Accounting Services Malta

29.01.2025

The Malta Business Registry (MBR) is the government agency responsible for the registration, regulation, and compliance of companies and commercial partnerships in Malta. It plays a pivotal role in overseeing company operations, managing deadlines, and ensuring adherence to legal and regulatory frameworks. Alongside standard annual obligations, the MBR regularly issues notifications to keep companies updated in line with local legal notices and EU legislation.

Key Obligations for Companies in Malta

When incorporating a company in Malta, understanding and fulfilling the associated obligations is crucial. Compliance with the regulations established in the Companies Act (Chapter 386 of the Laws of Malta) is essential throughout the company’s lifecycle to avoid disruptions and penalties. Failing to meet these obligations may result in enforcement actions, as stipulated in Article 401 (3) to (17) of the Companies Act.

Some of the most common statutory obligations include:

Annual Return Submission: This must be filed within 42 days from the anniversary date of the company’s incorporation.

Annual Financial Statements: These need to be approved within 10 months following the end of the company’s financial year and submitted within 42 days from the date of approval.

Penalties for Non-Compliance

Penalties for non-compliance are detailed in the Eleventh Schedule of the Companies Act. These outline specific infringements, associated fines, and applicable daily default penalties. Companies failing to adhere to deadlines for submitting returns or financial statements may face escalating enforcement measures. Unpaid penalties can lead to judicial proceedings initiated by the Registrar of Companies against company officers.

Why Compliance Matters

Meeting your company’s statutory obligations ensures smooth operations and avoids unnecessary financial and reputational risks. Adhering to deadlines not only fosters good corporate governance but also demonstrates reliability and accountability to stakeholders.

Professional Support for your Malta Company

Fairwinds Management is committed to supporting companies in Malta with their compliance and operational requirements. From company incorporation to the day-to-day management of business obligations, we provide tailored solutions to ensure deadlines are met, penalties are avoided, and operations run efficiently. Our teams is here to assist on the following administration and back office services for companies registered in Malta:

  • Organisation of board of directors meeting/drafting of resolutions
  • Organisation of annual general meetings
  • Company maintenance services
  • Drafting of power of attorneys

For more information or assistance, vist our page here https://fairwindsmanagement.net/services/administration/company-administration-services/ and contact Ms. Joceline Caruana (M.Acc, MIA, Cert.Tax, CPA) at jcaruana@fairwindsmanagement.net. We’re here to help your Malta company stay on track and thrive.

Fairwinds Management Limited is a MFSA licensed firm offering Business Solutions in Malta. As part of our services, we offer Accounting, Administration, Corporate and Legal solutions.  Fairwinds Management also manages the brand Accounting Services. More information about us and our key services please visit our website. You may reach Fairwinds Management on +356 2704 0903 or info@fairwindsmanagement.net.

Article written by Ms Charlene Sciberras, B.A. (Hons), guest writer, a marketing and business administration specialist with a special focus on corporate, accounting, and legal matters.