Establish a Subsidiary in Malta

 

A balance sheet, profits and loss account, a director’s report and an auditor’s report must reflect the true financial situation of the company. Our experts can help you with professional accounting services in Malta. If you do not want to establish an accounting department for your subsidiary in Malta, you can externalize such services and hire our accounting firm in Malta. Our team of experts is at your disposal if you are interested in accounting services for subsidiaries in Malta in 2021.

 

 

 

The company formation in Malta is made under the rules of Maltese Company Act. A subsidiary can run under the rules of private limited liability company which can be established by at least 2 shareholders, and which needs to have at least one manager and one company secretary. At least 20% of the minimum share capital of EUR 1,200 needs to be deposited in a Maltese bank account. It is good to know that there is no restriction involving the nationality of shareholders and managers, meaning that they can be local or from abroad. These are the rules for private limited liability companies in Malta. As for public limited liability companies in Malta, these can be established in the same conditions, the only difference being related to the minimum share capital which is larger compared to the one for private limited liability companies. We remind that our company formation representatives in Malta are at your disposal if you would like to set up a subsidiary in Malta, so do not hesitate to solicit support for all the formalities involved in the incorporation process.

 

 

A subsidiary is an independent structure, it is flexible and can be 100% foreign-owned. In the case of branches in Malta, this is completely dependent on the parent company, or in other words, it is an extension of the company from abroad. In terms of taxation, subsidiaries must register for taxation including VAT, while branches will have to obtain only the Maltese VAT number. Moreover, the taxation of subsidiaries is made on the global income, while branches are levied on the profits registered in Malta. You should respect the formalities of branches and subsidiaries in Malta and align with the requirements involved. Let our team of company formation agents in Malta tell you more about how you can set up a subsidiary or a branch in Malta.

 

 

Subsidiaries in Malta can be easily established and can benefit from the experienced workforce available in the country. This structure is flexible and foreign entrepreneurs can hire both local and overseas workers for their subsidiaries in Malta. There are no restrictions in this sense, however, it is recommended to pay attention to the visa and work permit requirements for citizens outside EU and EEA who want to work for your subsidiary in Malta.

 

 

The advantageous business climate in Malta is appealing to a large number of international investors who want to generate profits in this part of Europe. The online gaming industry in Malta is extremely developed, it is supported by a permissive legislation and sustains the country’s GDP in a large percent. In terms of licenses and permits, the only companies which need to align with the requirements involved are the ones established in the financial sector. Occupations like accountants, lawyers, opticians, etc. will have to observe the rules for special licenses and permits in Malta. This means that formalities of company registration in Malta have been simplified in the recent years, allowing entrepreneurs to set up their activities quite rapidly. Here are some facts and statistics about the business and economy in Malta:

 

 

Subsidiaries in Malta can be established rapidly in 2021 if all the requirements and conditions are respected, in compliance with the applicable laws. For more information about how you can open a subsidiary, you may contact our local agents in company formation in Malta.