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Business Start-Up Costs in Malta

Business Start-Up Costs in Malta

Updated on Tuesday 19th April 2016

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Business-Start-Up-Costs-in-MaltaSetting up a company in Malta can be a wise choice for foreign investors due to the government strategies and regulations for encouraging foreign investments. Incorporating a company in Malta is quite easy and fast provided if the investors know all the steps and the documents that must be submitted with the Trade Register.

Steps for company registration in Malta

The first step for company registration in Malta is to submit the chosen name for the company with the Maltese Register of Companies and see if it is available. If the name is approved, the following step will be drafting the articles of association of the company and setting up the bank account where the minimum share capital required will be deposited.

Investors can benefit from counseling from Maltese lawyers during the process of incorporation, but also for drafting the articles of association. Once all required documents have been submitted and the certificate of incorporation released, the Trade Licensing Directorate will issue the trade license for the business activities to commence. The following steps for company registration in Malta will be to obtain tax and employer identification numbers, to register for taxation purposes and register the employees with the Employing Training Center (ECT).

Types of companies in Malta

Foreign investors can set up the following types of structures in Malta:

  • -          private limited liability companies that require at least one shareholder, one director, a secretary  and a minimum share capital of 1,200 euros;
  • -          public limited companies that require at least one shareholder, one director and a secretary. The minimum share capital for the public limited company is approximately 47,000 euros;
  • -          general and limited partnerships that require at least two partners and no minimum share capital;
  • -          branches, subsidiaries or representative offices for foreign companies.

Costs related to company incorporation in Malta

The incorporation process of a Maltese company is quite simple. When registering a company in Malta, the clients are required to support the following costs:

  • -          the reservation of the company’s name,
  • -          drafting the articles of association,
  • -          the registration with the Maltese Companies Register,
  • -          the trading license,
  • -          the registration for data protection.

Additional costs may be implied depending on the type of company clients want to set up, but our lawyers in Malta can provide all the details related to business start-up costs.

If you want to start a business and need details about the registration process you can contact our law firm in Malta.

 

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