There are several types of companies foreign enterprisers can set up in Malta, each and every one of them will be subject to different requirements, according to the local legislation. The main law providing for company registration is the Maltese Company Law which also establishes the number of shareholders a business must have. The shareholders are the founders or the owners of a company in whose names the share certificates are issued upon the registration of the business. A Maltese company must have at least two shareholders.
The Commercial Code provides for the following types of companies:
The law allows both local and foreign citizens, as well as local and foreign companies act as shareholders in Maltese companies. When a company in registered with the Maltese Companies Registrar, the shareholders are required to provide the following information:
In the case of companies acting as shareholders in another Maltese company, these must also submit information about the company and appoint a legal representative to act on their behalf. Our Maltese lawyers can help you submit all the required documents with the Trade Register.
As shareholder of a Maltese company, one will have certain rights, but also obligations related to the activity of the business. The main rights a Maltese shareholder has are:
Shareholders may have additional rights as established by the company’s Articles of Association, or through shareholders’ agreements.
With respect to the obligations of shareholders in a Maltese company, these are:
For complete information about shareholders’ rights and obligations, please contact our law firm in Malta.
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