Malta since joining the EU in 2004 has developed its Financial services industry and enhanced its reputation as a stable offshore centre with modern legislation facilitating Gaming, Mutual Funds, Captive Insurance, Offshore Banking and Offshore Company Incorporation. Corporation Tax is levied at 35% but Malta’s Tax system allows for tax refunds whereby Non Resident owners of Malta Companies have can achieve, in certain circumstances, effective tax rates of zero.
Malta Company Taxation
Local Malta company Corporation tax is 35% but non-resident owners of Maltese Companies can receive part reimbursement of Taxes paid by tax refunds if profits are distributed through dividends. For a Trading Company upon distributing dividends a refund of 6/7 of tax previously paid on the Tax charged to the Malta Company is refunded to the shareholder. The tax is actually paid to the Malta authorities and the respective receipt will be issued to the taxpayer in question. However, upon a subsequent distribution of a dividend by the Maltese company (no Malta tax is withheld or otherwise levied on such dividends distributed), shareholders are generally entitled to a refund of six-sevenths (6/7ths) of the Malta tax suffered on the profits out which the dividend was distributed.
The refund is reduced to five-sevenths (5/7ths) when the dividend is distributed from profits derived from passive income such as royalties. The refund is reduced to two-thirds (2/3rds) when the dividend is distributed from certain foreign-source income including royalties, dividends, capital gains, interest, rents and other income situated outside Malta and where double taxation relief has been claimed.
Non-resident Malta companies are exempt from all corporate taxes including capital gains including profits from the sale of shares. Malta has tax treaties with Albania, Australia, Austria, Belgium, Bar-bados, Bulgaria, Canada, China, Croatia, Czech Republic, Croatia Denmark, Egypt, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Iceland Isle of Man, India, Ireland, Italy, Jersey, Jordan, Korea, Kuwait, Latvia Libya Lithuania Luxembourg Malaysia, Montenegro, Morocco, Netherlands Norway, Pakistan, Poland, Portugal, Qatar, Romania, San Marino, San Marino, Serbia, Singapore, Slovakia, Slovenia, South Africa, South Africa - Spain, Sweden, Syria, Tunisia, United Arab Emirates, United Kingdom, United States.
Malta Company Compliance
The officers and shareholders of a Malta Company are required to be recorded at Companies House and the annual return filed every year. The annual return fee varies according to the amount of Authorised capital. The minimum usual fee is €100. As Malta Companies are registered for tax accounts are required to be prepared annually, audited and filed at Companies House. A Corporate Director is permitted to be a director of a Malta company. For most of our clients AMP & Partners Limited provides a Corporate Company Director, Secretary and a Shareholder service (nominees) so that your name will not appear on any official record at Companies House, ensuring that your identity is protected. Records of the identity of the beneficial owners of a Malta Company remain confidential.
Malta Company Formation
AMP & Partners Limited can carry out a quick name check for you and initiate incorporation the same day or next day. Normal Incorporation takes 3 to 4 days.
Malta Company Structure
Maltese company law was derived from civil or 'Roman' law, rather than common law. A new Companies Act 1995 replaced the old Commercial Ordinance and Companies are now formed by a modern Malta Registrar of Companies. The Standard Authorised Capital for a Malta Limited Company is €1,250 and at least 20% of this amount must be deposited in a bank account along with the filing of the Memorandum and Articles of Association with the Registrar of Companies in order to form the Company.
Malta Nominee Director, Shareholder and Secretary Services
AMP & Partners Limited provides fully-insured Nominee Corporate Director, Shareholder and Secretary Services. We guarantee that your Malta Company will be properly formed and delivered to you, managed professionally and comply with local legislative requirements, for the price quoted. There are no hidden fees. Furthermore, we guarantee not to increase the price of the annual fees for a five year period and thereafter any subsequent annual price increase will be related to the retail price index forecast estimated to be 3.3%.
Malta Company names
There is a restriction in naming a Malta Company with anything identical or similar to the name of a company already existing in Malta; or anything that in the opinion of the Registrar of Companies is offensive or otherwise undesirable. If you can’t think of a name for your company, its not a problem. You can still proceed to checkout, now and we will forward you 20 names to consider.