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Open a Maltese Limited Liability Company

Updated on Tuesday 19th April 2016

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According to the Maltese Company Act, there are several types of companies foreign investors may set up in Malta. Among these, the most employed business vehicles are the private and public limited liability companies
 
There are several differences between the two business forms regarding the number of shareholders and the requirements for the minimum share capital. Investors can choose the right type of company based on their available capital, future plans for expansion and the willingness to list their company and make shares available to the public.
 

The Maltese private limited liability company

 
The Maltese private limited liability company must have less than 50 shareholders. It must be incorporated by at least two initial members, however, the law also allows for a special form of private exempt company with only one shareholder. At least one director and one company secretary are needed to ensure the management of the company.
 
The minimum share capital for the private limited liability company is 1,200 euros or its equivalent in another currency. 20% of this amount must be deposited in a bank account at the time of the incorporation. 
 

The Maltese public limited liability company

 
The public limited liability company can have more than 50 shareholder. The minimum share capital required to incorporate this business form is larger, at more than 46,000 euros. This amount can be submitted in euros or in another currency. The entire capital must be submitted upon incorporation of the amount is no larger than 46,000 euros.
 
The share capital of a public limited liability company is divided into shares of a fixed nominal value. Companies that issue shares must provide relevant information about their profits and losses and financial status in order to allow the investor to make an informed decision regarding the purchase of shares.
 
Public companies in Malta have different requirements for corporate management and annual financial reporting. At least two directors are needed to run the company and also a company secretary. The shares of the public company can be traded on the Stock Exchange, unlike in the case of the private one. Its articles of association contain information about the right to transfer shares (which should not be restricted) and the manner in which the public can subscribe for company shares.
 
The shareholders of both types of companies will have limited liability with respect to the companies’ debts and obligations. Shareholders’ liability will be limited to the amount they contributed to the foundation of the company. 
 
Private companies can be converted into public ones by changing the memorandum and articles of association. The resolution to make these changes must be submitted for registration with the Registrar of Companies together with other relevant documents. 
 
Our company registration agents in Mata can help you with more information about the distinct requirements for each type of company.
 

How to set up a limited liability company in Malta

The first step to open a limited liability company in Malta is to draft the Memorandum and Articles of Association of the company. The documents will be submitted with the Maltese Companies Register. The incorporation procedure will take about 24 hours. Other requirements for opening a limited liability company in Malta are:
 
- to have a registered office;
- to open a corporate bank account;
- to appoint a local auditor;
- to register with the Employment Training Corporation in case the company will hire personnel.
 
The company must also apply for a trading license with the competent authorities depending on the type of activities it will carry out.
 
Our company formation agents in Malta may draft the Articles of Association and help you with the registration procedure. You may also contact us for registration with the tax authorities and other accounting services.

 

Comments

  • Tom 2015-02-07

    hello It's a good post.Thank you for sharing.

  • Mariusz 2015-04-17

    Dear Sirs, I would like to open ltd company in Malta with one shareholder,dedicated in export and import of goods. What is the full cost of company opening? Mariusz

  • Wajeh 2015-04-27

    Dear I hope this email finds you well. We are group of six people from Libya ,we would to establish EU trading limited company based in Malta. Therefore, we would like you to assist us in forming it, how much does it cost to set up the firm, How long it takes? What is tax terms? How long residence permit allowed for? How many persons would be allowed as shareholder? What other services you could provide? Two persons of the group have EU visa already up to end of this year 2015, so they can travel to deposit the capital to establish the company. I am looking forward to hearing from you. Regards, Wajih Email: wajih1980@hotmail.com Mob: +218 683 65 70

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