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Dip.Tax, B.A., LL.M.(Warwick), LL.D., MIT, TEP

International Tax & Legal Counsel

MALTA

 

 

 

Business Advisory  ::  Company Formation  ::  Trusts  ::  Residency  ::  Tax   ::  Intellectual Property

 

 

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

International Trading Companies [index]

See also:

Double taxation treaties

International Holding Companies

A Malta base for Internet Betting Operations

 

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