12.11.2024
The surge in business in Malta can be attributed to a combination of favourable factors that make the island nation an attractive destination for entrepreneurs. Malta’s advantageous tax regime, featuring one of Europe’s lowest corporate tax rates and beneficial tax systems for both local and foreign companies, serves as a significant draw.
As an EU member state, Malta offers businesses access to the expansive EU single market, while its strategic Mediterranean location provides a gateway to European, African, and Middle Eastern markets. The Maltese government’s supportive stance, manifested through various incentive programs and funding packages for innovative ventures, further encourages business formation. The simplified and relatively quick company registration process, coupled with reduced bureaucracy, lowers barriers to entry for aspiring entrepreneurs.
Malta’s developed infrastructure, skilled workforce, and investments in expanding industries like technology, pharmaceuticals, finance, and aviation create a robust business environment. The country’s political and economic stability-maintained credit rating, and growing sectors such as IT, financial services, iGaming, and tourism offer numerous opportunities. Additionally, the attractive Mediterranean lifestyle and climate contribute to Malta’s appeal. Ultimately, the combination of these factors, along with the benefits of EU membership including freedom of movement and regulatory compliance, makes Malta a compelling choice for individuals looking to start and grow their businesses.
Starting a business in Malta can be an exciting venture for entrepreneurs. As a Class A Corporate Service Provider authorised by the Malta Financial Services Authority, Fairwinds Management Limited is here to guide you through the process of company formation in Malta. Here’s what you need to know.
Types of Companies
The most common type of company for local businesses is the private limited liability company (Ltd). This structure offers personal asset protection while being relatively simple to set up and manage.
Key Steps in Company Formation
- Choose a unique company name: Your company name must be original and reflect your business activities. We can help verify name availability with the Malta Business Registry.
- Preparation of incorporation documents: You will assist in drafting the Memorandum and Articles of Association, which outline your company’s structure and rules.
- Determine share capital: The minimum share capital for a private company is €1,164.69, with at least 20% paid up upon incorporation.
- Appoint directors and company secretary: At least one director is required. A company secretary is also mandatory for all companies.
- Provide a registered office address: This must be a physical address in Malta.
- Submission of documents to the Malta Business Registry: We will handle this process for you, ensuring all paperwork is in order.
- Obtaining a Tax Identification Number: Once registered, we will apply for your company tax ID for compliance purposes.
With all documents in order, company registration typically takes 2-5 working days.
Ongoing Compliance
After formation, your company will have ongoing obligations including:
- Annual financial statement preparation and submission
- Annual return filing
- Tax return submissions
How Fairwinds Management Can Help
As a licensed Corporate Service Provider, we offer comprehensive support for company formation and ongoing compliance:
- Company incorporation services
- Company administration services
- Accounting and tax compliance assistance
Our team of experts ensures your company formation process is smooth and compliant with all local regulations. Starting a business doesn’t have to be complicated. Let Fairwinds Management guide you through every step of the company formation process in Malta. Contact us today to begin your entrepreneurial journey: info@fairwindsmanagement.net or on +356 2704 0903.
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.