Businessmen interested in relocating the British company to Malta after Brexit should pay attention to the rules and regulations implicated in the process. For instance, the incorporation documents of the UK business must mention the possibility of company relocation if the owners agree. The entire company relocation process to Malta can be overseen by our company formation specialists in Malta. We can assist foreigners to register a company in Malta, as we can handle the formalities and many more.
What has changed from a business point of view after Brexit?
Many companies already moved from UK to Malta, prior to the end of the accommodation period post-Brexit. The new relationship between UK and EU countries was sealed with an agreement in this sense comprising information about immigration rules, business regulations, and more. If for the moment UK businesses do not need to pay extra fees for import and export activities within the EU block, some regulations might change in terms of labeling. Here are a few company relocation stages you need to observe:
- • The de-registration of the British company is done with the help of a relocation declaration signed by business owners and administrators.
- • Then, the Maltese Trade Register needs to be notified by the relocation from UK. The institution receives the company documents translated into Maltese if you selected the business form.
- • The relocation of movable and immovable assets of the UK company that needs to be moved can begin.
- • Registration with the tax authorities is mandatory in Malta.
- • If you have a trading company, you should apply for EORI in Malta.
In most cases, the limited liability company is the proper business structure in Malta and the choice of many entrepreneurs from overseas. One should note that if your activities require special licenses and permits, these should be obtained in Malta before the company registration in this country. One of our company formation specialists in Malta is here to guide foreign entrepreneurs who want to relocate the UK company to Malta.
Company registration in Malta – Short steps
The company incorporation in Malta is a simple process that allows businessmen to start the activities right away. The same is available for company relocations to Malta, yet such a process needs to be supervised by a specialist in company formation in Malta. The services of our agents are at your disposal if you are interested in moving the UK company to Malta, with respect to several requirements:
- • The minimum share capital of EUR 1,200 must be deposited in a local bank account in Malta.
- • All the relevant documents, such as the Articles of Association and the Memorandum of Association must be submitted to the Maltese Trade Registrar.
- • A registered office in Malta is required for a newly formed company.
- • The registration for tax purposes is another important step.
- • Special licenses and permits must be obtained before starting the activities.
If you believe it is time to relocate your UK company to Malta after Brexit, you should request the support of our company incorporation agents in Malta who can assist throughout the process.
Making investments in Malta
Malta is a small insular state that already hosts more than 30,000 companies established with foreign capital. Even if it’s a small market, Malta developed a wide range of business collaborations with countries worldwide. The financial industry in Malta plays a major role and offers varied opportunities for international investors who want to generate profits. The iGaming sector is another prolific segment that hosts a large number of gaming companies. The tourism sector is for sure a prosperous one that produces massive profits each year. There is no doubt about the industries in which foreign companies can enter and develop in Malta. Moreover, the skilled and multilingual workforce in Malta is a big plus in front of foreign investors. Here are some interesting facts and figures about the economy of Malta:
- In terms of total FDIs in Malta, nearly USD 206 billion was registered in 2019.
- Regarding the ease of doing business in Malta, the country ranks 88th out of 190 economies in the world, as stated by the World Bank.
- Most of the FDIs are directed to the financial and insurance services in Malta.
Interested in company relocation from UK to Malta? All the aspects and formalities can be discussed with our company formation agents in Malta. You can contact our advisors and see how you can be helped.