Incorporating a company in Malta brings numerous advantages for business owners, including limited liability protection, tax benefits, and increased flexibility in capital raising. This concise guide will outline the process of company incorporations in Malta, providing a clear understanding of the steps involved.
Selecting a Company Name and Reserving it with the Malta Business Registry:
To initiate the incorporation process, you’ll need to engage a licensed Company Service Provider (CSP) approved by the Malta Financial Services Authority (MFSA), such as Zampa Debattista. The first step involves selecting an original and unclaimed name for your company. Once the CSP completes customer due diligence and onboarding procedures, they will reserve the chosen name with the Malta Business Registry
Drafting and Submitting the Memorandum and Articles of Incorporation (M&AAs):
The M&AAs are vital legal documents that define the organization’s structure and objectives. They include essential information such as the company name, registered address, officer and shareholder details, share structure, voting rights, and key provisions governing meetings and decision-making processes.
After the submission of all necessary incorporation documents, along with the required registration fee, to the Malta Business Registry, the company can commence operations as a separate legal entity. Once approved, the Registrar of Companies issues a Certificate of Incorporation, which includes a unique company number (C Number). At this stage, a board of directors meeting should be held to address additional organizational matters.
Compliance and Ongoing Obligations:
Once the company is operational, it must adhere to legal requirements such as submitting annual returns, conducting regular board meetings, complying with tax regulations, and maintaining accurate financial records. Failing to meet these obligations may result in legal and financial consequences.
Incorporating a company in Malta provides significant benefits for business owners, including limited liability protection and enhanced flexibility in raising capital. By following the streamlined process outlined above, you can establish your company as a separate legal entity and enjoy the advantages of incorporation in Malta.
At Zampa Debattista we can assist your business with all your outsourcing needs. Get in touch with us for a discussion on how we can assist your team with incorporating your company.