any 'person') subject to registration status of the company.
Meetings/Frequency N/A.
Disclosure Yes, but when shares are held on trust or under a fiduciary agreement, one only finds the information about the registered shareholders and not the beneficial interests.
Bearer Shares Warrants to bearer can only be issued by public companies and then only if so authorised b the companies Memorandum or Article of Association and the shares are fully paid up.
Minimum Number Two, however a single-member company may also be registered (subject to certain conditions).
Public Share Registry Yes.
Meetings Frequency Every company must hold an annual general meeting.
Annual Return A copy of the audited financial statements must be fiilled with the registry within 42 days from the end of the period of laying the annual accounts (10 and 7 months afer the end of the relevant accounting reference period for private companies and public companies respectively).
Audit Requirements Required to appoint a Maltese auditor(s) at each AGM at which annual accounts are laid.
Registered Office Yes.
Domicile Issues N/A.
Company Naming Restrictions A public or private company may be designated by any name not already used by another company and not offensive or restricted. Such name must end with Plc pr Ltd.
ARTICLES
From Brexit to Blockchain: FinanceMalta's Annual Conference Weaved it All in
  Keynote speaker Patrick L Young reflects on the FinanceMalta Annual Conference and on Malta's future as a financial centre. (19/09/2017)
Investment Migration Programs: An Attractive Option in the Age of Fiscal Transparency
  Wealthy individuals are becoming increasingly interested in investment migration programs amid growing security concerns over the automatic exchange of information under the Common Reporting Standard (CRS). (03/09/2017)
Malta: Governance Initiatives in the Investment Services Sector
  Dr Josianne Brimmer examines recent initiatives in Malta designed to strengthen the investment services sector. (07/07/2015)
Citizenship by Investment Programmes: A Niche for Smaller Caribbean IFCs Only?
  Carlyle Rogers examines if Citizenship by Investment programmes are to remain a niche product for smaller IFCs or whether larger competitors will take notice of this lucrative sector. (01/01/2015)
The Global Citizen – The Wealth Management Opportunity
  Dominik Zunkovic considers the options available for HNWIs looking to take advantage of economic citizenship programmes. (01/10/2014)
Looking Through the Porthole to Maltese Citizenship
  Following the passage through parliament of Malta's Citizenship by Investment programme, George Mangion considers the benefits of acquiring Maltese citizenship. (01/10/2014)
Malta - Using Innovation to its Advantage
  David Borg examines how Malta has transformed itself from a tourism dependent economy to the vibrant financial centre it is today. (01/07/2014)
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FURTHER BACKGROUND INFORMATION
  IFC Malta: The Definitive Guide to the Maltese Financial Sector
  Free digital edition now available. - read more...
  Malta Tax Treaties
  Malta currently has 70 DTCs and 4 TIEA agreements in place. - read more...
  read all