Procedure of company registration
To begin incorporation of a Maltese company the following is required:
- Company Name
- Director/s full name, date of birth, address and nationality
- Shareholder/s full name and address
Documents you are required to provide:
- Proof of identity. Either passport, national identity card, photographic driving licence
- Proof of residential address. Gas/electricity bill or credit/debit card bank statement dated within the last 3 months
A Maltese company must have at least one director, they may be an individual or corporate body and do not need not be Maltese nationals.
In order to obtain a Maltese bank account the company requires a resident nominee director. Eltoma Corporate Services can provide this service. However, directors/shareholders residency is not important to establishing resident status for the purpose of the treaties.
A minimum of two shareholders are required who may be corporate or individual. The personal details of a Maltese company’s registered shareholders are public information but, anonymity can be retained by the use of nominee shareholders.
The maximum number of shareholders for a private company is fifty. The minimum number of shareholders is normally two; however a single member company may also be registered under the Maltese Companies Act. A single member company is a private limited liability company, which qualifies as an exempt company and which is incorporated with one member.
A Maltese company must have a company secretary. It is the duty of the directors to take all reasonable steps to ensure that the company secretary is an individual who appears to them to have the requisite knowledge and experience to discharge the functions of company secretary. The law does not require that the company secretary be resident in Malta.
Every Maltese company must maintain a registered office in Malta. Any changes to the company’s registered office must be notified to the Registrar of Companies. Eltoma Corporate Services can provide this service.
European Commission publishes tax avoidance disclosure directive
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OECD publishes compliance review for all non-compliant jurisdictions
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EU Parliament Committee release findings & recommendations for current offshore taxation measures
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