Malta has become one of the most important IT&C (information technology and communication) centers in the European Union due to its legislation which is beneficial for foreign investors, but also due to the specialized workforce. Most foreign enterprisers coming to set up companies in Malta choose to start a business in the IT sector mostly because of the advanced infrastructure the country has. Additionally, foreign entrepreneurs can perform as sole traders in the IT sector in Malta.
Opening an IT company is hassle-free and our Maltese lawyers can help you with the registration procedure.
In order to start a business in the IT field in Malta, one must take into consideration the provisions of the current legislation. The company registration procedure falls under the Maltese Commercial Law which may require a minimum share capital depending on the type of business vehicle employed. However, an IT company will also require a special license issued by the Malta Communications Authority based on the type of activity undertaken. The company must follow the rules established by the following laws:
The Maltese legislation also encompasses all EU Directives on communications which enable IT companies to provide their services within the European Union.
Under the General Authorizations Act, Maltese IT companies may apply for a license that grants them to operate one or more communication systems and use them on different frequencies. The company must submit its memorandum and articles of association with the Malta Communications Authority. Based on the constitutive documents, the payment of the relevant fees and a notification form, the Maltese company will receive a commercial authorization for electronic communications network and will be registered in the Register of Undertakings.
If you need help with the licensing procedure, please contact our law firm in Malta.
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