Maltese International Trading
Companies

1. Corporate Requirements
2. Disclosure & Reporting
Requirements
3. Expatriate Employees
4.
Bank Accounts
5.
Documentation Required for Formation
6. Formation
timescale
7. Costs & Fees

The
basis statutory requirements for the formation of an ITC and its principal
characteristics are as follows:
|
Corporate Requirements |
|
Standard issued share capital |
Lm
500
(approx. USD1500)
(in any foreign currency) |
|
Minimum paid up share capital on
incorporation: |
20% |
|
Minimum number of Shareholders
required: |
One shareholder (if the company
director is a natural person) or
Two shareholders (if the director is
corporate).
(At least one non-resident shareholder) |
|
Nominee Shareholders Permitted: |
Yes |
|
Minimum number of directors: |
One. In certain cases, director
may also act as company secretary. |
|
Corporate directors permitted: |
Yes |
|
Local directors required: |
No |
|
Local meeting required? |
No |
|
Company secretary required? |
Yes |
|
Meetings: |
At least one General Meeting each
year, in addition to any other company meetings. |
|
Local Registered office required: |
Yes. We offer registered office
services. |
|
Malta Tax residence to benefit from
Tax Treaty network: |
Based on incorporation in Malta. |
|
Exchange Control: |
No exchange control regulations - may
conduct business in any currency |

|
Disclosure and
Reporting Requirements |
|
Disclosure of beneficial owner to
Company Registrar |
No (when using nominees) |
|
Government register of
directors |
Yes |
|
Government register of
shareholders |
Yes |
|
Annual return |
Yes |
|
Submission
of accounts |
Yes |
|
Audit |
Yes |

Expatriate
Employees
Company may operate an office in Malta and
employ skilled expatriates in Malta. Foreign employees paid in Malta will
be subject to National Insurance and local Income tax regulations. Tax
rates vary between 0 - 35%, depending on the declared salary of the
employee.

Bank Accounts
Company may hold Bank accounts in Malta or elsewhere.

Documentation Requirements for ITC
Formation
A full company formation documents package is available
by contacting us at your convenience.

Formation
Timescale
Official effective registration of the
company: 1 day

Costs and fees
Details of costs are provided on
request
by contacting us at your convenience
